Today’s mortgage rates
The evidence offers borrowers some encouragement, with limits: Freddie Mac’s weekly 30-year average fell to 7.24% on October 29, 2026, while CNBC’s 10-year Treasury yield was 4.896%, below the previous report’s 4.919%. The weekly survey measures mortgage rates over a different window from the Treasury observation; neither establishes the rate on a fresh lender quote.
The closer bond comparison is less encouraging. CNBC’s yield is slightly above its 4.894% session close, so the decline since our last report should not be read as a further fall from that close.
Although rates have elevated from recent lows, see if refinancing makes sense or tapping home equity is prudent. For home buyers, explore expert advice for 2026 and check if you qualify for financial assistance programs or more flexible loan options.
Current mortgage and refinance rates
Find your lowest rate. Start here| Program | Mortgage Rate | APR* | Change |
|---|---|---|---|
| Conventional 30-year fixed | |||
| Conventional 30-year fixed | 7.264% | 7.326% | -0.02 |
| Conventional 20-year fixed | |||
| Conventional 20-year fixed | 7.169% | 7.264% | +0.03 |
| Conventional 15-year fixed | |||
| Conventional 15-year fixed | 6.723% | 6.815% | -0.01 |
| Conventional 10-year fixed | |||
| Conventional 10-year fixed | 6.65% | 6.748% | +0.01 |
| 30-year fixed FHA | |||
| 30-year fixed FHA | 7.128% | 7.165% | -0.02 |
| 30-year fixed VA | |||
| 30-year fixed VA | 7.008% | 7.058% | -0.03 |
| 5/1 ARM Conventional | |||
| 5/1 ARM Conventional | 6.57% | 6.346% | -0.17 |
| Rates are provided by our partner network, and may not reflect the market. Your rate might be different. Click here for a personalized rate quote. See our rate assumptions See our rate assumptions here. | |||
>Related: 7 Tips to get the best refinance rate
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30-year fixed rate mortgage
At the time this was published, the average 30-year fixed mortgage rate reached 7.264%.
The average 30-year fixed rate mortgage (FRM) hit a record weekly low of 2.65% on January 7, 2021, and a record weekly high of 18.63% on October 9, 1981, according to Freddie Mac (survey data since 1971).
A 30-year FRM gives borrowers an affordable option but you pay more interest over the life of the loan compared to shorter mortgages.
15-year fixed rate mortgage
Today, the average 15-year fixed mortgage rate went to 6.723%.
The average 15-year fixed rate mortgage (FRM) hit a record weekly low of 2.10% on July 29, 2021, and a record weekly high of 8.89% on December 16, 1994, according to Freddie Mac (survey data since 1991).
The 15-year FRM offers borrowers a briefer term with less accrued interest, but the monthly payments will be much higher.
[click_table instance_v2="5caf80fdd8e3f21f6b2eee7e" hideWhen="br_swap"]5/1 adjustable-rate mortgage
This morning’s 5/1 adjustable rate mortgage averaged 6.57%.
Adjustable-rate mortgages (ARMs) typically have lower initial interest rates compared to fixed loans. Once that initial period ends, the interest rate adjusts to the current market conditions. In this case, the initial period is five years and the adjustments are up to once every year. Homeowners with shorter term lending plans tend to see these as advantageous.
What experts are expecting
Mike Fratantoni, Chief Economist at Mortgage Bankers Association
“we do not expect any significant relief in mortgage rates over the forecast horizon.”
This reflects the expert’s personal opinion and outlook. It is not an offer or commitment to lend. Your actual rate and APR depend on your credit, loan amount, down payment, property and other factors, and will vary by lender.
Market data affecting today’s mortgage rates
Here’s a snapshot of the state of play as this article was published, with figures as of 8:32 a.m. Eastern on Tuesday, November 3, 2026. Each figure compares to the level in our previous report, published November 2, 2026, so much of the movement will often have happened in the previous session.
- The yield on 10-year Treasury notes decreased to 4.896% from 4.919% (Good for mortgage rates). Mortgage rates often follow these Treasury bond yields.
- Major stock indexes were mixed in the last session: Dow gained 0.41%, S&P 500 fell 0.51%, Nasdaq fell 1.07%. (Mixed for mortgage rates.) When investors sell shares and move into bonds, bond purchases can push prices up and yields down, potentially easing mortgage rates.
- Oil prices decreased to $97.20 from $99.46 a barrel. (Good for mortgage rates.*)
- Gold prices increased to $3,941.40 from $3,911.90 an ounce. (Good for mortgage rates.*)
- CNN Business Fear & Greed Index decreased to 18.9 from 24.6 out of 100, in “extreme fear” territory. (Good for mortgage rates.) “Fear” suggests investors are seeking safety, supporting bond prices and easing yields; “greed” suggests the opposite.
*A movement of less than $20 on gold prices or 40 cents on oil prices is a change of 1% or less. So we only count meaningful differences as good or bad for mortgage rates.
Caveats about markets and rates
Before the pandemic, post-pandemic upheavals, and war in Ukraine, you could look at the above figures and make a pretty good guess about what would happen to mortgage rates that day. That relationship is looser now.
So, use markets only as a rough guide. They have to be exceptionally strong or weak before they say much about the day’s lender pricing. We still make a daily call, and it is a judgment about the morning’s markets, not a forecast to bank on.
Our call for today: CNBC's 10-year Treasury yield is below our last report's level but slightly above its session close. Our read is that mortgage quotes could remain near current levels today.
Be aware that “intraday swings” (when rates change speed or direction during the day) are a common feature right now.
Find your lowest rate. Start hereWhat’s driving mortgage rates today?
This week
Employment Situation is our main calendar focus for mortgage pricing this week. Econoday lists it for Friday at 8:30 AM ET and marks it high importance; a surprise deserves attention when assessing the direction of mortgage pricing. Consumer Sentiment follows Friday at 10:00 AM ET, also marked high importance. Across this week, Econoday lists twelve economic releases still upcoming as of Tuesday morning.
The nearest scheduled tests are Tuesday’s Factory Orders and JOLTS, both at 10:00 AM ET on Econoday’s calendar. JOLTS carries a high-importance designation, compared with medium for Factory Orders, making it our nearer watch point for a surprise that could affect pricing. Monday’s ISM Manufacturing Index was on the calendar for 10:00 AM ET.
The middle of the week adds more high-importance releases to watch for pricing surprises. International Trade in Goods and Services is scheduled Wednesday at 8:30 AM ET, followed by ISM Services Index at 10:00 AM ET. Jobless Claims is scheduled Thursday at 8:30 AM ET.
Use the scheduled reports as checkpoints when comparing lender quotes, keeping the loan amount, term and fee assumptions consistent.
Recent trends
Freddie Mac’s October 29, 2026 Primary Mortgage Market Survey put the weekly 30-year fixed mortgage rate average at 7.24%, falling 8 basis points (0.08 percentage points) from 7.32% the previous week. The 15-year average was 6.60%. Freddie’s data serves as a market barometer and trend tracker, but individual rates vary by lender and depend on personal financial profiles.
Expert forecasts for mortgage rates
Looking further ahead, Fannie Mae and the Mortgage Bankers Association (MBA) each has a team of economists dedicated to monitoring and forecasting what will happen to the economy, the housing sector and mortgage rates.
Here are their quarterly rate forecasts for the next year. The numbers in the table below are for 30-year, fixed-rate mortgages. Fannie Mae updated its forecast on October 12 and MBA updated its forecast on October 11.
| Forecaster | Q4/26 | Q1/27 | Q2/27 | Q3/27 |
|---|---|---|---|---|
| Fannie Mae | 7.4% | 7.5% | 7.5% | 7.5% |
| MBA | 7.3% | 7.2% | 7.2% | 7.2% |
Of course, given so many unknowables, these forecasts might be even more speculative than usual, and both groups revise them often.
Time to make a move? Let us find the right mortgage for youMortgage rate methodology
The Mortgage Reports receives rates based on selected criteria from multiple lending partners each day. We arrive at an average rate and APR for each loan type to display in our chart. Because we average an array of rates, it gives you a better idea of what you might find in the marketplace. Furthermore, we average rates for the same loan types. For example, FHA fixed with FHA fixed. The end result is a good snapshot of daily rates and how they change over time.
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Current mortgage rates methodology
We receive current mortgage rates each day from a network of mortgage lenders that offer home purchase and refinance loans. Those mortgage rates shown here are based on sample borrower profiles that vary by loan type. See our full loan assumptions here.
🏠 Equal Housing Lender. The Mortgage Reports, NMLS #1019791. Verify our licensing at NMLS Consumer Access. We do business in accordance with the Equal Credit Opportunity Act and federal Fair Housing laws. This article is for editorial and informational purposes only and is not an offer or commitment to lend; rates and terms are illustrative and subject to change without notice.
