Mortgage Rates This Week

The average 30-year fixed-rate mortgage held steady at 7.40% this week, unchanged from last week, according to Freddie Mac's Primary Mortgage Market Survey released Thursday, October 15. A year ago the 30-year averaged 6.27%.

The 15-year fixed-rate mortgage edged down to 6.71% from 6.73% last week. A year ago it averaged 5.52%.

"The average 30-year fixed-rate mortgage remained unchanged this week," said Sam Khater, Freddie Mac's Chief Economist.

What Moved the Market

Inflation remains the main headwind. September consumer prices rose 3.7% from a year earlier, and on Thursday the Producer Price Index showed wholesale prices up 6.3% year over year — the fastest pace since December 2022 — driven largely by a jump in fuel costs.

There was one bright spot late in the week: the 10-year Treasury yield fell to about 5.09% on Thursday as investors moved into bonds during a tech-stock sell-off. The 10-year and 30-year yields posted their biggest one-day declines since February, and homebuilder stocks such as Lennar rallied more than 5%. Mortgage rates tend to follow the 10-year yield with a lag, so if yields stay lower, next week's survey could show some relief.

What It Means for Buyers

At 7.40%, monthly principal-and-interest on an $800,000 loan is roughly $5,540 — about $600 more per month than at last year's 6.27%. Buyers who need to move now may consider rate buydowns, adjustable-rate options, or locking with a float-down provision if yields keep falling.

한국어 요약

프레디맥이 10월 15일(목) 발표한 주간 조사에서 30년 고정 모기지 평균 금리는 7.40%로 지난주와 같았습니다(1년 전 6.27%). 15년 고정은 6.71%로 지난주(6.73%)보다 소폭 내렸습니다(1년 전 5.52%).

9월 소비자물가(CPI)가 전년 대비 3.7%, 같은 날 발표된 생산자물가(PPI)가 6.3% 올라 2022년 12월 이후 가장 큰 폭을 기록하는 등 인플레이션 부담이 여전합니다. 다만 목요일 기술주 급락으로 채권으로 자금이 몰리며 10년물 국채 금리가 약 5.09%로 크게 떨어졌고, 레나(Lennar) 등 주택건설주가 5% 넘게 올랐습니다. 국채 금리 하락이 이어지면 다음 주 모기지 금리에 반영될 가능성이 있습니다.

7.40% 기준 80만 달러 대출의 월 원리금은 약 5,540달러로, 1년 전(6.27%)보다 월 600달러가량 많습니다. 지금 매수해야 하는 분들은 금리 바이다운, 변동금리(ARM), 플로트다운 조건부 락 등을 검토해 볼 만합니다.

Sources: Freddie Mac PMMS (Oct. 15, 2026) · U.S. Bureau of Labor Statistics (PPI, CPI) · Yahoo Finance · TT News (PPI). Payment estimate is illustrative only.