Truth Check/1 October 2026

“The 30-year fixed-rate mortgage averaged 7.28% as of October 1, 2026, up from last week when it averaged 7.03%”

The claim as it travelled: Freddie Mac, 1 Oct 2026.

Holds

The claim holds against the page that produced it.

The sentence is Freddie Mac's own PMMS release; its history file shows the last reading at or above it was 7.29% in November 2023.

Checked Against: freddiemac.com ↗Primary
Read the Check: US 30-year mortgage rate jumps a quarter point in a week to 7.28%, Freddie Mac says - the highest since November 2023 and the sharpest weekly rise since October 2022
Up from 7.03% last week and 6.34% a year ago; the 15-year rate is 6.60%. Freddie Mac's own history file puts the last higher reading at 7.29% on 22 November 2023, two years and ten months ago - the figure coverage calling it 'a 3-year high' is rounding up.

Every claim checked against the page that produced it.

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