Mortgage Rates — 30 Yr. Fixed: 7.37% - October 16, 2026 — Today (Pacific Time)
US mortgage rates for October 16, 2026: 30-Yr Fixed at 7.37% (+0.04% daily, -0.11% weekly). 15-Yr Fixed at 7.04%. Full rate table and trends inside.
Current Mortgage Rates
| Product | Current | 1 day | 1 week | 1 month | 1 year | Low | High |
|---|---|---|---|---|---|---|---|
| 30 Yr. Fixed | 7.37% | +0.04% | -0.11% | +0.13% | +1.14% | 5.99% | 7.61% |
| 15 Yr. Fixed | 7.04% | +0.06% | -0.11% | +0.20% | +1.24% | 5.55% | 7.23% |
| 30 Yr. FHA | 6.99% | +0.01% | -0.16% | +0.17% | +1.01% | 5.62% | 7.25% |
| 30 Yr. Jumbo | 7.67% | +0.02% | +0.04% | +0.27% | +1.47% | 6.10% | 7.71% |
| 7/6 SOFR ARM | 6.81% | +0.02% | -0.09% | +0.12% | +1.10% | 5.29% | 6.95% |
| 30 Yr. VA | 7.01% | +0.01% | -0.16% | +0.17% | +1.02% | 5.64% | 7.25% |
Key Observations
Mortgage rates edged higher today, with the 15-year fixed posting the largest daily gain at +0.06%. Most products remain well above their 52-week lows, particularly jumbo rates near their yearly high of 7.71%, while the 7/6 SOFR ARM offers a notable 56-basis-point discount to the 30-year fixed. Weekly trends show modest improvement, with most products down slightly over the past seven days despite month-to-date increases of 0.12% to 0.27%.
This content is for informational purposes only and does not constitute financial advice. Rates shown are national averages and may vary by lender, credit score, and loan terms. Always consult with a qualified mortgage professional before making financial decisions.
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