Mortgage Rates Today, Friday, October 2: A Little Lower, Still Above 7%

September 29, 2026 · 1:37 pm 7 sources

Image: MarketWatch

Coverage

Coverage

• 30-year mortgage rate posts biggest jump in four years
  MarketWatch · October 1, 2026 16:06
  Mortgage rates surged to roughly a three-year high, a fresh setback for an already depressed housing market.
• This couple took out an adjustable-rate mortgage when rates were over 8%. Here’s how it worked out.
  MarketWatch · October 1, 2026 16:51
  Adjustable-rate mortgages have made a comeback as mortgage rates surge and buyers seek relief from high housing costs.

More coverage

• Mortgage Rates Today, Tuesday, September 29: Kind of a Big Jump
  NerdWallet · September 29, 2026 13:37
  TL;DR: Mortgage rates above 7% are the new normal.
• Mortgage Rates Today, Wednesday, September 30: Steadily Above 7%
  NerdWallet · September 30, 2026 14:04
  TL;DR: Mortgage rates are in a holding pattern today, and inflation is still running hot.
• Mortgage Rates Today, Thursday, October 1: Rates Rise Sharply
  NerdWallet · October 1, 2026 13:42
  TL;DR: Mortgage rates jumped today, giving house hunters an early dose of October sticker shock.
• Weekly Mortgage Rates Find a New Normal Above 7%
  NerdWallet · October 1, 2026 17:32
  As the cost of borrowing climbs, it’s OK to reevaluate your homebuying plans in the typically slow fall and winter months.
• Mortgage Rates Today, Friday, October 2: A Little Lower, Still Above 7%
  NerdWallet · October 2, 2026 14:19
  TL;DR: Mortgage rates dropped a bit today, but the relief is pretty minimal.