Despite Friday afternoon's promising bond market rally and mortgage rate improvement, today's top tier 30yr fixed rate bounced back up. The average lender is now at 7.50% for the first time since April 30, 2024.  While there's been a lot of short-term correlation between oil prices and interest rates over the last 6 months, oil does a poor job of explaining much of the recent upward momentum in rates. At times today, it seemed that the higher rates coincided with higher oil prices, but oil fell all the way back to Friday afternoon's levels at one point while rates remained elevated. The other factors are a laundry list of usual suspects: strong economic data, anxiety regarding incoming data being stronger as well, supply/demand issues in the Treasury market, elevated bond market supply in general, etc. That said, there weren't any major new developments for that laundry list today.  [thirtyyearmortgagerates]

September 28, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 7.50% +0.07%   5.99% 7.5% 15 Yr. Fixed 7.12% +0.02%   5.55% 7.12% 30 Yr. Jumbo 7.56% +0.01%   6.1% 7.56% Compare Mortgage Rates from Local Lenders for Sep 28, 2026 Mortgage Rates Officially Hit 7.5% Mon, Sep 28, 2026 4:07PM Despite Friday afternoon's promising bond market rally and mortgage rate improvement, today's top tier 30yr fixed rate bounced back up. The average lender is now at 7.50% for the first time since April 30, 2024.  While there's been a lot of short-term correlation between oil prices and interest rates over the last 6 months, oil does a poor job of explaining much of the recent upward momentum in rates. At times today, it seemed that the higher rates coincided with higher oil prices, but oil fell all the way back to Friday afternoon's levels at one point while rates remained elevated. The... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 7.50% +0.07 0.00 15 Yr. Fixed 7.12% +0.02 0.00 30 Yr. FHA 7.17% +0.02 0.00 30 Yr. Jumbo 7.56% +0.01 0.00 7/6 SOFR ARM 6.85% 0.00 0.00 30 Yr. VA 7.19% +0.02 0.00 Updates Daily - Last Update: 9/28 Freddie Mac Rate Change Points 30 Yr. Fixed 7.03% +0.08 0.00 15 Yr. Fixed 6.42% +0.16 0.00 Updates Weekly - Last Update: 9/24 Mortgage Bankers Assoc. 30 Yr. Fixed 7.12% +0.15 0.73 15 Yr. Fixed 6.43% +0.13 1.15 30 Yr. Jumbo 7.15% +0.12 0.53 Updates Weekly - Last Update: 9/24 UMBS 30YR 6.0 98.20 -0.64   98.20 102.75 UMBS 30YR 6.5 100.67 -0.56   100.67 104.00 10 YR Treasury 5.233 +0.073   3.948 5.233 Another Red Start, And It's Not All About Oil Mon, Sep 28, 2026 10:10AM Bonds lost ground overnight with traders reacting to Trump's rejection of Iran's proposal to reopen the Strait of Hormuz. This isn't the first time that bonds have reacted to war headlines regardless of movement in oil prices. While oil also moved higher throughout the overnight session, bonds are increasingly detached in the bigger picture with yields stayi... (read more) MBS Price Change UMBS 5.5 95.55 -0.75 UMBS 6.0 98.18 -0.66 UMBS 6.5 100.66 -0.58 GNMA 5.5 95.84 -0.76 GNMA 6.0 98.36 -0.64 GNMA 6.5 100.40 -0.64 Pricing as of: 9/28 5:51PM EST US Treasury Yield Change 2 YR Treasury 4.931 +0.072 5 YR Treasury 5.071 +0.080 7 YR Treasury 5.152 +0.078 10 YR Treasury 5.236 +0.076 30 YR Treasury 5.550 +0.056 Pricing as of: 9/28 5:51PM EST Other News Verification, U/W, PPE, Margin Mgt. Tools; Webinars; MISMO and FRAME Offer; Buydown breakdown Mon, Sep 28, 2026 11:23AM We’re waist deep in conferences (click here to view or add events), and every week I receive a half a dozen invitations to mortgage golf events centered around a conference. How about coming up with something where you can see and talk to more than three other people for 3-4 hours? Group hikes? Make-a-bear? Mini-golf? Bowling? Croquet? Pretzel making? Axe th... (read more) Latest Video Growth is part of the reason yields are moving higher, says Partners Group’... Realtor.com's Joel Berner on high mortgage rates: It's a difficult time to ... Stocks pop, oil prices fall on report U.S.-Iran talks entered technical sta... September consumer sentiment exceeds estimates Around the Web Investing Live Trump prepared to ease sanctions and release frozen funds for nuclear progress - report CNBC U.S. Treasury yields edge higher amid pressure on global government bonds BLS Employer costs for employee compensation in San Jose area averaged $75.12 in March 2026 Eye on Housing NAHB Remodelers: What the Data Says Investing Live September Dallas Fed manufacturing business index 9.8 vs 11.6 prior CNBC U.S., China to lower tariffs on $60 billion of goods. Here's what qualifies Reuters Fed's Hammack says bond yield surge not about lost inflation confidence Investing Live Tehran describes talks atmosphere as increasingly positive - report CNBC U.S. Treasury yields tick higher as global bond rout slows Investing Live September final UMich consumer sentiment 48.1 vs 47.6 expected Investing Live US August durable goods orders 0.0% vs -0.4% expected NY Fed US NY Fed GDP Nowcast Q3: 2.33% (prev 2.33%) Eye on Housing State and Local Government Tax Revenue Grows

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