Mortgage rates are 1.13 points above a year ago, and the bond market sets them
The average 30-year rate was 7.32% this week, up from 6.19% a year earlier and just off a two-year high. Here is what moves it, and what the gap costs a buyer.
Start with the numbers. According to Freddie Mac's weekly survey, published on Oct 22, 2026, the average 30-year fixed mortgage rate was 7.32%. A year earlier, it was 6.19%. That is a gap of 1.13 percentage points.
The week before, the rate was 7.40%. Data from the St. Louis Fed's FRED database, which republishes the Freddie Mac…
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Already subscribed? Enter your email above to unlock this browser.General market information for educational purposes — not investment advice. Figures come from the linked sources.