US Mortgage Rates Edge Lower on October 13, 2026
The 30-year fixed mortgage rate slipped to 7.46%, down 0.02 percentage points daily and 0.10 points weekly. The 15-year fixed rate was 7.14%, while the 30-year jumbo rate stood at 7.62%. Rates remain well above their 52-week lows but have retreated from recent highs.
On October 13, 2026, the 30-year fixed average was 7.46%, two basis points below the prior day and ten basis points lower over a week. The 15-year fixed stood at 7.14%, while the 30-year jumbo was 7.62%. Other averages included 30-year FHA at 7.13%, 30-year VA at 7.15%, and a 7/6 SOFR ARM at 6.88%.
Compared with a month and a year earlier, most listed products were higher. Even so, current levels remain under their 52-week highs and about 130 to 170 basis points above their 52-week lows, pointing to persistent swings.
These rates could shape housing affordability for prospective buyers, current owners considering refinancing, and sellers setting expectations. A 7.46% 30-year average may keep monthly payments elevated, potentially limiting some budgets and cooling demand. The lower adjustable-rate quote might appeal to borrowers willing to accept future reset risk. If rates continue easing, more households may re-enter the market; if they stay high, renting and delayed purchases could remain common. The broader effect may be gradual rather than immediate.