Mortgage rates moved lower today at their fastest pace in 3 months with the average top-tier 30yr fixed scenario ultimately falling 0.09%. There were thrills and chills along the way as well. The day actually began with a 0.01% INCREASE versus yesterday's latest levels. This highlights a unique aspect of our rate index which has the ability to change more than once per day in response to mortgage lenders making intraday updates to their rate offerings. In other words, almost every lender lowered their rates today--many of them more than once.  As has often been the case lately, the market movement can't be traced to one standout event. There was certainly some benefit from mid-day headlines regarding the Iran war, but that alone was scarcely sufficient to be labeled as the x factor. A forensic review of the underlying market suggests a meaningful amount of support came from investors "deciding" that bond yields were high enough to be worth some more asset allocation. In other words, investors are less interested in adding bonds to their portfolio if yields are climbing and at risk of climbing more. But at a certain point, yields are high enough to serve as a good entry point for investors to jump back into bond ownership. This phenomenon doesn't necessarily hearken additional downward momentum, but some would say it makes a case that recent ceilings should continue to be supportive unless new data comes to light that is unfavorable for bonds. In the current case, the nearest data with that kind of power would probably be next week's inflation reports on Wed/Thu.  [thirtyyearmortgagerates]

October 8, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 7.50% -0.09%   5.99% 7.61% 15 Yr. Fixed 7.17% -0.05%   5.55% 7.23% 30 Yr. Jumbo 7.65% -0.06%   6.1% 7.71% Compare Mortgage Rates from Local Lenders for Oct 8, 2026 Mortgage Rates Near 2-Week Lows After Biggest Daily Drop in 3 Months Thu, Oct 8, 2026 4:06PM Mortgage rates moved lower today at their fastest pace in 3 months with the average top-tier 30yr fixed scenario ultimately falling 0.09%. There were thrills and chills along the way as well. The day actually began with a 0.01% INCREASE versus yesterday's latest levels. This highlights a unique aspect of our rate index which has the ability to change more than once per day in response to mortgage lenders making intraday updates to their rate offerings. In other words, almost every lender lowered their rates today--many of them more than once.  As has often been the case lately, the mark... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 7.50% -0.09 0.00 15 Yr. Fixed 7.17% -0.05 0.00 30 Yr. FHA 7.17% -0.05 0.00 30 Yr. Jumbo 7.65% -0.06 0.00 7/6 SOFR ARM 6.95% 0.00 0.00 30 Yr. VA 7.18% -0.05 0.00 Updates Daily - Last Update: 10/8 Freddie Mac Rate Change Points 30 Yr. Fixed 7.40% +0.12 0.00 15 Yr. Fixed 6.73% +0.13 0.00 Updates Weekly - Last Update: 10/8 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 98.18 +0.35   97.78 102.75 UMBS 30YR 6.5 100.61 +0.30   100.34 104.00 10 YR Treasury 5.224 -0.067   3.948 5.318 It's Time to Play "Name That Line" Thu, Oct 8, 2026 9:36AM Bonds were initially moderately weaker this morning morning in a move that followed oil prices and hawkish Fed comments. Chris Waller said more hikes were needed due to a strong economy, persistently high inflation, and the risk that inflation expectations would become unanchored after 5.5 years above target. This hit the short end of the curve at 4:30a... (read more) MBS Price Change UMBS 5.5 95.63 +0.50 UMBS 6.0 98.22 +0.39 UMBS 6.5 100.60 +0.29 GNMA 5.5 95.46 -0.11 GNMA 6.0 98.54 +0.29 GNMA 6.5 100.63 -0.01 Pricing as of: 10/8 4:44PM EST US Treasury Yield Change 2 YR Treasury 4.756 -0.003 5 YR Treasury 4.989 -0.035 7 YR Treasury 5.109 -0.043 10 YR Treasury 5.228 -0.063 30 YR Treasury 5.603 -0.067 Pricing as of: 10/8 4:44PM EST Other News Non-Agency Execution, Processing, UAD 3.6, Servicing, VA Loss Mit Products; Credit Pilot Webinar Thu, Oct 8, 2026 11:42AM “My friend is an EMT, and she's amazing on trivia night. She's usually the first responder.” The United States is full of trivia. Did you know that part of Florida is in the Central Time Zone? (Fourteen states are in more than one time zone!) Do you know what Brad Pitt, Tom Cruise, Kenau Reeves, and Michelle Pfeiffer have in common? They all can qualify for ... (read more) Latest Video Consumers resilient in September: CNBC/NRF Retail Monitor Mortgage rates on the move NY Fed: 1-year inflation expectations hit highest level since May 2023 Fed: Most participants said likely appropriate for another rate hike by yea... Around the Web Investing Live US treasury sells $22 billion of 30 year bonds at a high yield of 5.618% CNBC Treasury yields rise as Fed's Waller says more hikes needed, investors await 30-year auction 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 US weekly initial jobless claims 197K vs 200K expected CNBC Mortgage rates sit at nearly 3-year high, and demand continues to shrink Investing Live Atlanta Fed GDPNow Q3 tracker 3.6% vs 3.7% prior 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 Investing Live FOMC Minutes: Most participants assessed another hike would likely be appropriate by year end Eye on Housing Remodeling Market Sentiment Remains Stable in Third Quarter Despite Headwinds CNBC Used car prices fall in Q3, while demand for fuel-efficient vehicles grows Investing Live US August wholesale inventories +0.5% vs +0.7% expected Investing Live EIA weekly US crude oil inventories -3186K vs +1722K expected

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