It was an exciting day for mortgage rates, and while we technically ended up slightly higher, it could have been much worse. In fact, it WAS much worse earlier in the day, but only for about 30 minutes.  Our daily rate index can be updated throughout the day if mortgage lenders change their rates in sufficient numbers. If we reported only the day's opening rate sheets, top-tier 30yr fixed rates would have been over 7.7%. Almost immediately after those initial rates came out (around 9:30am ET), the bond market started to recover. By 11am, multiple lenders had already improved. There was an additional round of improvement in the afternoon with almost every lender dropping their rates at least once (many of them more than once) by the end of the day. The net effect: today's average top-tier 30yr fixed rate rose only 0.03% versus yesterday to 7.59%--safely under recent highs. 

October 7, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 7.59% +0.03%   5.99% 7.61% 15 Yr. Fixed 7.22% +0.00%   5.55% 7.23% 30 Yr. Jumbo 7.71% +0.01%   6.1% 7.71% Compare Mortgage Rates from Local Lenders for Oct 7, 2026 Mortgage Rates Started Much Higher But Almost Fully Recovered Wed, Oct 7, 2026 3:50PM It was an exciting day for mortgage rates, and while we technically ended up slightly higher, it could have been much worse. In fact, it WAS much worse earlier in the day, but only for about 30 minutes.  Our daily rate index can be updated throughout the day if mortgage lenders change their rates in sufficient numbers. If we reported only the day's opening rate sheets, top-tier 30yr fixed rates would have been over 7.7%. Almost immediately after those initial rates came out (around 9:30am ET), the bond market started to recover. By 11am, multiple lenders had already improved. There was ... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 7.59% +0.03 0.00 15 Yr. Fixed 7.22% 0.00 0.00 30 Yr. FHA 7.22% +0.02 0.00 30 Yr. Jumbo 7.71% +0.01 0.00 7/6 SOFR ARM 6.95% +0.06 0.00 30 Yr. VA 7.23% +0.01 0.00 Updates Daily - Last Update: 10/7 Freddie Mac Rate Change Points 30 Yr. Fixed 7.28% +0.25 0.00 15 Yr. Fixed 6.60% +0.18 0.00 Updates Weekly - Last Update: 10/1 Mortgage Bankers Assoc. 30 Yr. Fixed 7.30% +0.18 0.75 15 Yr. Fixed 6.56% +0.13 1.02 30 Yr. Jumbo 7.27% +0.12 0.50 Updates Weekly - Last Update: 9/30 UMBS 30YR 6.0 98.04 -0.03   97.78 102.75 UMBS 30YR 6.5 100.68 +0.11   100.34 104.00 10 YR Treasury 5.283 -0.001   3.948 5.318 No Surprise: It Was a Trap Wed, Oct 7, 2026 10:07AM If there's been a safe bet to make on isolated rally days over the past 2 months, it's that they'll be soon followed by a return to the prevailing trend toward higher rates. Today fills that role with gusto. We hate gusto--this kind anyway. Unfortunately, this kind of gusto is all we have, and there's no convenient, singular explanation even though many will... (read more) MBS Price Change UMBS 5.5 95.28 -0.08 UMBS 6.0 98.04 -0.03 UMBS 6.5 100.68 +0.11 GNMA 5.5 95.55 -0.11 GNMA 6.0 98.25 -0.05 GNMA 6.5 100.45 -0.12 Pricing as of: 10/7 4:30PM EST US Treasury Yield Change 2 YR Treasury 4.768 -0.029 5 YR Treasury 5.026 -0.007 7 YR Treasury 5.153 -0.001 10 YR Treasury 5.283 -0.001 30 YR Treasury 5.669 +0.010 Pricing as of: 10/7 4:30PM EST Other News Sales Performance, Compliance, Borrower Satisfaction Tools; Brian V. on Industry Noise Wed, Oct 7, 2026 11:51AM Lender and Broker Products, Services, and Software “Chicagoans have one unbreakable rule: no ketchup on a hot dog. Mortgage lenders should have one too: no questions that don't belong on the application. Floify brings that same discipline to MBA Annual in Chicago, October 11–14 at the Hyatt Regency, where the industry celebrates homeownership and 250 years... (read more) Latest Video Mortgage rates on the move NY Fed: 1-year inflation expectations hit highest level since May 2023 Housing costs squeeze voters: Here's what to know Fed: Most participants said likely appropriate for another rate hike by yea... Around the Web Investing Live The US treasury sells $39 billion of 10 year notes at a high yield of 5.300% versus WI level of 5.317% Investing Live FOMC Minutes: Most participants assessed another hike would likely be appropriate by year end CNBC Inflation fears on the rise as one-year outlook in Fed survey hits highest level since May 2023 Investing Live Soaring bond yields continue to hit new highs. Seven things driving the moves CNBC Mortgage rates sit at nearly 3-year high, and demand continues to shrink CNBC Used car prices fall in Q3, while demand for fuel-efficient vehicles grows Investing Live EIA weekly US crude oil inventories -3186K vs +1722K expected CNBC Treasury yields rise ahead of closely-watched 10-year auction and FOMC minutes Investing Live Fed’s Daly: More tightening depends on whether AI, tariff and energy shocks persist Federal Reserve Modernizing the Regulatory and Supervisory Landscape Investing Live Fed Schmid: Labor force remains a in a good place Investing Live US International Trade balance for August -105.6B vs -102.0B. Investing Live EUR/USD rebounds as French government takes steps to reduce deficit, narrowing OAT-Bund spread

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