FX.co ★ US Mortgage Rates Drop for 2nd Week

The average rate on a 30-year fixed-rate mortgage in the United States was 7.24% as of October 29, 2026, down from 7.32% the previous week, but still above 7%. This is the second straight weekly decline and aligns with the recent drop in US Treasury yields since the beginning of the month, as mortgage rates typically move in tandem with these benchmark government securities. One year earlier, the 30-year fixed-rate mortgage averaged 6.17%. The 15-year fixed-rate mortgage averaged 6.60%, down from 6.68% the week before.