What’s actually slowing this PC down?
Pick the symptom - the matching free tool is one click away.
The average 30-year fixed mortgage rate was 7.47% APR on Thursday, October 8, 2026, according to the daily rate figure NerdWallet reported from data provided by Zillow. That was 4 basis points above the previous day and 6 basis points above a week earlier. It is a national snapshot—not a rate every borrower can expect to receive.
Mortgage rate snapshot for October 8
| Measure | Reported figure |
|---|---|
| 30-year fixed average | 7.47% APR, a Zillow-provided daily figure reported by NerdWallet on October 8, 2026 |
| Change from the previous day | 4 basis points higher, according to NerdWallet |
| Change from a week earlier | 6 basis points higher, according to NerdWallet |
A basis point is one hundredth of a percentage point. These figures describe the source’s reported national daily average; they are not a guaranteed consumer offer or a Freddie Mac weekly survey result. Individual rates depend on the borrower, loan, and property.
As an Amazon Associate I earn from qualifying purchases.
Why mortgage rates were higher
Bond markets shape mortgage pricing
Mortgage rates respond to inflation reports, employment data, Federal Reserve meetings, and global news. Thirty-year fixed mortgage pricing generally tracks the 10-year Treasury yield, in part because mortgages are packaged into mortgage-backed securities that compete for investors alongside bonds. Bond prices and yields move in opposite directions: when bond prices fall, yields rise, which can put upward pressure on mortgage rates.
Free tools Windows power users keep installed
One-click scans. No signup required.
The Federal Reserve does not set mortgage rates directly
The Fed influences the broader economy and bond markets, but it does not announce or directly set mortgage rates. NerdWallet’s October 8 report said minutes from the September Federal Reserve meeting indicated central bankers expected another rate hike during 2026. The report also attributed this conditional statement to Fed governor Christopher Waller after public remarks in Turkey: “if the economic data continue to come in as expected,” he anticipated the need for multiple rate hikes. The report did not establish exact timing, so the remark should not be read as a date-specific forecast.
#1 Best Overall
- Loan Amortization and Remaining Balances
- Instant Principal, Interest, Interest Only and Total Payments
- Future Values
- Date math function
Why is the rate I saw online different from the quote I got?
An online rate is often a sample based on specified assumptions, not a personalized offer. Sample pricing may assume strong credit, a large down payment, or paid mortgage points. A lender’s quote can also vary with your credit, debt-to-income ratio, employment history, down payment, loan type and amount, location, and property type. Even borrowers with similar credit scores may receive different offers.
Compare the full terms rather than choosing by the interest rate alone:
Rank #2
- SPEAKS YOUR LANGUAGE: Keys clearly labeled in residential mortgage finance terms like Loan AMT, Int, Term, PMT. This industry-standard calculator is super easy to use on all realty financing matters from finding a loan that works for your client to considering trust deeds investments, or finding remaining balances or balloon payments and much more
- CONFIDENTLY AND EASILY SOLVES: All your clients' financial questions whether they are buyers, sellers, investors or renters. Increase your perceived professionalism as a new agent, experienced broker or seasoned loan officer. Close more home sales and impress your clients with fast, accurate answers to all their real estate finance questions
- DEDICATED BUYER QUALIFYING KEYS: Enter client's income, debt and expenses to pre-qualify them to only show properties they can afford. Include tax, insurance and mortgage insurance then compare loan options and payment solutions to give your client choices before they make an offer to buy
- FIGURE OUT THE RIGHT LOAN: At the press of a button for jumbo, conventional, FHA/VA, or even 80:10:10 or 80:15:5 combo loans; check to see if ARMs or bi-weekly loans, quarterly payments or if interest-only payments are the answer; giving your client more choices; easily perform what if loan or tvm calculations Find loan amount, term, interest or PITI or PI payments
- BECOME AN INVALUABLE RESOURCE: Reduce your clients' confusion and uncertainty; ensuring they are able to make a purchase offer; knowing they can afford the down payment; and determining which is the right loan for them. Date-math for listings and contracts too. Comes with a protective slide cover, quick reference guide, pocket User's Guide, and long-life batteries
- Interest rate and APR: The interest rate affects scheduled interest; APR reflects the rate plus certain loan costs, making it a broader comparison measure.
- Points and lender fees: Determine whether points are included in the advertised pricing and compare lender charges.
- Loan type and term: Make sure offers cover the same mortgage type and repayment period.
- Monthly payment and cash to close: Check both the payment and the amount needed at closing.
- Rate-lock terms: Compare lock duration, any fees, and float-down conditions.
Get personalized quotes from multiple lenders using the same loan assumptions, then compare APR, fees, payment, cash to close, and lock terms side by side.
The Tool Desk
Outbyte Driver Updater FREEScan for outdated or missing drivers - takes under a minuteDriver Scan →Outbyte PC Repair FREERepair Windows errors before they cause bigger problemsFix Now →Should I refinance?
Start with your goal: a lower monthly payment, a shorter repayment term, or access to equity can point to different loan structures. Compare the full refinance costs with the likely savings, then calculate how long it would take for those savings to offset the costs.
Rank #3
- DEDICATED FUNCTION KEYS for Quick Financial Solutions: Clearly labeled function keys enable you to quickly and confidently provide financial answers and options for your clients, whether in the office, in the car or at an open house. Compare loan options and provide payment solutions to give your client choices
- INSTANT FINANCIAL PROBLEM SOLVING: Solve the financial questions your clients have whether they are buyers, investors or renters; increase your perceived professionalism and close more home sales by quickly answering real estate finance problems including remaining balances
- RESIDENTIAL REAL ESTATE FINANCE TERMS: Keys labeled in residential real estate finance terms like Loan AMT, Int, Term, PMT; Calculator is super easy to use to determine a mortgage loan that works for your client
- VERSATILE LOAN CALCULATION OPTIONS: Calculate 80:10:10 or 80:15:5 combo loans at the press of a button; check to see if ARMs or bi-weekly loans, quarterly payments or if interest-only payments are the answer; giving your client more choices
- COMES COMPLETE: Comes with a protective slide cover, quick reference guide, pocket user's guide, two long-life batteries, and 1-year warranty
A rate that is 0.5 to 0.75 percentage points below your current rate can be a screening rule of thumb, but it is not a universal refinance trigger or a guarantee that refinancing will save money. The result depends on closing costs, the new loan’s terms, how long you expect to keep it, and your financial goal.
Should I lock my rate?
If you have a quote you are comfortable with, consider asking the lender about locking it while your loan is processed. Rates can change daily or hourly, and a quote may change until a lock is secured. A lock can protect the quoted rate from increases during its stated term; some lenders offer a float-down if rates improve. Ask about the lock’s duration, fees, and the specific conditions for any float-down before deciding.
Rank #4
- SPEAKS YOUR LANGUAGE: Keys clearly labeled in residential mortgage finance terms like Loan Amt, Int, Term, Pmt; this industry-standard calculator is super easy to use on all realty financing matters from finding a loan that works for your client to considering trust deeds investments, or finding remaining balances or balloon payments and more
- CONFIDENTLY AND EASILY SOLVE: Clients' financial questions whether they're buyers, sellers, investors or renters. Increase your perceived professionalism as a new agent, experienced broker or seasoned loan officer. Close more home sales and impress your clients with fast, accurate answers to all their real estate finance questions from PITI Payments to IRR, NPV and Cashflows
- DEDICATED BUYER QUALIFYING KEYS: Enter client's income, debt and expenses to pre-qualify them to only show properties they can afford. Include tax, insurance and mortgage insurance then compare loan options and payment solutions to give your client choices before they make an offer to buy
- FIGURE OUT THE RIGHT LOAN: For your client at the press of a button for jumbo, conventional, FHA/VA, or even 80:10:10 or 80:15:5 combo loans; check to see if ARMs or bi-weekly loans, quarterly payments or if interest-only payments are the answer; giving your client more choices; easily perform what if loan or TVM calculations find loan amount, term, interest or PITI or PI payments
- BECOME AN INVALUABLE RESOURCE: To your clients by reducing their confusion and uncertainty; ensuring they are able to make a purchase offer; knowing they can afford the down payment; and determining which is the right loan for them. Date-math for listings and contracts too. Comes with a protective slide cover, quick reference guide, pocket user's guide, and long-life battery
Is now the right time to buy?
There is no universal answer based on a single day’s rate. Check whether the payment works for your budget at current rates, seek preapproval, and compare lenders. Build your budget around the rate available to you now rather than relying on a future decline.
Quick Recap
Best Value
- Extra large 12-digit angled display.
- Loan Wizard.
- Automatic Tax Keys.
- Selectable decimal setting.
- Input any three loan variables to compute the fourth.
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
