Rates enjoyed a remarkably calm winning streak over the past month with the worst single day resulting in a 0.06% increase for a top tier 30yr fixed loan and the average day seeing a 0.02% decline. That streak was dealt its first serious blow today following a hotter than expected in the Consumer Price Index (CPI)--a key inflation report. Even though the Fed's official inflation target is based on Personal Consumption Expenditures (PCE), we'll be waiting another 2 weeks for that report to come out for the month of October. CPI (the one we got today) always comes out earlier in the month and because much of the data flows through to the more robust PCE data set, CPI reliably produces more volatility for the bond/rate market. Today's report showed broad-based price pressures with only a small handful of categories seeing any improvements. Naturally, the categories most closely tied to higher fuel prices were the worst, but many non-fuel-related categories were surprisingly high. Given that the Fed explicitly said it was more focused on the inflation component of its job description at the moment (as opposed to the "full employment" component), we were expecting today's data to carry far more weight than last week's jobs report. The reaction was logical an immediate. When the dust settled, the average top tier 30yr fixed rate was 0.12% higher day over day at 7.30%. While that's the largest one day increase in over a month, it's still quite a bit lower than the 7.6%+ levels seen in early October.  [thirtyyearmortgagerates]

November 10, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 7.30% +0.12%   5.99% 7.61% 15 Yr. Fixed 6.92% +0.09%   5.55% 7.23% 30 Yr. Jumbo 7.40% +0.03%   6.26% 7.71% Compare Mortgage Rates from Local Lenders for Nov 10, 2026 Mortgage Rate Sharply Higher After Inflation Data Tue, Nov 10, 2026 2:27PM Rates enjoyed a remarkably calm winning streak over the past month with the worst single day resulting in a 0.06% increase for a top tier 30yr fixed loan and the average day seeing a 0.02% decline. That streak was dealt its first serious blow today following a hotter than expected in the Consumer Price Index (CPI)--a key inflation report. Even though the Fed's official inflation target is based on Personal Consumption Expenditures (PCE), we'll be waiting another 2 weeks for that report to come out for the month of October. CPI (the one we got today) always comes out earlier in the month and b... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 7.30% +0.12 0.00 15 Yr. Fixed 6.92% +0.09 0.00 30 Yr. FHA 6.89% +0.07 0.00 30 Yr. Jumbo 7.40% +0.03 0.00 7/6 SOFR ARM 6.80% +0.31 0.00 30 Yr. VA 6.90% +0.07 0.00 Updates Daily - Last Update: 11/10 Freddie Mac Rate Change Points 30 Yr. Fixed 7.18% -0.06 0.00 15 Yr. Fixed 6.57% -0.03 0.00 Updates Weekly - Last Update: 11/5 Mortgage Bankers Assoc. 30 Yr. Fixed 7.30% -0.07 0.75 15 Yr. Fixed 6.76% +0.06 0.98 30 Yr. Jumbo 7.20% -0.08 0.48 Updates Weekly - Last Update: 11/4 UMBS 30YR 6.0 99.48 -0.57   97.78 102.75 UMBS 30YR 6.5 101.34 -0.38   100.34 104.00 10 YR Treasury 4.988 +0.097   3.948 5.318 No "Yeah Buts" in Today's CPI. It's All Bad For Bonds Tue, Nov 10, 2026 9:38AM Some inflation reports have counterpoints even if they appear high at first glance. This one is just all-around not great for bonds. It would be a genuine surprise to see a meaningful reversal from this morning's weakness without a major, unexpected news headline or massive stock sell-off. Really the only way someone could try to find a silver lining would... (read more) Other News Accounting, Processing, HELOC, AI Governance Tools; Webinars Approaching; Gov't Product News; CPI Tue, Nov 10, 2026 12:01PM “I found a 95 year old painting in my attic. I asked him to leave.” Humor aside, many people have been asked to leave places like Fannie Mae, Freddie Mac, Go Mortgage, Onity, and others. It isn’t surprising, and the reductions are, in fact, a sign of the times given the time of year and the rate environment. That said, “finding success elsewhere” might just ... (read more) Latest Video Treasury sells $42 billion in 10-year notes Consumer prices rose 0.4% in October, more than expected NY Fed: Inflation expectations unchanged at still-elevated levels San Francisco Fed president on jobs report: This is good news for American ... Around the Web CNBC Credit card debt climbs to a record $1.29 trillion, New York Fed research finds Investing Live U.S. Treasury sells $42 billion of 10 year notes at a high yield of 5.02% Investing Live US October core CPI +0.3% vs +0.2% expected Investing Live Fed's Waller floats case for 50 bps hike in December Eye on Housing Consumer Credit Growth Picks Up in the Third Quarter of 2026 ADP U.S. private employers added an average of 19,750 jobs per week Investing Live Fed's Goolsbee: Starting to see inflation kicking up in services NY Fed Inflation Expectations Stable; Labor Market Expectations Mixed CNBC Treasury yields edge higher as traders await CPI inflation data Investing Live U.S. Treasury sells $58 billion of 3 year notes at a high yield of 4.627% Investing Live Fed's Barkin: Jobs report was 'healthy' but firms still see low-hire, low-fire economy Eye on Housing Remodeling Activity Holds Flat in Second Quarter Amid Housing Slowdown Investing Live US September wholesale inventories +0.7% vs +0.6% expected

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