Mortgage Rates This Week

The average 30-year fixed-rate mortgage fell to 7.32% this week, down from 7.40% last week, according to Freddie Mac's Primary Mortgage Market Survey released Thursday, October 22. It was the first weekly decline after two weeks at 7.40%, the highest level since late 2023. A year ago the 30-year averaged 6.19%.

The 15-year fixed-rate mortgage eased to 6.68% from 6.71% last week. A year ago it averaged 5.44%.

Freddie Mac Chief Economist Sam Khater said the decline offered some relief to prospective homebuyers.

What Moved the Market

Mortgage rates track the 10-year Treasury yield, which dipped in mid-October as investors moved into bonds during a tech-stock sell-off. Mortgage News Daily's daily index showed the 30-year near 7.38% on October 21. The relief may be short-lived: by Friday, October 23, the 10-year yield had climbed back to about 5.00% as oil prices hit their highest level since 2022 on U.S.–Iran tensions.

What to watch next: the Federal Reserve's policy decision on Wednesday, October 28. The Fed is widely expected to hold rates steady, but markets are watching for signals about a possible hike in December. The next Freddie Mac survey is due October 29.

What It Means for Orange County Buyers

On a $1,000,000, 30-year loan, monthly principal and interest is about $6,869 at 7.32%. That is about $54 less per month than at last week's 7.40% ($6,924), but about $751 more than a year ago at 6.19% ($6,118).

한국어 요약

프레디맥이 10월 22일(목) 발표한 주간 조사에서 30년 고정 모기지 평균 금리는 7.32%로 지난주 7.40%에서 내려, 2주 연속 2023년 말 이후 최고 수준을 기록한 뒤 처음 하락했습니다(1년 전 6.19%). 15년 고정은 6.68%로 지난주 6.71%보다 소폭 내렸습니다(1년 전 5.44%).

10월 중순 기술주 급락으로 채권으로 자금이 몰리며 10년물 국채 금리가 내려간 것이 반영됐습니다. 다만 23일(금) 미국·이란 긴장으로 유가가 급등하면서 10년물 금리는 다시 약 5.00%로 올라, 금리 하락세가 이어질지는 불확실합니다. 다음 주 수요일(10/28) 연준 금리 결정과 10월 29일 프레디맥 발표를 주목할 필요가 있습니다.

100만 달러, 30년 대출 기준 월 원리금은 7.32%에서 약 6,869달러로, 지난주(7.40%, 약 6,924달러)보다 월 약 54달러 적지만 1년 전(6.19%, 약 6,118달러)보다는 월 약 751달러 많습니다.

Sources / 출처: Freddie Mac Primary Mortgage Market Survey (Oct. 22, 2026), FRED (St. Louis Fed), Trading Economics, Mortgage News Daily, Kiplinger, Associated Press

For information only, not financial advice. / 정보 제공용이며 금융 자문이 아닙니다.