Social Media Post - October 2026 Mortgage Rates at a 3-Year High

The national average 30-year mortgage rate just hit 7.28% for the week ending October 1, per Freddie Mac. That is the highest it has been since November 2023, up from 7.03% the prior week and 6.34% a year ago.

We know that headline is unsettling, so here is the honest, numbers-first version for NW Metro Atlanta:

On a $320,000 loan, today's rate adds about $55 a month versus last week and about $185 a month versus a year ago. That is real money, and we are not going to pretend otherwise.

What is also true: foreclosure-grade inventory is not a thing here, but buyer inventory is the highest it has been in years, prices are running roughly flat to modestly lower year over year, and forecasters (Fannie Mae and the MBA) still expect rates to ease toward the high-6s over the next year or two. Rates can be refinanced. A home's location cannot.

And if you are a first-time buyer, know this: Georgia Dream is offering a 6.375% 30-year fixed rate with up to $10,000 in down payment assistance right now.

The bottom line: do not let a single weekly rate print make a decade-long decision for you. We would love to run the numbers for your city and your price range. No pressure, no obligation.

Have a great day.

Mortgage rates just hit their highest level since 2023: 7.28% for the week ending October 1.

Here is the honest truth for NW Metro Atlanta: that adds about $55 a month versus last week and about $185 a month versus a year ago on a typical loan. It is real, and we will never pretend otherwise.

But here is what is also real: inventory is higher than it has been in years, prices are roughly flat to modestly lower year over year, and Fannie Mae and the MBA both expect rates to ease toward the high-6s over the next year or two. Rates can be refinanced. Your location cannot.

First-time buyers: Georgia Dream is at 6.375% with up to $10,000 down payment assistance right now.

Do not let one weekly number make a decade-long decision for you. We will run your numbers, your city, your price range. Link in bio to read the full guide.

Have a great day.