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XELB
$0.61
(15.71%)
ZOMDF
$0.09
(0.71%)
‌
10/8/2026

Mortgage Rates Hit 7.4%, the Highest in Nearly Three Years

The average 30-year fixed mortgage rate reached 7.4% this week, according to Freddie Mac survey data through Wednesday, up from 7.28% a week earlier and the highest level in nearly three years. Other measures are higher still. Mortgage News Daily calculated 7.59% as of Wednesday, the Mortgage Bankers Association reported a 7.49% average for the week through Friday, and Zillow data showed a 7.52% rate on a 30-year purchase loan today.

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Mortgage Rates Hit 7.4%, the Highest in Nearly Three Years

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