Freddie Mac survey shows 30-year fixed mortgage rate averages 7.40%
FMCC•Freddie Mac’s weekly survey showed the 30-year fixed mortgage rate averaged 7.40% as of Oct. 8, up from 7.28% the prior week and 6.30% a year earlier. The 15-year rate averaged 6.73%, compared with 6.60% the prior week and 5.53% a year earlier.
1. Mortgage rates rise
Freddie Mac’s weekly survey showed the 30-year fixed-rate mortgage averaged 7.40% as of Oct. 8, up from 7.28% the prior week and 6.30% a year earlier. The 15-year fixed-rate mortgage averaged 6.73%, up from 6.60% the prior week and 5.53% a year earlier.
