Brian McKay
Brian McKay
Co-Founder & Lead Data Architect- Automated Online Rate Data Aggregation
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Average 30-Year Mortgage Now at 7.356% APR as the 30-Year Note Rate Passes 7.00%
The average APR on a 30-year fixed mortgage is 7.356%, up from 7.175% a week earlier. The average 30-year note rate rose 0.184 points to 7.167%, and all nine averages we track rose for a third straight week. 65.0% of 30-year fixed rates in our data are above 7.00%.
Average home loan rates rose on all nine products we track for a third straight week. Measured by APR, which includes points and lender fees, the 30-year average is 7.356%, up from 7.175% a week earlier. The average 30-year note rate rose 0.184 points to 7.167%, above 7.00%, and 15-year fixed mortgage rates rose 0.131 points to 6.649%. FHA mortgage rates rose 0.219 points and 30-year jumbo rates 0.203 points, the largest changes of the nine. Of the 700 30-year fixed rates in our data, 455, or 65.0%, are above 7.00%.
Key takeaways
- The average 30-year APR is 7.356%; the average note rate rose 0.184 points to 7.167%, an eighth straight increase that adds about $50 a month to the payment on a $400,000 loan.
- 455 of 700 30-year fixed rates in our data, 65.0%, are above 7.00%, as are 912 of 2,542 rates across all nine products, 35.9%.
- All nine averages rose for a third straight week; FHA rates rose 0.219 points to 6.975% and 30-year jumbo rates 0.203 points to 7.311%, the largest changes of the nine.
- The 30-year note-rate average has risen from 6.545% on September 8 to 7.167%, adding about $166 a month on a $400,000 loan over that stretch.
- The 10-year Treasury yield closed at 5.24% on October 1, after 5.29% on September 30 and 5.17% on September 25; it was 5.01% on the day of the Fed's September 16 rate increase.
The average 30-year mortgage APR is 7.356%
Conventional mortgage rates, national average APR since April 13
Average APRs from MonitorBankRates.com's nightly collection, updated daily. The figures in the text and table below are average note rates, which run below APR.
The average 30-year APR was 6.995% on September 21, 7.175% on September 28, and is 7.356% this week. The average 30-year note rate rose 0.184 points to 7.167%, an eighth straight increase in our reports; the increases in September and October have each been larger than the one before: 0.126, 0.138, 0.174, and 0.184 points. Since our September 8 report the average has risen 0.622 points, from 6.545% to 7.167%. 15-year fixed mortgage rates rose 0.131 points to 6.649%, a 6.854% APR. In payment terms, this week's move added about $50 a month to principal and interest on a $400,000 30-year loan, and the increases since September 8 have added about $166 a month combined.
Adjustable-rate averages rose as well. 5/1 ARM rates added 0.128 points to 6.323%, 7/1 ARM rates rose 0.150 points to 6.496%, and 3/1 ARM rates rose 0.098 points to 6.017%, the lowest average of the nine. The 3/1 ARM figure comes from the smallest ARM pool we track, 61 lenders this week. APRs on the three ARMs are 6.655%, 6.776%, and 6.870%.
65% of 30-year fixed rates in our data are above 7.00%
Of the 700 30-year fixed rates in our data this week, 455, or 65.0%, are above 7.00%. By lender, 300 of the 420 institutions with a 30-year fixed rate in our data, or 71.4%, have at least one rate above 7.00%. Across all nine products, 912 of 2,542 rates, or 35.9%, are above 7.00%.
| Loan Product | Rates in Data | Above 7.00% | Share Above 7.00% |
|---|---|---|---|
| 30-Year Fixed | 700 | 455 | 65.0% |
| 30-Year Jumbo | 241 | 115 | 47.7% |
| FHA Loans | 136 | 58 | 42.6% |
| VA Loans | 198 | 78 | 39.4% |
| 15-Year Jumbo | 184 | 51 | 27.7% |
| 15-Year Fixed | 594 | 103 | 17.3% |
| 7/1 Conventional ARM | 197 | 27 | 13.7% |
| 5/1 Conventional ARM | 233 | 23 | 9.9% |
| 3/1 Conventional ARM | 59 | 2 | 3.4% |
| All nine products | 2,542 | 912 | 35.9% |
| Counts are individual rates, not weighted by loan volume, and cover rates strictly above 7.00%. They come from a separate query that matches products by name, so the record totals differ from those in the Data Coverage table below. Source: MonitorBankRates.com. | |||
Among 30-year jumbo rates, 115 of 241, or 47.7%, are above 7.00%, and 69 of the 100 institutions, or 69.0%, have at least one. For FHA loans, 58 of 136 rates, or 42.6%, are above 7.00%, with 42 of 90 institutions, or 46.7%, offering at least one. For VA loans, 78 of 198 rates, or 39.4%, are above 7.00%, and 55 of 99 institutions, or 55.6%, have at least one. 103 of 594 15-year fixed rates, or 17.3%, are above 7.00%, and no ARM product has more than 13.7% of its rates above that level.
Jumbo, FHA and VA rates all rose
30-year jumbo mortgage rates rose 0.203 points to 7.311%, a 7.409% APR, and 15-year jumbo rates rose 0.139 points to 6.763%. Jumbo averages come from the smallest lender pools we track, 50 lenders for the 30-year and 27 for the 15-year this week.
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; the VA table figures below are verified.
FHA mortgage rates rose 0.219 points to 6.975%, a 7.658% APR, and VA mortgage rates rose 0.177 points to 7.000%, a 7.311% APR. The rate an individual borrower gets depends on the lender and the loan file as well as the program. Buyers comparing local offers can line up New York mortgage rates against these national averages.
Weekly change by loan type (percentage points)
Average note rates, September 28 to October 5. Red bars rose.
Mortgage rates this week: September 28 vs. October 5
| Loan Product | September 28 Avg | October 5 Avg | Weekly Change |
|---|---|---|---|
| Conventional Fixed-Rate Mortgages | |||
| 30-Year Fixed ▲ | 6.983% | 7.167% | ▲ +0.184 |
| 15-Year Fixed ▲ | 6.518% | 6.649% | ▲ +0.131 |
| Conventional Adjustable-Rate Mortgages (ARM) | |||
| 3/1 Conventional ARM ▲ | 5.919% | 6.017% | ▲ +0.098 |
| 5/1 Conventional ARM ▲ | 6.195% | 6.323% | ▲ +0.128 |
| 7/1 Conventional ARM ▲ | 6.346% | 6.496% | ▲ +0.150 |
| Jumbo Fixed-Rate Mortgages (Above Conforming Limits) | |||
| 30-Year Jumbo ▲ | 7.108% | 7.311% | ▲ +0.203 |
| 15-Year Jumbo ▲ | 6.624% | 6.763% | ▲ +0.139 |
| Government-Backed Loans | |||
| FHA Loans ▲ | 6.756% | 6.975% | ▲ +0.219 |
| VA Loans ▲ | 6.823% | 7.000% | ▲ +0.177 |
| Product-specific rate pages: 30-year fixed · 5/1 ARM · FHA loans · all loan types | |||
| All rates are national averages of what real licensed institutions are actually quoting to borrowers, not published rate sheet estimates or teaser rates. Rates are not APR. This report compares October 5 with September 28. Source: MonitorBankRates.com. | |||
How the 10-year Treasury yield and mortgage rates have moved
The 30-year note-rate average was 6.545% on September 8, 6.671% on September 14, 6.809% on September 21, 6.983% on September 28, and is 7.167% in this report. Fixed mortgage rates are priced from long-term Treasury yields rather than from the Federal Reserve's benchmark. The 10-year Treasury yield was 5.01% on the day of the Fed's September 16 rate increase, 5.17% on September 25, 5.29% on September 30, and closed at 5.24% on October 1. The benchmark rate has been 3.75% to 4.00% since September 16, and the daily series on our mortgage rate trends page shows the same climb through the period.
Principal and interest on $400,000 at 7.167%
At 7.167%, principal and interest on a $400,000 30-year loan run about $2,706 a month, up roughly $50 from last week's average and about $166 from the September 8 average. Our mortgage calculator works from this same live data: its example recalculates 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 of the calculator come prefilled with that state's average rate, median home value, property taxes, and homeowners insurance; the Florida mortgage calculator and the New York mortgage calculator load those states' figures. The mortgage affordability calculator estimates the home price a given income and monthly budget can carry at the current average rate.
Homeowners insurance is part of the monthly payment
Lenders require proof of homeowners insurance at closing, and the cost 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 Florida buyers can compare carriers in our Florida homeowners insurance guide.
Mortgage averages on October 5
The average 30-year APR is 7.356%, with the 30-year note-rate average at 7.167% and 15-year fixed rates at 6.649%. 65.0% of 30-year fixed rates in our data are above 7.00%. The rate any borrower is quoted depends on the lender, the loan file, and the property.
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 5, 2026, these averages were calculated from 3,040 individual rates verified across all 9 loan types; the latest collection ran October 5, 2026. The table below shows how many lenders reported rates for each loan type.
| Loan Type | Institutions | Rates Verified |
|---|---|---|
| 30-Year Fixed | 394 | 779 |
| 15-Year Fixed | 358 | 583 |
| 3/1 Conventional ARM | 61 | 85 |
| 5/1 Conventional ARM | 317 | 918 |
| 7/1 Conventional ARM | 181 | 300 |
| 30-Year Jumbo | 50 | 71 |
| 15-Year Jumbo | 27 | 36 |
| FHA Loans | 90 | 136 |
| VA Loans | 83 | 132 |
| Total | 3,040 |
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.
