Fees sit outside the rate
APR, discount points, and lender credits decide whether a lower rate is actually cheaper. Two offers with the same note rate can cost different amounts at the closing table.
U.S. rate desk
See the national mortgage rate before you compare offers.
A weekly snapshot for rate shoppers and mortgage researchers, with free payment, affordability, and closing-cost tools beside the print.
Best for: rate shoppers and mortgage researchers who want a dated national average and free calculators before they compare lender offers.
- Public benchmarks, dated on the page
- Free calculators, no account
- Source named next to every print
The gap
What mortgage rate will I actually get?
The 30-year fixed Freddie Mac PMMS national average is 7.28% as of Oct. 3, 2026. A headline rate is a national average. The offer you receive prices your credit, your fees, and your lock.
The weekly survey lags the market
Treasuries and mortgage bonds can reprice between Freddie Mac prints. A screenshot from last Thursday is already a different market if the 10-year moved.
One quote is a sample
The same loan amount, down payment, and lock period can clear at different APRs on the same morning. The average tells you the neighborhood. The Loan Estimate tells you the house.
The desk
Read the print. Then price your own scenario.
Start with this week's national average, run a payment, and take that benchmark into a conversation with a licensed lender.
Check today's rates
Read this week's national averages, then see how we sourced them.
See today's ratesPlan my payment
Estimate principal, interest, taxes, insurance, and HOA before you shop quotes.
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Budget cash to close, then gather the documents lenders actually ask for.
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Proof
This week's sourced print
Freddie Mac's Primary Mortgage Market Survey put the 30-year fixed at 7.28% and the 15-year fixed at 6.60% as of October 1, 2026. Freddie Mac PMMS
As of Oct. 3, 2026, 6:30 AM ET
National averages for the products below, refreshed weekly. The vintage and the survey sit in the rail beside the table.
National survey averages, not a quote or a rate lock.
Scroll sideways to read every column.
Loan type
Rate / APR
Change (wk)
Next-week outlook
Next-month outlook
30-year fixedConventional
Rate / APR7.28%7.35% APR
Change this week+0.25 higher this week
Next-week outlookHigher bias0.00-0.05 pts higherHigher bias. Expected move: 0.00-0.05 pts higher.
Next-month outlookHigher bias0.05-0.20 pts higherHigher bias. Expected move: 0.05-0.20 pts higher.
20-year fixedConventional
Rate / APR7.39%7.49% APR
Change this week+0.25 higher this week
Next-week outlookHigher bias0.00-0.05 pts higherHigher bias. Expected move: 0.00-0.05 pts higher.
Next-month outlookHigher bias0.05-0.20 pts higherHigher bias. Expected move: 0.05-0.20 pts higher.
15-year fixedFaster payoff
Rate / APR6.60%6.70% APR
Change this week+0.18 higher this week
Next-week outlookHigher bias0.00-0.05 pts higherHigher bias. Expected move: 0.00-0.05 pts higher.
Next-month outlookHigher bias0.05-0.15 pts higherHigher bias. Expected move: 0.05-0.15 pts higher.
30-year FHALower down payment
Rate / APR7.20%7.24% APR
Change this week+0.25 higher this week
Next-week outlookFlatFlat to 0.05 higherFlat. Expected move: Flat to 0.05 higher.
Next-month outlookMixedMixed, 0.00-0.15 higherMixed. Expected move: Mixed, 0.00-0.15 higher.
30-year VAEligible military
Rate / APR7.19%7.24% APR
Change this week+0.25 higher this week
Next-week outlookFlatFlat to 0.05 higherFlat. Expected move: Flat to 0.05 higher.
Next-month outlookMixedMixed, 0.00-0.15 higherMixed. Expected move: Mixed, 0.00-0.15 higher.
30-year jumboHigher loan amounts
Rate / APR7.54%7.58% APR
Change this week+0.25 higher this week
Next-week outlookFlatFlat, choppyFlat. Expected move: Flat, choppy.
Next-month outlookMixed-0.10 to +0.10 ptsMixed. Expected move: -0.10 to +0.10 pts.
- Range bar shows where the rate sits in this week's low-to-high band
- Green = lower / easing bias
- Amber = mixed / choppy
- Red = higher bias
Rate Watch Dashboard
The public signals behind the next move
The 30-day scenario on this page is modestly higher and more volatile, with a model score of +3 on a -10 to +10 scale. The cards below name the public signals behind that bias.
Current bias
Modestly higher, more volatile
Model score: +3 on a -10 to +10 pressure scale
Open the full forecast chart
August CPI held at 3.4% year over year and core ticked down only slightly to 2.4%, a pause in the disinflation trend rather than a fresh move lower.
September payrolls rose just 29,000, well short of the 84,000 forecast, and the unemployment rate ticked up to 4.2% from 4.1%, a second soft report in a row.
The Fed hiked rates 25 basis points on Sept. 16, its first hike since 2023, and most policymakers penciled in at least one more hike by year-end.
The 10-year Treasury surged to roughly 5.1%-5.3% by early October, its highest level since 2007, pushing the 30-year PMMS print to 7.28%.
30-day view: compare now if timing matters
If you are under contract or shopping actively, the bigger risk is missing lender differences, not perfectly timing the market. Compare APR, fees, credits, and lock terms now, then ask about float-down policies.
Could push rates down
Cooler CPI, softer jobs, lower 10-year Treasury yields, narrower MBS spreads.
Could push rates up
Hot inflation, stronger payrolls, hawkish Fed language, wider mortgage-bond spreads.
Questions
What this page is for
The percentage on this page is a public national average. A lender sets your rate on a Loan Estimate.
What do I get on this page?
This week's national print for common loan types, a short read on why a headline rate and a Loan Estimate diverge, and links into the payment, affordability, and closing-cost calculators.
Is the percentage on this page my rate?
It is an illustrative national average from a public survey. A licensed lender sets your rate after pricing credit, loan size, occupancy, and program. Use the print as the benchmark, then compare written Loan Estimates.
Which surveys are named on the snapshot?
Freddie Mac's Primary Mortgage Market Survey for 30-year and 15-year fixed. Bankrate national averages for FHA, VA, and jumbo. Mortgage News Daily for daily direction. The provenance rail lists the vintage.
How current is the snapshot?
The snapshot and the outlook are refreshed weekly. The page shows the pull date and time. Between pulls, the bond market can move.
Do the calculators require an account?
No account. The payment, affordability, closing-cost, and PMI calculators run in the browser. They illustrate a figure. They do not open a loan file.
What should I do after I read the print?
Open today's rates for the full table and methodology, or estimate a payment with the same 30-year figure. When you want an offer, compare Loan Estimates from licensed lenders you choose.
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Send a page, calculator, or snapshot question to hello@homemortgageonline.com.
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Next step
Put this week's average next to a payment.
Open the full rate page for the survey table, or run the calculator on the same 7.28% 30-year print.