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    3. Real Estate
    4. mortgage
    5. A snapshot of today's mortgage market.
    1 min
    A snapshot of today's mortgage market.
    Real Estate

    A snapshot of today's mortgage market.

    AAuthor
    October 8, 2026

    30-Year Fixed PMMS: 7.28% ▲ from 7.03%
    Freddie Mac's October 1 average increased 25 basis points compared to the previous week. Today's update is scheduled for noon Eastern.

    Total Mortgage Applications: 4.2% ▼ Weekly

    Purchase Applications: 2% ▼ Weekly | 15% ▼ Year Over Year

    Refinance Applications: 8% ▼ Weekly | Refi Share: 37.0% ▼ from 38.3%

    Existing-Home Sales: 3.98 Million Annual Pace ▼ 2.0% Monthly | 1.2% ▼ Year Over Year
    Nearly 4 million existing homes are still selling at an annualized pace.

    New-Home Sales: 684,000 Annual Pace ▲ 6.4% Monthly
    August new-home sales increased from July's revised pace of 643,000.

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    Brian Cavanaugh

    @briancavanaugh

    Senior Loan Officer & Branch Manager| NMLS # 441864

    With nearly 23 years in the mortgage industry, I love helping homebuyers and homeowners in Massachusetts navigate the loan process with confidence. Based in the Boston suburbs, I work with clients across the Greater Boston area. I specialize in jumbo loans, first-time homebuyer programs, and Affinity Mortgage Lending.

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    Brian Cavanaugh
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