Freddie Mac survey shows 30-year fixed mortgage rate averages 7.40%

• Freddie Mac’s weekly survey showed the 30-year fixed-rate mortgage averaged 7.40% as of Oct. 8, up from 7.28%.
• The 30-year rate stood at 6.30% a year earlier, highlighting a sharp year-on-year rise in borrowing costs.
• The 15-year fixed-rate mortgage averaged 6.73%, up from 6.60% the prior week.
• The 15-year rate was 5.53% a year earlier, extending the upward pressure on refinancing and purchase affordability.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Freddie Mac - Federal Home Loan Mortgage Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610081200PRIMZONEFULLFEED9842286) on October 08, 2026, and is solely responsible for the information contained therein.