Nov 3, 2026 · 3 min read · Northern Virginia
Mortgage Rates Dipped to 7.24%: What It Means in Arlington
Where are mortgage rates this week?
Freddie Mac's average 30-year fixed rate was 7.24% on October 29, 2026, down from 7.32% the week before. A year earlier it was 6.17%.
The Mike Webb Team (Mike and Claudia Webb, RE/MAX Allegiance) helps homeowners in Arlington, Northern Virginia, Maryland, and Washington, DC get their homes ready to sell and sold.
What did Freddie Mac report?
For the week of October 29, 2026, Freddie Mac's survey showed the 30-year fixed rate averaging 7.24%, down from 7.32% a week earlier and up from 6.17% a year earlier. The 15-year fixed rate averaged 6.60%, down from 6.68%. Source: Freddie Mac Primary Mortgage Market Survey.
What does 7.24% mean for a monthly payment?
For every $100,000 you borrow on a 30-year fixed loan, principal and interest come to about $681.50 a month at 7.24%. At last week's 7.32%, it was about $686.93. At last year's 6.17%, it was about $610.52. These numbers do not include taxes, insurance or condo or HOA fees, and your own rate depends on your loan and credit. Ask a lender for a quote, and compare rates with the CFPB's rate tool.
What is happening with Arlington prices?
According to Bright MLS, Arlington's median sale price for July through September 2026 was up 11.1% from a year earlier. In September 2026, Arlington had about 3.9 months of supply, up from 3.0 a year earlier, so buyers have more homes to choose from than they did last year.
What does this mean if I am buying?
A small dip in rates helps a little, and more homes for sale can mean more time to decide. Get pre-approved first so you know your budget. If rates matter most to you, read Mortgage Points and Rate Buydowns Explained.
What does this mean if I am selling?
Buyers are watching their monthly payment closely, so a price that matches recent sales near you and a home that shows well matter more than ever. Read Buy Now or Wait for Rates to Drop? to see how buyers are thinking.
FAQ
Will rates keep going down?
No one knows. Rates move every week, so plan around a payment you are comfortable with today.
Is the Freddie Mac rate the rate I will get?
It is a national average. Your rate depends on your credit, down payment, loan type and points.
Where do the Arlington numbers come from?
Bright MLS, the regional listing service, for July through September 2026 and for September 2026.
Call or text Claudia at 703-350-3884 or visit claudiawebb.com.
The Mike Webb Team, RE/MAX Allegiance. Arlington, Virginia. Equal Housing Opportunity.