Markets, money, and the policy that moves them.
Back issue · Thursday, October 22, 2026 · as it ran
The FED & the Economy
By Nadia Okonkwo · 2w
30-year mortgage rate falls to 7.32%
The benchmark home loan rate declined 0.08 percentage points over the week ending 22 October 2026.
By Nadia Okonkwo · 2wThe 30-year fixed mortgage rate printed at 7.32% on 2026-10-22, down from 7.40% one week earlier. The reading comes from FRED, the Federal Reserve Bank of St. Louis public data feed.
This marks an 0.08 percentage point decline in the benchmark rate.
Separate reporting filed the same day notes that a full quarter point reduction in mortgage rates saves the typical borrower approximately $50 to $60 per month.
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