10/08/2026
Mortgage Rates Average 7.40%
Stop shopping for just a house. Start shopping for a DEAL
Look for the home that's been sitting for 30, 60 or 90 days
Look for the price reduction
The seller who's already moved
The builder carrying inventory and a construction loan payment
When you find your opportunity; don't just negotiate the price, negotiate the entire transaction.
A better price, Seller credits to pay closing costs, Repairs to the home, Closing date, even temporary or permanent rate buydowns to lower your monthly payments and improve the budget!
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• The 30-year fixed-rate mortgage averaged 7.40% as of October 8, 2026, up from last week when it averaged 7.28%. A year ago at this time, the 30-year FRM averaged 6.30%.