Brian McKay
Brian McKay
Co-Founder & Lead Data Architect- Automated Online Rate Data Aggregation
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Average 30-Year Mortgage APR Falls to 7.294% as Six of Nine Mortgage Averages Decline
The average APR on a 30-year fixed mortgage fell 0.044 points to 7.294% between October 20 and October 26, from 7.338%. Six of the nine averages we track fell, led by FHA, and four of the nine are above 7.00%.
The average APR on a 30-year fixed mortgage fell 0.044 points to 7.294% between October 20 and October 26, from 7.338%. Six of the nine mortgage averages we track fell. FHA APRs fell the most, down 0.094 points to 7.638%, VA APRs fell 0.076 points to 7.220%, and 15-year fixed mortgage APRs fell 0.034 points to 6.840%. Four of the nine averages are above 7.00%.
Key takeaways
- The average 30-year fixed APR fell 0.044 points to 7.294%, from 7.338% a week earlier; the 15-year fixed average fell 0.034 points to 6.840%.
- FHA APRs fell 0.094 points to 7.638%, the largest change, VA APRs fell 0.076 points to 7.220%, and 15-year jumbo APRs fell 0.071 points to 6.872%.
- 30-year jumbo APRs rose 0.013 points to 7.302% and 5/1 ARM APRs rose 0.009 points to 6.894%; 3/1 ARM APRs held steady at 6.779%.
- Four of the nine averages are above 7.00%: FHA at 7.638%, 30-year jumbo at 7.302%, 30-year fixed at 7.294%, and VA at 7.220%. The same four were a week earlier.
- The 10-year Treasury yield was 4.96% on October 22, after 5.15% on October 19 and 5.31% on October 5; it was 5.01% on the day of the Fed's September 16 rate increase.
The average 30-year fixed APR fell 0.044 points to 7.294%
Conventional mortgage rates, national average APR since April 13
Average APRs from MonitorBankRates.com's nightly collection, updated daily.
The average 30-year fixed APR was 7.338% a week earlier and is 7.294% this week. The 15-year fixed average fell 0.034 points to 6.840%, and the spread between the two is 0.454 points. The 30-year average is calculated from 1,020 rates at 509 lenders, and the 15-year average from 786 rates at 501 lenders. APR includes points and lender fees as well as the interest rate.
Among adjustable-rate mortgages, 3/1 ARM APRs held steady at 6.779%, from 6.784%, the lowest average of the nine, from the smallest ARM pool we track, 66 lenders. 5/1 ARM APRs rose 0.009 points to 6.894%, from 162 lenders, and 7/1 ARM APRs fell 0.009 points to 6.879%, from 212 lenders.
FHA APRs fell 0.094 points and VA APRs fell 0.076 points
FHA mortgage APRs fell 0.094 points to 7.638%, from 7.732%, and VA mortgage APRs fell 0.076 points to 7.220%, from 7.296%. 15-year jumbo APRs fell 0.071 points to 6.872%, and 30-year jumbo APRs rose 0.013 points to 7.302%. Jumbo averages come from the smallest lender pools we track: 62 lenders reported 30-year jumbo rates and 22 reported 15-year jumbo rates.
Jumbo and FHA rates, national average APR since April 13
Average APRs from the nightly collection. VA loans are omitted from this chart pending a data-quality fix in the nightly series.
Four of the nine averages are above 7.00%: FHA at 7.638%, 30-year jumbo at 7.302%, 30-year fixed at 7.294%, and VA at 7.220%. The same four were above 7.00% a week earlier. The APR an individual borrower is quoted depends on the lender and the loan file as well as the program. Buyers comparing local offers can line up Ohio mortgage rates against these national averages, and borrowers looking for a lender can search our mortgage lenders and brokers directory by location, including mortgage lenders in Cincinnati, Ohio.
Weekly change by loan type (percentage points)
Average APRs, October 20 to October 26. Red bars rose; green bars fell.
Average mortgage APRs by loan type since October 20
| Loan Product | October 20 APR | October 26 APR | Weekly Change |
|---|---|---|---|
| Conventional Fixed-Rate Mortgages | |||
| 30-Year Fixed ▼ | 7.338% | 7.294% | ▼ -0.044 |
| 15-Year Fixed ▼ | 6.874% | 6.840% | ▼ -0.034 |
| Conventional Adjustable-Rate Mortgages (ARM) | |||
| 3/1 Conventional ARM ▼ | 6.784% | 6.779% | ▼ -0.005 |
| 5/1 Conventional ARM ▲ | 6.885% | 6.894% | ▲ +0.009 |
| 7/1 Conventional ARM ▼ | 6.888% | 6.879% | ▼ -0.009 |
| Jumbo Fixed-Rate Mortgages (Above Conforming Limits) | |||
| 30-Year Jumbo ▲ | 7.289% | 7.302% | ▲ +0.013 |
| 15-Year Jumbo ▼ | 6.943% | 6.872% | ▼ -0.071 |
| Government-Backed Loans | |||
| FHA Loans ▼ | 7.732% | 7.638% | ▼ -0.094 |
| VA Loans ▼ | 7.296% | 7.220% | ▼ -0.076 |
| Product-specific rate pages: 30-year fixed · 5/1 ARM · FHA loans · all loan types | |||
| All figures are national averages of the APR real licensed institutions are actually quoting to borrowers, not published rate sheet estimates or teaser rates. This report compares October 26 with October 20; FHA, VA, 3/1 ARM, and 7/1 ARM are compared with October 19. Source: MonitorBankRates.com. | |||
The 10-year Treasury yield fell to 4.96% on October 22
The 10-year Treasury yield was 5.01% on the day of the Fed's September 16 rate increase, 5.29% on September 30, 5.31% on October 5, 5.10% on October 15, 5.15% on October 19, and 4.96% on October 22, the latest reading in the Federal Reserve's published series for this report. Fixed mortgage rates are priced from long-term Treasury yields rather than from the Federal Reserve's benchmark rate, which has been 3.75% to 4.00% for the 40 days since September 16. The daily series on our mortgage rate trends page shows the same period.
Mortgage calculators start from the current average
Our mortgage calculator recalculates its example from the current MonitorBankRates average every time the page loads, drawing on rates published by more than 8,000 banks and credit unions. State versions come prefilled with that state's average rate, median home value, property taxes, and homeowners insurance; the California mortgage calculator loads that state's figures. The rent vs. buy calculator compares the monthly cost of renting a home with the cost of owning one at the current average rate.
Homeowners insurance is part of the monthly payment at closing
Lenders require proof of homeowners insurance at closing, and the insurance premium is part of the monthly payment alongside principal, interest, and property taxes. Our MBR Home Insurance Burden Index ranks all 50 states by how heavily insurance weighs on homeowners, and Texas buyers can compare carriers in our Texas homeowners insurance guide.
Mortgage averages for all nine loan types as of October 26
The average 30-year fixed APR is 7.294% and the 15-year fixed average is 6.840%. Four of the nine average APRs are above 7.00%. The APR any borrower is quoted depends on the lender, the loan file, and the property.
Mortgage rate questions for October 26
What are mortgage rates this week?
The average 30-year fixed mortgage APR is 7.294% as of October 26, 2026, down 0.044 points from 7.338% on October 20. The average 15-year fixed APR is 6.840%.
Which mortgage averages are above 7.00%?
FHA at 7.638%, 30-year jumbo at 7.302%, 30-year fixed at 7.294%, and VA at 7.220%. The same four were above 7.00% a week earlier.
Which mortgage averages fell the most?
FHA APRs fell 0.094 points to 7.638%, VA APRs fell 0.076 points to 7.220%, and 15-year jumbo APRs fell 0.071 points to 6.872%.
What was the 10-year Treasury yield?
4.96% on October 22, after 5.15% on October 19, according to the Federal Reserve's published series.
Data Coverage & Methodology
All averages in this report are calculated from rates collected directly from institution websites by MonitorBankRates.com's proprietary systems, tracking what real licensed institutions are actually quoting to borrowers, not published rate sheet estimates or teaser rates.
As of October 26, 2026, these averages were calculated from 2,928 individual rates verified across all 9 loan types; the latest collection ran October 26, 2026. The table below shows how many lenders reported rates for each loan type.
| Loan Type | Institutions | Rates Verified |
|---|---|---|
| 30-Year Fixed | 509 | 1,020 |
| 15-Year Fixed | 501 | 786 |
| 3/1 Conventional ARM | 66 | 101 |
| 5/1 Conventional ARM | 162 | 249 |
| 7/1 Conventional ARM | 212 | 346 |
| 30-Year Jumbo | 62 | 86 |
| 15-Year Jumbo | 22 | 28 |
| FHA Loans | 105 | 158 |
| VA Loans | 97 | 154 |
| Total | 2,928 |
This report is for general information and is not financial advice. The rate any borrower receives depends on their credit profile, location, loan size, and points paid; confirm current pricing with lenders before making decisions.
