After 4 rather uneventful trading days, the bond market (which underlies interest rate movement) experienced a bit more volatility today. Fortunately, it was volatility in a friendly direction. 10yr Treasury yields ended the day at their lowest level since September 22nd. Mortgage rates dropped to their lowest mark since September 23rd for the average lender.  [thirtyyearmortgagerates] Bond gains coincided with moments of weakness in the stock market, primarily at the 9:30am NYSE open and the 4pm close. Weaker guidance from the likes of Intel and Amazon reinforced the recently cautious narrative surrounding tech and the AI buildout, sending tech stocks sharply lower at 4pm. NOTE: today's mortgage rate index has not yet been updated for any additional lender reprices that may hit in the coming hours.

October 29, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 7.29% -0.06%   5.99% 7.61% 15 Yr. Fixed 6.95% -0.05%   5.55% 7.23% 30 Yr. Jumbo 7.55% -0.05%   6.2% 7.71% Compare Mortgage Rates from Local Lenders for Oct 29, 2026 Rates Dip to New Multi-Week Lows Thu, Oct 29, 2026 4:16PM After 4 rather uneventful trading days, the bond market (which underlies interest rate movement) experienced a bit more volatility today. Fortunately, it was volatility in a friendly direction. 10yr Treasury yields ended the day at their lowest level since September 22nd. Mortgage rates dropped to their lowest mark since September 23rd for the average lender.  [thirtyyearmortgagerates] Bond gains coincided with moments of weakness in the stock market, primarily at the 9:30am NYSE open and the 4pm close. Weaker guidance from the likes of Intel and Amazon reinforced the recently cautious... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 7.29% -0.06 0.00 15 Yr. Fixed 6.95% -0.05 0.00 30 Yr. FHA 6.91% -0.08 0.00 30 Yr. Jumbo 7.55% -0.05 0.00 7/6 SOFR ARM 6.88% +0.02 0.00 30 Yr. VA 6.92% -0.08 0.00 Updates Daily - Last Update: 10/29 Freddie Mac Rate Change Points 30 Yr. Fixed 7.24% -0.08 0.00 15 Yr. Fixed 6.60% -0.08 0.00 Updates Weekly - Last Update: 10/29 Mortgage Bankers Assoc. 30 Yr. Fixed 7.41% -0.09 0.75 15 Yr. Fixed 6.73% -0.14 0.73 30 Yr. Jumbo 7.33% -0.16 0.60 Updates Weekly - Last Update: 10/21 UMBS 30YR 6.0 99.66 +0.06   97.78 102.75 UMBS 30YR 6.5 101.53 +0.06   100.34 104.00 10 YR Treasury 4.975 -0.041   3.948 5.318 No Whammies From PCE Data. Tech Plunge Helping Thu, Oct 29, 2026 9:48AM PCE inflation was almost perfectly in line with even the unrounded expectations. The monthly core number was 0.32 vs 0.34 (or .3 vs .3 on most econ calendars). Perhaps the modest miss helps explain the modest drop in yields at 8:30am.  All in all though, it was a small enough response as to obviate any further consideration. Bonds experienced a much big... (read more) MBS Price Change UMBS 5.5 97.52 +0.28 UMBS 6.0 99.89 +0.29 UMBS 6.5 101.66 +0.19 GNMA 5.5 97.70 +0.23 GNMA 6.0 99.82 +0.28 GNMA 6.5 101.40 +0.10 Pricing as of: 10/29 5:13PM EST US Treasury Yield Change 2 YR Treasury 4.602 -0.095 5 YR Treasury 4.746 -0.086 7 YR Treasury 4.829 -0.090 10 YR Treasury 4.943 -0.073 30 YR Treasury 5.301 -0.045 Pricing as of: 10/29 5:13PM EST Other News Non-QM Execution, Real Estate Agent Service, UAD 3.6, Jumbo Products; Freddie Earnings Thu, Oct 29, 2026 11:12AM Artificial intelligence continues to capture the imagination of a wide range of companies, including lenders. “Why Underwriting Is the Right Problem for AI to Solve First,” is a topic on a recent Thought Leadership piece. It will be a topic on today’s The Big Picture with James Sais, the head of mortgage lending at Fifth Third Bank. You may be thinking about... (read more) Latest Video Countdown to the Fed decision September new home sales beat estimates Third-quarter U.S. GDP increases a better-than-expected 3.4% as September i... October consumer confidence comes in at 91.7, beating estimates Around the Web Investing Live Amazon and Intel headline the earnings releases after today’s close CNBC Home prices fall and rents rise, both for the first time in three years Investing Live US treasury sells $44 billion of 7 year notes at a high yield of 4.894% CNBC Fed holds rates steady despite concerns over inflation Marketwatch U.S. economy grows at fastest pace in almost three years, third-quarter GDP shows Investing Live US September PCE core inflation +0.5% m/m vs +0.3% expected Eye on Housing Homeownership Rate Rises to 65.5% Federal Reserve Federal Reserve issues FOMC statement CNBC Third-quarter U.S. GDP increases a better-than-expected 3.4% as September inflation accelerates CNBC European Central Bank keeps key interest rate on hold at 2.5% CNBC Treasury yields ease after Federal Reserve rate hold Investing Live US initial jobless claims 194K vs 199K expected Investing Live The weekly oil inventory data shows a drawdown of -1.892M vs expectations of a 0.015M build.

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