Mortgage Rates Forecast for October 2021As October kickstarts the fourth quarter, experts say borrowers probably won’t see much of a change to mortgage rates, at least for the first half of the month. As Americans wait for Congress to avoid defaulting and for the Department of Labor employment report to be released, that may change around midway through the month. According to Freddie Mac, during the last week of September 2021, average mortgage rates sat at 2.88% for 30-year fixed-rate mortgages, 2.15% for 15-year fixed-rate mortgages, and 2.43% for 5/1 adjustable rate mortgages. As of September 27, 2021, Wells Fargo documented rates for 30-year fixed-rate VA loans sat at 2.728%, 30-year fixed-rate jumbo loans at 3.044%, and 2.867% for 15-year fixed-rate jumbo loans. As far as a mortgage rates forecast for October 2021 goes, Americans may see these rates remain similar throughout the first half of October but may see a slight increase toward the end of the month. Disclaimer The content is provided “as is”. The content is not, nor shall it be taken as professional or financial services or advice. We are not a financial institute, insurance broker, or agent. Your use and reliance on any of the information provided therein should be done solely at your own risk. We highly recommend contacting and consulting a financial advisor prior to making any financial decision. We will not be responsible for any damages which may occur as a result of your use of the content available therein. We make no warranty that any information available is true, reliable, or accurate.