Freddie Mac reports 30-year fixed mortgage rate at 7.28%
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How it started
What happened
Freddie Mac reported that the average 30-year fixed rate recently reached 7.28%. This rate is higher than the 7.03% reported the previous week and 6.34% during the same period a year earlier. Kevin Hassett, Director of the National Economic Council, stated that mortgage rates should fall quickly if inflation moves toward 1% or 2%.
From indiatimes.com
Why it matters
The rate increase, according to Freddie Mac, reflects current housing market conditions. Kevin Hassett pointed to rising housing starts and permits as signs of economic strength, suggesting that relief in mortgage rates is anticipated.
From indiatimes.com
Who's involved
- Freddie MacProvides mortgage rate information for the housing finance market
- National Economic CouncilUses Freddie Mac's rate information to inform its economic outlook
- Kevin HassettDirector of the National Economic Council, commenting on rate trends
How it developed
Newest first. Tap a step to see who reported it.- Freddie Mac provided rate data that was referenced by Kan on October 14, 2026.Sub-event
NEC uses Freddie Mac data for economic outlook.1 source
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The entities involved
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National Economic Council
United States federal government body chaired by the president for consideration of economic issues
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Freddie Mac
American government-sponsored enterprise
Related events
- Both Freddie Mac and the Mortgage Bankers Association reported on mortgage market trends on May 20, 2026.
- CNBC reported on mortgage rates from Freddie Mac, and Intercontinental Exchange monitors these rates using the data.
- Annaly Capital Management and Ladder invested in Agency MBS guaranteed by Freddie Mac.
- Mortgage rates reported by Freddie Mac are affecting the local housing market in Indiana.
- CNN reported Freddie Mac data, while TD Securities data commissioned by Morning Consult was also noted.