US 30-Year Mortgage Rates Hold Steady at 7.40% Amid Elevated Treasury Yields

U.S. mortgage rates remained unchanged with the 30-year fixed-rate mortgage averaging 7.40% as of October 15, 2026, according to Freddie Mac. Borrowing costs remain elevated compared to 6.27% a year earlier. Meanwhile, the 15-year fixed rate edged down to 6.71% from 6.73% the prior week. The stabilization follows a steep multi-week climb from 6.76% on September 10 to 7.40% in early October, mirroring a rise in the 10-year Treasury yield from 4.95% to 5.22%. Elevated borrowing costs continue to pressure housing affordability and consumer balance sheets.