FX.co ★ US Mortgage Rates Hold at Highest Since 2023

The US 30-year fixed-rate mortgage averaged 7.4% as of October 15th, 2026, holding above 7% and matching its highest level since November 2023, unchanged from the previous week. This is the eighth consecutive week without a decline. The pause mirrors the recent pullback in US Treasury yields, even as expectations of higher-for-longer interest rates have boosted safe-haven demand from capital-intensive sectors. Mortgage rates typically move in close alignment with these sovereign yields. One year earlier, the 30-year fixed-rate mortgage averaged 6.27%. Meanwhile, the 15-year fixed-rate mortgage averaged 6.71%, slightly below the more than two-year high of 6.73% reached last week.