Freddie MacOTC: FMCC

Mortgage Rates Decrease to 7.32%

· Issued by Freddie Mac via GlobeNewswire

Summary by 6ix AI

Freddie Mac's Primary Mortgage Market Survey, its weekly survey of mortgage rates, showed the 30-year fixed-rate mortgage averaged 7.32% as of October 22, 2026, down from 7.40% the week before.

Key details

  • A year earlier, the 30-year fixed-rate mortgage averaged 6.19%.
  • The 15-year fixed-rate mortgage averaged 6.68%, down from 6.71% the week before; a year earlier it averaged 5.44%.
  • The survey covers conventional, conforming, fully amortizing home purchase loans (standard loans paid off in full over the 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.

MCLEAN, Va., Oct. 22, 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 7.32%.

“The average 30-year fixed-rate mortgage declined this week, offering some relief to prospective homebuyers,” said Sam Khater, Freddie Mac's Chief Economist.

News Facts

  • The 30-year FRM averaged 7.32% as of October 22, 2026, down from last week when it averaged 7.40%. A year ago at this time, the 30-year FRM averaged 6.19%.
  • The 15-year FRM averaged 6.68%, down from last week when it averaged 6.71%. A year ago at this time, the 15-year FRM averaged 5.44%.

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

MEDIA CONTACT:
Mollie Laniado
(571) 382-1784
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/790fcf36-11b5-4afb-ab26-99ebf2be22ec 

PMMS 10 22 2026 Chart

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