Rates
Freddie Mac: 30-Year Mortgage Rate Holds at 7.40% as 15-Year Slips to 6.71%
Freddie Mac's weekly survey shows the average 30-year fixed rate unchanged at 7.40% as of Oct. 15, while the 15-year average eased to 6.71%. Both remain more than a point above a year ago.
Mortgage Applications Fall 2.7% as MBA's 30-Year Rate Hits 7.5%, Highest Since November 2023
MBA said Oct. 14 that applications fell 2.7% in the week ending Oct. 9, purchase applications fell 4%, and the ARM share rose to 10.5% as its 30-year conforming rate reached 7.5%.
Consumer Sentiment Slips as Inflation Expectations Rise Again
The University of Michigan's preliminary October survey, released Oct. 9, put sentiment at 46.3, down from 48.1, while year-ahead inflation expectations rose to 4.7%.
Mortgage Rates Reach 7.40%, Highest Since November 2023
Freddie Mac's Oct. 8 survey put the 30-year fixed rate at 7.40%, up from 7.28%. It is the seventh straight weekly increase and the highest reading since November 2023.
Fed Minutes and Waller Point to More Rate Hikes, With Flexibility on Timing
Minutes released Oct. 7 show most Fed officials expect another hike by year end. On Oct. 8, Governor Waller said more hikes are likely but need not come at consecutive meetings.
MBA: 30-Year Contract Rate Hits 7.49% as Mortgage Applications Fall 4.2%
The Mortgage Bankers Association's survey for the week ending Oct. 2 shows refinance applications down 7.5% and purchase applications down 2.1% as its average conforming rate rose from 7.30%.
Treasury Yields Ease From Multidecade Highs, but Mortgage Pricing Is Still Expensive
The 10-year Treasury slipped Tuesday morning after Monday's 5.31% close and oil eased too. Wednesday's Fed minutes are the next scheduled test for borrowers comparing quotes.
Weak Jobs Report, Stubborn Bond Market: Why Monday Mortgage Pricing Stayed Tight
September payrolls grew by just 29,000, yet the 10-year Treasury yield traded near 5.3% Monday morning. Here is what that means for borrowers comparing quotes ahead of Wednesday's Fed minutes.
Mortgage Week Ahead: Fed Minutes Test a 7% Rate Market
After September payroll growth slowed to 29,000, the Fed's September meeting minutes and a light data calendar will test whether lenders can hold onto Friday's bond-market relief.
Adjustable-Rate Mortgages Reach 9.8% of Applications as Fixed Rates Top 7%
Adjustable-rate mortgages are gaining ground as borrowers look for relief from higher borrowing costs, with ARMs reaching 9.8% of mortgage applications as the average 30-year fixed rate climbed to 7.…
Mortgage Rates Hover Around 7% as Fall Buyers Face Higher Monthly Payments
Mortgage rates are hovering near 7%, raising monthly payments for homebuyers even as rising inventory, softer prices and slower sales give some buyers more negotiating leverage this fall.
10-Year Treasury Slips Below 5% on Quiet Monday
The 10-year Treasury yield eased to 4.978% Monday morning, but the 1.9-basis-point move is too small to assume every mortgage lender improved pricing.
Friday Rate Check: Mortgage Average Hits 6.95% as Treasury Yields Rise
Freddie Mac’s weekly average rose, and Friday’s early Treasury trading offered no clear relief. What loan officers should check before quoting borrowers.
Homebuilders Lean Harder on Mortgage Rate Buydowns as Buyers Push Back on High Payments
Homebuilders are expanding mortgage rate buydowns, price cuts and closing-cost incentives as elevated borrowing costs continue to strain affordability. The strategy can lower monthly payments and sup…
Mortgage Rates Near 7% Again: What Rising Borrowing Costs Mean for Homebuyers and Homeowners
Mortgage rates are climbing back toward 7%, putting renewed pressure on home affordability and influencing buyer demand. Learn what's driving the increase, how it impacts the housing market, and what…
Mortgage Rates Today, July 21, 2026: Rates Remain Above 6.5% as Buyers Navigate a Challenging Market
Mortgage rates remained elevated on July 21, 2026, with the average 30-year fixed loan staying above 6.5%. Learn what's driving today's mortgage rates, how they affect homebuyers and homeowners, and…
Average 30-year US mortgage rate climbs to 6.55%, highest level in nearly a year
The average long-term U.S. mortgage rate climbed this week to its highest level in nearly a year, driving up borrowing costs for prospective homebuyers.
Mortgage rates rise as Iran conflict rattles confidence
Mortgage rates moved up once again this week, with the 30-year fixed rate averaging 6.43%, up from 6.37% last week, according to Bankrate’s latest lender survey.
The Latest 10-Year Treasury Movers and Market Updates
Just a couple things that will move rates in one direction or another
Trump eases pressure on Fed Chairman Kevin Warsh as inflation tops 4%
The Trump administration is softening its public pressure on Federal Reserve Chairman Kevin Warsh to cut interest rates as inflation remains well above the Fed's 2% target. While President Donald Tru…
Mortgage Rates Climb as Iran Conflict Jolts Oil and Bond Markets
Mortgage rates moved higher in early March after geopolitical tensions tied to the war involving Iran pushed oil prices and Treasury yields upward. Freddie Mac said the average 30-year fixed mortgage…
Mortgage Rates Fall Below 6% on March 2, 2026 — What It Means for Homebuyers and Refinancers
Mortgage Rates Fall Below 6% on March 2, 2026 — What It Means for Homebuyers and Refinancers
📉 Mortgage Interest Rates on February 20, 2026: A Look at Today’s Numbers and What They Mean
As of February 20, 2026, mortgage interest rates remain significantly lower than they were a year ago — and for many borrowers, today’s environment presents renewed opportunities to buy or refinance.…
Mortgage Rates Plunge to 6.01% — Lowest in Nearly 4 Years, Boosting Homebuyer Affordability
Mortgage interest rates on 30-year fixed loans dropped to their lowest level since late 2022 — averaging roughly 6.01% this week — offering improved affordability for homebuyers and a potential spark…
Mortgage Rates Are Rising — What It Means for Homebuyers and Homeowners
Mortgage rates are moving higher again, adding fresh pressure to home affordability in early 2026. After weeks of volatility, the average 30-year fixed rate has ticked up, reflecting rising Treasury…
Higher for Longer? Fed Discusses Rate Hike Scenarios Amid Sticky Inflation
Minutes from the latest meeting of the Federal Reserve reveal that several policymakers discussed possible interest rate hikes if inflation does not continue moving toward the Fed’s 2% target. While…
Mortgage Refinance Rates Ease on February 12, 2026 — Is Now the Right Time for Homeowners to Lock In Savings?
Mortgage refinance rates edged lower on February 12, 2026, offering a potential window of opportunity for homeowners looking to reduce their monthly payments or shorten their loan term. With 30-year…
30-Year Mortgage Rates Dip as Bond Markets Rally
Mortgage rates moved to their lowest levels in more than three weeks on Tuesday, offering modest relief to prospective homebuyers and refinancers. The average 30-year fixed rate dipped to around 6.11…
Mortgage Rates Are Falling — So Why Are So Many Homeowners Still Paying More?
Even as headline mortgage rates ease, millions of homeowners remain stuck with loans originated during the market’s most painful window. Buyers who entered the market in 2022 through 2024 often locke…
Treasury Yields Jump on Strong ISM; Markets Game Out Warsh as Next Fed Chair
The 10-year U.S. Treasury moved ~4 bps higher to ~4.28% after January ISM Manufacturing surprised at 52.6 (expansion). President Donald Trump nominated Kevin Warsh to succeed Jerome Powell, adding po…