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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 · Louisiana edition
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Why it matters locally: Rising mortgage rates directly affect housing affordability for prospective homebuyers across Louisiana, potentially slowing the real estate market statewide and increasing costs for those looking to purchase property.
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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