30yr fixed rates moved over 7.25% on September 23rd, 2026 and continued to long-term highs of 7.61% by early October. But starting in mid October, rates began declining as the market grew increasingly concerned about the tech sector. Until today 7.27% marked the floor of the present rally. Now the floor is lower. Rates began the day moderately lower with an average top-tier 30yr fixed rate of 7.25%. Reasons can be debated, but may include: Investors coming off the sidelines after mid-term election uncertainty was cleared up Ongoing trouble for the neocloud portion of the tech sector (i.e. Coreweave, Nebius, etc) Another sharp drop in fuel prices  Earlier in the day, it wasn't a given that rates would end up lower. Just after 10am, it looked like the stock market might get so much love that bonds/rates would be left wanting. But tech stocks ended up hitting their ceiling for the day at that time and bonds were subsequently able to improve to their best levels in the afternoon. When bonds improve enough intraday, mortgage lenders occasionally adjust rates lower. Not every lender did so today, but it would enough to bring the average down to 7.22%--the first time we've been below 7.25% since September 22nd.  [thirtyyearmortgagerates]

November 4, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 7.22% -0.08%   5.99% 7.61% 15 Yr. Fixed 6.85% -0.06%   5.55% 7.23% 30 Yr. Jumbo 7.40% -0.05%   6.26% 7.71% Compare Mortgage Rates from Local Lenders for Nov 4, 2026 Mortgage Rates Fall Back Under 7.25% Wed, Nov 4, 2026 3:25PM 30yr fixed rates moved over 7.25% on September 23rd, 2026 and continued to long-term highs of 7.61% by early October. But starting in mid October, rates began declining as the market grew increasingly concerned about the tech sector. Until today 7.27% marked the floor of the present rally. Now the floor is lower. Rates began the day moderately lower with an average top-tier 30yr fixed rate of 7.25%. Reasons can be debated, but may include: Investors coming off the sidelines after mid-term election uncertainty was cleared up Ongoing trouble for the neocloud portion of the tech sector (i.e... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 7.22% -0.08 0.00 15 Yr. Fixed 6.85% -0.06 0.00 30 Yr. FHA 6.89% -0.06 0.00 30 Yr. Jumbo 7.40% -0.05 0.00 7/6 SOFR ARM 6.73% +0.02 0.00 30 Yr. VA 6.90% -0.07 0.00 Updates Daily - Last Update: 11/4 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 7.37% -0.04 0.76 15 Yr. Fixed 6.70% -0.03 0.85 30 Yr. Jumbo 7.28% -0.05 0.64 Updates Weekly - Last Update: 10/28 UMBS 30YR 6.0 100.25 +0.05   97.78 102.75 UMBS 30YR 6.5 101.99 +0.03   100.34 104.00 10 YR Treasury 4.869 -0.017   3.948 5.318 Volatile Gains as Markets Digest Elections and Data Wed, Nov 4, 2026 10:50AM There are several moving parts to today's trading levels, but the TL;DR is that bonds are holding modest gains so far despite some 2-way volatility. The overnight session started out with the strongest gains of the day, clearly coinciding with a stock market swoon.  Stock prices and bond yields bounced higher when the senate majority was called around 1... (read more) MBS Price Change UMBS 5.5 98.09 +0.06 UMBS 6.0 100.26 +0.06 UMBS 6.5 102.00 +0.04 GNMA 5.5 98.22 +0.11 GNMA 6.0 100.26 +0.06 GNMA 6.5 101.82 +0.02 Pricing as of: 11/4 8:37PM EST US Treasury Yield Change 2 YR Treasury 4.577 -0.004 5 YR Treasury 4.674 -0.012 7 YR Treasury 4.760 -0.015 10 YR Treasury 4.874 -0.011 30 YR Treasury 5.262 -0.018 Pricing as of: 11/4 8:37PM EST Other News AI Strategy, SaaS, HELOC, Non-QM Products; Webinars; Capital Markets React to Election Results Wed, Nov 4, 2026 11:48AM Yes, there was/is an election which is certainly a discussion topic here in Dallas, but regardless of the results, many people who don’t own homes want to buy one, and people who do may be facing life changes and could use personal advice. Here’s a trend: Homeowners who won’t give up a 3 percent mortgage are becoming landlords instead. Do you have a product ... (read more) Latest Video ISM non-manufacturing PMI comes in at 54.5 in October, below estimates Fed's Logan: Need at least 2 quarter-point hikes, calls for pause after 50 ... October ISM manufacturing PMI comes in at 55.5, beating estimates Fed's Musalem: Not concerned by recent tightening of financial conditions Around the Web CNBC A massive trade just happened in a leading mortgage lender: Watch Options Action Live HousingWire Exclusive: Victor Ciardelli on merger of Rate, Compass JVs into top-10 retail lender CNBC Mortgage rates drop for the third straight week, but homebuyers are still leaving the market CNBC Private companies added 86,000 jobs in October, slightly higher than expected, ADP says Institute for Supply Management ISM: Services PMI at 54.5% CNBC Fannie Mae, Freddie Mac rally as Ackman presses for conservatorship exit CNBC Job openings posted big September gain in positive sign for labor market ahead of payrolls report Investing Live EIA weekly US crude oil inventories -865K vs +877K expected Investing Live JOLTs Job openings 7.523M vs 7.100M estimate S&P Global S&P Services PMI: Employment growth sustained but confidence down to five-month low BEA U.S. International Trade in Goods and Services, September 2026 Eye on Housing Construction Job Openings Rise in September Investing Live US September factory orders +1.8% vs +1.2% expected

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