Market Flux Event
US 30-Year Mortgage Rate Falls to 7.32% in First Decline in Nine Weeks
Read this in the Market Flux appThe average rate on a 30-year fixed mortgage dropped to 7.32% in the week ending October 22, down from 7.40% the prior week, according to Freddie Mac. The decline marks the first weekly decrease in nine weeks and offers modest relief to a housing market that has been under sustained pressure from elevated borrowing costs.
The 15-year fixed mortgage rate also edged lower, falling to 6.68% from 6.71% the prior week. Despite the pullback, rates remain sharply higher than a year ago, when the 30-year average stood at 6.19%, a gap of more than a full percentage point that continues to weigh on affordability and home sales activity.
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Sources
- DeItaoneU.S. 30-YR FIXED RATE MORTGAGE AVERAGES 7.32 PCT IN OCT 22 WEEK VS 7.40 PCT PRIOR WEEK-FREDDIE MAC
- FinancialjuiceUS 30-year fixed mortgage rate falls to 7.32% in Oct 22 week vs 7.40% prior week - Freddie Mac
- MarketsdayU.S. 30-YR FIXED RATE MORTGAGE AVERAGES 7.32 PCT IN OCT 22 WEEK VS 7.40 PCT PRIOR WEEK-FREDDIE MAC
- Ny TimesMortgage Rates Remain Above 7%, Pushing Home Prices Lower in Some Areas
- LiveSquawkUS 30-Year Freddie Mac Fixed Rate Mortgages 22-Oct Wk: 7.32% (prev 7.40%) - 15-Year Freddie Mac Fixed Rate Mortgages: 6.68% (prev 6.71%)
- MaceNewsMacroUS FREDDIE MAC 30-YEAR MORTGAGE RATE AVERAGES 7.32% IN LATEST WEEK VS. 7.40% LAST WEEK, 6.19% IN YEAR-AGO WEEK #mortgages #housing #InterestRates
- Seeking AlphaFannie Mae, Freddie Mac soar after comments from Pershing's Bill Ackman
- Marketwirenews$FMCC - Mortgage Rates Decrease to 732 MCLEAN, Va., Oct. 22, 2026 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey ® (PMMS ® ), showing the 30-year fixed-rate mortgage (FRM) averaged 7.32%. “The average 30-year fixed-rate mortgage declined th... News & Disclaimer
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- BusinessMortgage rates fell for the first time in nine weeks, providing little comfort to sellers facing the slowest US housing market in at least 25 years
- SquawkStreet"It's absolutely politically critical for Fannie and Freddie to be released from conservatorship before the end of the Trump administration." @BillAckman is bullish on $FNMA and $FMCC – here's why:
- ETMarketsAverage long-term #USmortgage rate eases to 7.32% in first pullback since late August
- NasdaqConsensus Price Target for PennyMac Mortgage Investment Trust - Preferred Stock Increased 14.06% to $25.08
- CNBCPershing Square CEO Bill Ackman reiterated his bullish stance on Fannie Mae and Freddie Mac, of which he is large shareholder in. “These stocks will go up tenfold. and that’s you know, that’s the most asymmetric investment I’m aware of in the stock market,” Ackman told CNBC’s “Squawk on the Street” on Thursday. “These entities have fully rebuilt their capital. What’s not, I think, well understood is Fannie and Freddie today have five times the capital they had historically.” Watch the full interview: