Freddie MacOTC: FMCC

Mortgage Rates Decline Further to 7.24%

Oct 29, 2026 at 12:00 PM EDT · Issued by Freddie Mac via GlobeNewswire

Summary by 6ix AI

Freddie Mac's weekly Primary Mortgage Market Survey showed the 30-year fixed-rate mortgage averaged 7.24% as of October 29, 2026, down from an average of 7.32% the week before.

Key details

A year earlier, the 30-year fixed-rate mortgage averaged 6.17%.
The 15-year fixed-rate mortgage averaged 6.60% as of October 29, 2026, down from 6.68% the prior week; a year earlier it averaged 5.41%.
The survey covers conventional, conforming, fully amortizing home purchase loans (standard loans within government-sponsored lending limits that are paid off in full over their term) for borrowers who put 20% down and have excellent credit.

6ix AI wrote this summary from the release below and checked it against the release.

On 6ix: 6ix.com/news/mortgage-rates-decline-further-to-7.24percent

Watch Freddie Mac's latest callFreddie Mac (OTC:FMCC) Q3 2026 Earnings Call · Replay · Oct 29 Read the transcript of Freddie Mac (OTC:FMCC) Q3 2026 Earnings Call

MCLEAN, Va., Oct. 29, 2026 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey ^® (PMMS^®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.24%.

“The average 30-year fixed-rate mortgage declined again this week, reaching its lowest level this month and modestly boosting purchasing power for prospective buyers,” said Sam Khater, Freddie Mac's Chief Economist.

News Facts

The 30-year FRM averaged 7.24% as of October 29, 2026, down from last week when it averaged 7.32%. A year ago at this time, the 30-year FRM averaged 6.17%.
The 15-year FRM averaged 6.60%, down from last week when it averaged 6.68%. A year ago at this time, the 15-year FRM averaged 5.41%.

The PMMS^® is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit. For more information, view our Frequently Asked Questions.

Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability and affordability in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: Website | Consumers | X | LinkedIn | Facebook | Instagram | YouTube

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A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1f7f26fb-1cbc-4268-b85c-4a8ec8dd4216