# U.S. 30-Year Mortgage Rate Holds at 7.40% as Demand Stays Soft By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/32881 Published: 2026-10-16T00:11:06.000Z Updated: 2026-10-16T00:11:06.000Z Section: Investing > The average rate was unchanged from the prior week and above its 6.27% level a year earlier. The average U.S. rate for a 30-year fixed mortgage was 7.40% on Oct. 15, unchanged from the prior week and above its level a year earlier. Affordability challenges and dampened demand persisted. The rate stood at 6.27% during the same period last year. The latest reading follows [an earlier mortgage-rate update](). ## Links in this article - [an earlier mortgage-rate update](https://www.tokenpost.com/news/investing/30763)