# U.S. 30-Year Mortgage Rate Reaches 7.40% for Seventh Week By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/28312 Published: 2026-10-08T16:33:00.000Z Updated: 2026-10-08T16:33:00.000Z Section: Investing > The average fixed rate rose from 7.28% last week and reached 7.40% as of Oct. 8, nearing 7.5%. The average U.S. 30-year fixed mortgage rate rose to 7.40% as of Oct. 8, extending its weekly increase streak to seven and bringing borrowing costs closer to 7.5%. The rate climbed from 7.28% a week earlier. It was 6.30% during the same period last year. The latest increase follows a [separate 7.30% mortgage-rate reading](). The two figures come from different surveys and are not directly interchangeable. The rate’s next weekly reading will show whether the seven-week climb continues. ## Links in this article - [separate 7.30% mortgage-rate reading](https://www.tokenpost.com/news/investing/25748)