FortuneGlen Luke Flanagan
Mortgage rates today, Oct. 1, 2026: Rates largely remain elevated after recent spike
The average interest rate for a 30-year, fixed-rate conforming mortgage loan in the U.S. is 7.433%, down slightly from the day before, according to data from Mortgage Research Center.
Meanwhile, the average rate for a 15-year, fixed-rate conforming mortgage loan is 6.634%, down slightly in the same time period.
Here’s a quick look at week-over-week rate changes.
Fortune reviewed the latest Mortgage Research Center data available on Sept. 30.
We ran the numbers through the mortgage calculator provided by the federal government’s Office of Financial Readiness. At the current rate of 7.433%, on a 30-year mortgage where you borrow $300,000, you’d pay roughly $450,200.28 in interest over the life of the loan.
On a 15-year mortgage with the same loan amount used for the estimate,…
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