# A snapshot of today's mortgage market.

By Brian Cavanaugh (@briancavanaugh) · Published 2026-10-08

Canonical: https://voce.com/@briancavanaugh/snapshot-today-mortgage-market-x62m5n

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**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.