FX.co ★ US Mortgage Rates See First Drop in 9 Weeks

The US 30-year fixed-rate mortgage averaged 7.32% as of October 22, 2026, holding above the 7% threshold but edging down from the peak reached over the previous two weeks, which was the highest level since November 2023. This is the first decline in nine weeks and mirrors the recent pullback in US Treasury yields over the past two weeks, after expectations of higher-for-longer interest rates had previously boosted safe-haven demand at the expense of capital-intensive sectors. Mortgage rates typically move in close alignment with these sovereign yields. A year earlier, the 30-year fixed-rate mortgage averaged 6.19%. Over the same period, the 15-year fixed-rate mortgage averaged 6.68%, slightly lower than the 6.71% recorded a week earlier.