Fed holds at 3.75–4%, 10–2, with two votes for a hike
The October 28, 2026 FOMC kept the range at 3-3/4 to 4 percent; Cook and Hammack wanted a quarter point more. Next morning: GDP +3.4%, PCE inflation 3.6%.
Economy · Indicator
Housing 7.40%
The data feed reports an observation dated 5 Nov 2026, newer than this release. It has not been written up yet, so this page still shows 30-year fixed mortgage rate, week of 15 Oct 2026. It is not out of date — it is the most recent release we have verified.
The 30-year fixed averaged 7.40% in the week to 15 October, unchanged on the week and up from 6.27% a year earlier. The 15-year averaged 6.71%.
| 30-year fixed | 7.40% |
|---|---|
| 15-year fixed | 6.71% |
| Previous week | 7.40% |
| A year earlier | 6.27% |
| Fed funds target | 3.75–4.00%, since 16 September |
| Why it matters | On a $400,000 loan the payment at 7.40% is $2,769.52 a month, $301.44 more than at the year-earlier rate. The survey follows the 10-year Treasury, which was 5.19% on October 14. |
Earlier releasesEach one preserved as published. We add a release rather than edit one.
Related analysis
Fiscal 2026 deficit $1,992.5bn, up 12%; interest cost $1,051.8bn
The year-end Treasury ledger shows receipts up 3.2%, outlays up 5.5% and the deficit up $217.1bn on fiscal 2025. Interest took 19.5¢ of each receipt dollar.
Q3 GDP lands October 29. First estimates move 0.58 points on average
BEA's advance estimate of July–September 2026 GDP is scheduled for October 29. A guide: three estimates, the annualizing formula, what is already known.
Sources
- Mortgage Rates Hold Steady at 7.40% (news release, October 15, 2026)Freddie Mac · Oct 16, 2026 · Primary source