https://www.live-feeds.com/feed/average-long-term-us-mortgage-rate-holds-at-7-4-remaining-at-highest-level-in-nearly-3-yearsContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/average-long-term-us-mortgage-rate-holds-at-7-4-remaining-at-highest-level-in-nearly-3-yearshttps://www.live-feeds.com/feed/average-long-term-us-mortgage-rate-holds-at-7-4-remaining-at-highest-level-in-nearly-3-years#u134549Mon, 19 Oct 2026 04:36:47 +0000The average long-term US mortgage rate remained steady at 7.4% as of October 15, 2026. Freddie Mac reports the benchmark 30-year fixed-rate mortgage is unchanged from the previous week, maintaining a peak not seen in nearly three years. This stagnation in rates is making homeownership less accessible for many buyers and contributing to a K-shaped housing market where outcomes diverge sharply based on financial standing. While current rates are flat, Fannie Mae has significantly increased its mortgage rate projections for 2027.Why it mattersHigh borrowing costs create a barrier for new buyers w