Today’s Mortgage Rates Firm Up on Inflation Report: Oct. 16, 2026
Today’s average interest rate on a 30-year purchase mortgage is 7.426%, which is lower than yesterday’s reading of 7.529%, according to Zillow data provided to U.S. News. For refinancing mortgages, today’s 30-year rate is 7.534%, and the current 15-year rate is 6.6%. This week’s consumer price index report showed that inflation rose at a slightly…