U.S. mortgage rates
The current U.S. 30-year fixed mortgage rate is 7.294% as of Oct 15, 2026, based on Optimal Blue rate-lock data published by FRED.
Down 8 basis points from Oct 14, 2026.
This national average covers locked conforming 30-year fixed mortgages across the United States. An individual lender quote depends on the borrower and loan details.
It is not a bank advertisement and it is not a personal final quote.
Source
Optimal Blue / FRED
Measure
Locked-loan average
Data through
Oct 15, 2026
Latest 90 published observations for 30-Year Fixed.
A crawlable record of the latest values, with each row compared with the prior valid observation.
High across 30 observations
7.458% · Oct 5, 2026
Low across 30 observations
6.744% · Sep 3, 2026
Net change since Sep 2, 2026
+51 bps
| Observation date | Rate | Change from prior observation |
|---|---|---|
| Oct 15, 2026 | 7.294% | −8 bps |
| Oct 14, 2026 | 7.378% | +2 bps |
| Oct 13, 2026 | 7.361% | −3 bps |
| Oct 9, 2026 | 7.388% | −4 bps |
| Oct 8, 2026 | 7.424% | −1 bp |
| Oct 7, 2026 | 7.433% | −2 bps |
| Oct 6, 2026 | 7.451% | −1 bp |
| Oct 5, 2026 | 7.458% | +8 bps |
| Oct 2, 2026 | 7.379% | +1 bp |
| Oct 1, 2026 | 7.368% | −2 bps |
Weekends, holidays, and missing observations are skipped. A basis point is 0.01 percentage point.
A reproducible $300,000 principal-and-interest illustration using each series' latest labeled observation.
This apples-to-apples illustration applies the latest national locked-rate averages to the same $300,000 principal. A 30-year term usually lowers the required principal-and-interest payment by spreading repayment over more months; a 15-year term repays principal faster and can reduce total interest despite the higher monthly payment.
30-Year Fixed rate difference
68 bps above 15-Year Fixed
Comparison principal
$300,000
Payment measure
Principal + interest only
| Market series | Observation | Rate | Term | Est. monthly P&I | Est. full-term interest |
|---|---|---|---|---|---|
| 30-Year Fixed | Oct 15, 2026 | 7.294% | 30 years | $2,055 | $439,976 |
| 15-Year Fixed | Oct 15, 2026 | 6.617% | 15 years | $2,633 | $173,878 |
The illustration excludes taxes, insurance, mortgage insurance, points, fees, and prepayments. It is a mathematical comparison, not a quote or recommendation.
How to compare rate, payment, closing costs, and cash to close.
A separate weekly benchmark for conventional mortgage rates.
Market observations refresh automatically; the comparison is calculated from the labeled values above. Read the methodology.
The mortgage is generally repaid over 30 years and the interest rate remains fixed for the loan term. The payment pattern differs from shorter-term mortgages because principal is spread over more years.
Lenders price credit score, down payment, loan amount, property type, lock period, points, and fees. This page reports an average of completed rate locks instead.
Optimal Blue lock data usually publishes on the next business day. The site checks the public source every 15 minutes and labels the actual data-through date.
Clear limits on what this number can tell you.
Not necessarily. It is a national average of completed locks, not an offer for a specific borrower or property.
It is a common U.S. home-loan product with broad market coverage, so it is often used to describe the overall mortgage-rate direction.
This national average covers locked 15-year fixed mortgages across the United States. A 15-year loan repays principal faster than a 30-year loan, so its rate and monthly-payment structure are different.
This national average covers locked 30-year fixed jumbo mortgages across the United States. Jumbo generally means the loan amount exceeds the conforming limit that applies in that year and location.
This national average covers locked 30-year fixed FHA mortgages across the United States. Approved lenders originate FHA loans, while the Federal Housing Administration insures them.
This national average covers locked 30-year fixed VA mortgages across the United States. VA loans serve eligible service members, veterans, and certain qualifying family members.