30-Year Mortgage Rates
Latest data: September 17, 2026 · Updated automatically from official sources
The 30-year fixed mortgage rate is the single biggest lever on housing affordability in the United States. Because it applies to the full loan balance for decades, a two-point swing changes the monthly payment on a typical home by hundreds of dollars — more than most local price movements. The rate tracked here is Freddie Mac’s weekly national average.
Latest readings
- 30-Yr Fixed Rate was 6.95% as of Sep 17, 2026, up 0.19 percentage points from the prior reading, versus 6.35% a year earlier — the highest since January 2025.
- 10-Yr Treasury Yield was 5.01% as of Sep 16, 2026, up 0.01 percentage points from the prior reading, versus 4.04% a year earlier — the highest since July 2007.
- Fed Funds Rate was 3.63% as of August 2026, unchanged from the prior reading, versus 4.33% a year earlier — the lowest since October 2022.
30-year fixed rate, last 5 years
Mortgage rate vs. 10-year Treasury
30-year fixed rate since 1971
What today’s rate means for a monthly payment
| When | Week of | Rate | Monthly payment | vs. today |
|---|---|---|---|---|
| Latest week | Sep 17, 2026 | 6.95% | $2,178 | — |
| 1 year ago | Sep 11, 2025 | 6.35% | $2,047 | −$131 |
| 3 years ago | Sep 14, 2023 | 7.18% | $2,229 | +$51 |
| 5 years ago | Sep 16, 2021 | 2.86% | $1,362 | −$815 |
| 10-year low | Jan 7, 2021 | 2.65% | $1,326 | −$852 |
| Record high | Oct 9, 1981 | 18.63% | $5,128 | +$2,950 |
Recent readings
| Period | 30-yr rate (month-end) | Change |
|---|---|---|
| Sep 2026 | 6.95% | +0.29 pp |
| Aug 2026 | 6.66% | 0.00 pp |
| Jul 2026 | 6.66% | +0.17 pp |
| Jun 2026 | 6.49% | -0.04 pp |
| May 2026 | 6.53% | +0.23 pp |
| Apr 2026 | 6.30% | -0.08 pp |
| Mar 2026 | 6.38% | +0.40 pp |
| Feb 2026 | 5.98% | -0.12 pp |
| Jan 2026 | 6.10% | -0.05 pp |
| Dec 2025 | 6.15% | -0.08 pp |
| Nov 2025 | 6.23% | +0.06 pp |
| Oct 2025 | 6.17% | -0.13 pp |
| Sep 2025 | 6.30% | — |
Key statistics
| Indicator | Latest | Year ago | 5-yr avg | Long-run avg | Record high | Record low | Data since |
|---|---|---|---|---|---|---|---|
| 30-Yr Fixed Rate | 6.95% | 6.35% | 6.18% | 7.68% | 18.63% (Oct 1981) | 2.65% (Jan 2021) | 1971 |
| 10-Yr Treasury Yield | 5.01% | 4.04% | 3.80% | 5.80% | 15.84% (Sep 1981) | 0.52% (Aug 2020) | 1962 |
| Fed Funds Rate | 3.63% | 4.33% | 3.64% | 4.59% | 19.10% (Jun 1981) | 0.05% (Apr 2020) | 1954 |
What sets mortgage rates?
Mortgage rates are not set directly by the Federal Reserve. Most U.S. mortgages are bundled into mortgage-backed securities and sold to investors, so rates follow long-term bond yields — especially the 10-year Treasury yield, because the typical mortgage is refinanced or paid off within about ten years. Lenders add a spread on top to cover credit risk, prepayment risk and their own costs. That spread has historically been around 1.5 to 2 percentage points, and it widens when markets are volatile.
The Fed influences mortgage rates indirectly: its policy rate and its purchases or sales of Treasury and mortgage-backed securities shift expectations for long-term yields.
About the Freddie Mac survey
Freddie Mac’s Primary Mortgage Market Survey has reported a weekly national average since 1971 and is released every Thursday. Since late 2022 it has been based on applications submitted to Freddie Mac from lenders across the country. The rate assumes a borrower with strong credit and a 20% down payment on a conventional, conforming loan — so many borrowers will be quoted a different rate depending on their credit score, down payment, points and loan type.
How the payment comparison is calculated
The payment table above uses the standard amortization formula for a 30-year fixed-rate loan. It applies each historical rate to the same loan amount — 80% of the latest median sales price of houses sold in the U.S. — so the only thing that changes between rows is the interest rate. Property taxes, homeowners insurance and mortgage insurance are not included.
Frequently asked questions
What is the average 30-year mortgage rate right now?
The latest Freddie Mac weekly average is shown at the top of this page and updates automatically after each Thursday release.
Does the Fed set mortgage rates?
No. The Fed sets a short-term policy rate. Mortgage rates follow long-term bond yields, particularly the 10-year Treasury, plus a spread charged by lenders and investors.
How much does a 1% rate change affect a mortgage payment?
On a 30-year loan, each additional percentage point raises the monthly principal-and-interest payment by roughly 10% to 12% at typical rate levels. The table above shows the exact difference for a median-priced home.
Related data
Data are retrieved automatically from the original statistical agencies (via the Federal Reserve Bank of St. Louis FRED database) and may be revised by the source. Year-over-year changes are calculated by econHQ. See About & methodology for details.