US 30-year mortgage interest rate
US 30-year mortgage interest rate stood at 7.4% on Oct 15, 2026, according to FRED (Federal Reserve Bank of St. Louis). It is one of the indicators in the Market interest rates table (Value · Daily), with a complete series running from Apr 2, 1971 to Oct 15, 2026. The complete series with an interactive chart, free to download.
This indicator in the Market interest rates table
| Indicator | 15-10-2026 | 13-10-2026 | 12-10-2026 | 09-10-2026 | 08-10-2026 | 07-10-2026 | 06-10-2026 | 05-10-2026 | 02-10-2026 | 01-10-2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 30-year fixed mortgage rate | 7.4 | 7.4 | 7.28 | ||||||||
| 15-year fixed mortgage rate | 6.71 | 6.73 | 6.6 | ||||||||
| Bank prime interest rate | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 |
Understanding US 30-year mortgage interest rate
This indicator represents the average interest rate for long-term fixed-rate mortgage loans, typically applying to loan applications meeting standard criteria for collateral and borrowers. This is not a guaranteed quotation for all households, nor does it include application fees, discount points, or total closing costs. Compared to shorter-term mortgages, this rate is generally higher, but periodic payments are more evenly distributed.
Changes should be read as a multi-day trend rather than taking a single observation as the prevailing benchmark for all contracts. Actual interest rates also depend on credit scores, loan-to-value ratios, geography, and the timing of rate lock-ins. When comparing, loan types and quotation conditions must remain constant; long-term bond yields are useful for identifying direction, but the two series do not necessarily move in tandem. The latest data may also be revised after additional quotes are aggregated.
Frequently asked questions
- Is the rate on the chart the guaranteed rate I will receive?
- No. Personal quotes vary based on credit profile, down payment, collateral, and rate-lock timing.
- Does the indicator reflect the total cost of borrowing to buy a home?
- Not entirely, as closing costs and discount points may fall outside the displayed interest rate.
- Why do mortgage rates rise even when short-term interest rates change little?
- Long-term loans are also influenced by long-term yields, inflation expectations, credit risk, and hedging costs.