Last week ended with mortgage rates dropping to their best levels since September 17th. Over the weekend, the underlying bond market maintained the gains seen on Friday afternoon, thus allowing most lenders to set rates at least as low as they were at that time. The average lender is actually just slightly lower today, thus making this another new multi-week low. The counterpoint is that the range is still relatively narrow, which each day during this stretch (roughly 4 weeks) falling inside a range of 6.31 to 6.39.  As always, keep in mind that the MND index is an average top tier rate (i.e. high credit score, high downpayment, owner occupied, etc.). There were no major sources of volatility on the calendar today although a speech from Fed Chair Powell had the potential to cause some.  The event calendar will remain more silent during the government shutdown. Once it's over, volatility potential will increase.

October 14, 2025 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.31% -0.01%   6.13% 7.26% 15 Yr. Fixed 5.83% -0.01%   5.6% 6.59% 30 Yr. Jumbo 6.22% -0.03%   6.14% 7.45% Compare Mortgage Rates from Local Lenders for Oct 14, 2025 Mortgage Rates Maintain Last Week's Gains Tue, Oct 14, 2025 5:02PM Last week ended with mortgage rates dropping to their best levels since September 17th. Over the weekend, the underlying bond market maintained the gains seen on Friday afternoon, thus allowing most lenders to set rates at least as low as they were at that time. The average lender is actually just slightly lower today, thus making this another new multi-week low. The counterpoint is that the range is still relatively narrow, which each day during this stretch (roughly 4 weeks) falling inside a range of 6.31 to 6.39.  As always, keep in mind that the MND index is an average top tier rate ... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.31% -0.01 0.00 15 Yr. Fixed 5.83% -0.01 0.00 30 Yr. FHA 6.03% 0.00 0.00 30 Yr. Jumbo 6.22% -0.03 0.00 7/6 SOFR ARM 5.72% -0.10 0.00 30 Yr. VA 6.05% +0.01 0.00 Updates Daily - Last Update: 10/14 Freddie Mac Rate Change Points 30 Yr. Fixed 6.30% -0.04 0.00 15 Yr. Fixed 5.53% -0.02 0.00 Updates Weekly - Last Update: 10/9 Mortgage Bankers Assoc. 30 Yr. Fixed 6.43% -0.03 0.60 15 Yr. Fixed 5.77% +0.01 0.79 30 Yr. Jumbo 6.60% +0.06 0.44 Updates Weekly - Last Update: 10/8 UMBS 30YR 5.0 99.67 +0.09   95.05 99.96 UMBS 30YR 5.5 101.09 +0.09   97.47 101.28 10 YR Treasury 4.029 -0.004   3.932 4.780 One Of The Few Times We Can Say "Strong Red Start" Tue, Oct 14, 2025 9:59AM Bonds are flashing red on the screen (depending on when you look), but even at their weakest levels of the morning, we'd still consider this a stronger start. Reason being: Friday afternoon's rally lasted 10 whole minutes right at the end of the session. Before that, 10yr yields were around 4.06 and 5.0 MBS were trading just under 99.5. Now this morning... (read more) MBS Price Change UMBS 4.5 97.69 +0.19 UMBS 5.0 99.67 +0.09 UMBS 5.5 101.09 +0.09 GNMA 4.5 97.70 +0.13 GNMA 5.0 99.83 +0.07 GNMA 5.5 100.90 -0.04 Pricing as of: 10/14 6:38PM EST US Treasury Yield Change 2 YR Treasury 3.483 -0.020 5 YR Treasury 3.604 -0.022 7 YR Treasury 3.798 -0.017 10 YR Treasury 4.029 -0.004 30 YR Treasury 4.631 +0.011 Pricing as of: 10/14 6:38PM EST Other News Signing, Borrower Retention, LOS, QC Audit, AVM Tools; Slowing Economy = Lower Rates Tue, Oct 14, 2025 11:43AM “Where do amputees get prosthetics on a budget? The secondhand store.” Budget, stalemate, and shutdown news continues in Washington DC. The sun still comes up in the morning, and there is news on related issues. For example, thank you to Sean S. who told me that HUD opened the suggestions window for improving the HECM (reverse mortgage) product. The reasons ... (read more) Latest Video Fed Chair Powell suggests rate cuts are likely to continue U.S. 10-year Treasury briefly breaks below 4% The government may stay shut down at least until November, says PIMCO's Lib... We are in a 'perfect' environment for the banks, says Atlas Merchant Capita... Around the Web CNBC Watch Fed Chair Powell speak live on policy at the NABE conference in Philadelphia CNBC Major real estate developers are fast becoming power brokers CNBC Treasury yields fall as investors look ahead to speech by Fed's Powell CNBC Global bonds rally as fresh trade tensions send investors flocking to safety Eye on Housing Custom Home Building Share Declines in 2024 CNBC CPI inflation report will be released by Labor Department, while other data is delayed by shutdown Realtor.com Number of Homes for Sale Continues To Growbut Housing Market Moves at a Crawl CNBC Treasury yields move lower as U.S. government shutdown enters 10th day CNBC Fed Governor Waller sees more rate cuts but says central bank needs to be 'cautious about it' Calculated Risk Blog A year ago: Lance Lambert Interviews Me on the Housing Market Investing Live US BLS recalls staff to finish CPI report, prioritising Social Security and Fed timelines FXStreet UoM Consumer Sentiment Index edges lower to 55 in October vs 54.2 forecast American Bankers Assoc. ABA Foundation and FICO Announce New Partnership Ahead of2025 Get Smart About Credit Day

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