Fact-check · Oct 7, 2026 · Donald Trump
“The mortgage rate today rose 7.49%. That's... The highest of your second term”
TRUE
What the record shows
Mortgage Bankers Association reported 30-year fixed mortgage rate at 7.49% in early October 2026, highest since Trump's second term began January 2025.
MBA survey confirms 7.49% rate; Freddie Mac data shows rates have risen throughout 2026 from 6.01% in February to 7.28% by October 1, making this the highest of the second term.
Sources
- Mortgage Rates Officially Hit 7.5%
- Will Interest Rates Go Down in September?
- Mortgage rates today, Oct. 6, 2026
- Mortgage and refinance rates today, Tuesday, October 6, 2026: Mortgage rates mixed as fewer expect higher rates in October
- Today's Mortgage Rates, October 5: Refinance Rates Drop Below Purchase Rates
- Today's Current Mortgage Rates: October 6, 2026
From: President Trump Makes an Announcement, Oct. 7, 2026
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