Mortgage rates moved higher on Wednesday despite only a modest increase in oil prices. The latter is currently a part of any conversation about interest rates as higher energy costs have fueled inflation expectations. Higher inflation begets higher rates, all else equal. But rates take other cues, or course. One key consideration is that of "supply." In other words, how many new dollars of debt are being issued--not just by the U.S. government, but across the entire bond market.  At present, government issuance is high and only expected to get higher. Even though congressional approval is ultimately required, armed conflict can increase expectations for future military spending. There's also uncertainty over tariff refunds which would further increase the supply of U.S. Treasuries to offset the lost revenue. Last but not least, this week brings scheduled Treasury auctions. The market knew about these ahead of time, but on some auction weeks, the results reveal an imbalance between buyers and sellers that increases momentum toward higher or lower interest rates. This week, that momentum has been generally higher. The net effect on mortgage rates is a conventional top-tier 30yr fixed that is back to February 4th levels on average. 

March 11, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.24% +0.15%   5.99% 7.08% 15 Yr. Fixed 5.84% +0.15%   5.55% 6.48% 30 Yr. Jumbo 6.50% +0.05%   6.1% 7.2% Compare Mortgage Rates from Local Lenders for Mar 11, 2026 Highest Rates in More Than a Month Wed, Mar 11, 2026 4:13PM Mortgage rates moved higher on Wednesday despite only a modest increase in oil prices. The latter is currently a part of any conversation about interest rates as higher energy costs have fueled inflation expectations. Higher inflation begets higher rates, all else equal. But rates take other cues, or course. One key consideration is that of "supply." In other words, how many new dollars of debt are being issued--not just by the U.S. government, but across the entire bond market.  At present, government issuance is high and only expected to get higher. Even though congressional approval ... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.24% +0.15 0.00 15 Yr. Fixed 5.84% +0.15 0.00 30 Yr. FHA 5.85% +0.16 0.00 30 Yr. Jumbo 6.50% +0.05 0.00 7/6 SOFR ARM 5.55% +0.16 0.00 30 Yr. VA 5.87% +0.16 0.00 Updates Daily - Last Update: 3/11 Freddie Mac Rate Change Points 30 Yr. Fixed 6.00% +0.02 0.00 15 Yr. Fixed 5.43% -0.01 0.00 Updates Weekly - Last Update: 3/5 Mortgage Bankers Assoc. 30 Yr. Fixed 6.17% -0.04 0.56 15 Yr. Fixed 5.50% -0.15 0.73 30 Yr. Jumbo 6.21% -0.09 0.27 Updates Weekly - Last Update: 2/18 UMBS 30YR 5.0 99.33 +0.06   95.71 100.50 UMBS 30YR 5.5 100.92 +0.04   98.11 101.64 10 YR Treasury 4.219 -0.008   3.932 4.590 Overnight Weakness, Limited CPI Impact, MBS Outperformance Wed, Mar 11, 2026 9:36AM There was a very high bar for today's CPI to cause any serious market reaction due to all the new inflationary impulses that may be created by record volatility in energy markets that hasn't yet made it into the official data. In other words, CPI is a time capsule for a bygone era and the market is already trading the implications on future inflation reports... (read more) MBS Price Change UMBS 4.5 97.22 +0.00 UMBS 5.0 99.29 +0.02 UMBS 5.5 100.90 +0.01 GNMA 4.5 97.56 +0.03 GNMA 5.0 99.79 +0.02 GNMA 5.5 100.96 -0.01 Pricing as of: 3/12 7:20AM EST US Treasury Yield Change 2 YR Treasury 3.651 -0.002 5 YR Treasury 3.799 -0.006 7 YR Treasury 4.000 -0.007 10 YR Treasury 4.226 -0.002 30 YR Treasury 4.881 -0.002 Pricing as of: 3/12 7:20AM EST Other News Fraud Guard, Capital Markets Data, QC, POS Products; PHH and OptiFunder News; Non-Agency Wed, Mar 11, 2026 10:12AM Technology is a two-edged sword. Have you ever heard of “surveillance pricing?” “Big brother” knows a lot about you. Ridesharing companies like Uber, for instance, can charge users more when they have lower battery life on their phone. “Democrats in Pennsylvania have introduced a bill that would stop retailers from changing the price of essential goods and s... (read more) Latest Video Subprime surge in borrowing: Here's what to know IEA to release 400M barrels of oil from strategic reserves: Here's what to ... Sen. Tim Scott on bipartisan housing bill: A win for the American people Former Cleveland Fed Pres. Mester: High gas prices are salient for people's... Around the Web Investing Live USD/JPY nears the highs of the year. Eyes on intervention BLS CONSUMER PRICE INDEX – FEBRUARY 2026 Investing Live US February monthly budget -307.5B vs -75.85B expected Eye on Housing Inflation Steady Before War CNBC Weekly mortgage demand from homebuyers increased despite big interest rate volatility Realtor.com The Typical Homeowner Earns About 85% More Than the Typical Renterbut the Largest Gaps Arent Where You Might Expect CNBC Kevin Warsh faces an economic 'perfect storm' as he waits to take over as Fed chair Eye on Housing Single-Family Permits End 2025 on a Soft Note Investing Live The U.S. Treasury sold $58 billion of 3 year notes at a high yield of 3.579% CNBC Treasury yields are higher as investors await key inflation report Marketwatch Amazon joins Meta, Google in jumbo bond club with up to $42 billion issuance CNBC February home sales see small rebound, but supply growth is 'sluggish' Eye on Housing AD&C Loan Volume Falls Despite Declining Financing Costs

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