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30-Year Mortgage Rate Reaches 7.28 Percent, Freddie Mac Reports
The average rate for a 30-year fixed-rate mortgage increased to 7.28%, according to Freddie Mac. This figure represents the highest level for the benchmark mortgage in nearly three years.
10/02/2026 · Ohio edition
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Why it matters locally: The increase in 30-year mortgage rates could affect Ohio's housing market, potentially impacting affordability and the volume of home sales for residents across the state.
The average interest rate for a 30-year fixed-rate mortgage reached 7.28% on Thursday, Freddie Mac reported. This new figure marks the highest point for the benchmark mortgage in almost three years. A year prior, the average rate stood at 6.34%. Freddie Mac, a government-sponsored enterprise that purchases mortgages from lenders, releases weekly updates on mortgage rates. These rates serve as a common reference point for prospective homebuyers and the housing market.Related Topics
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