Interest rates continue taking cues from the market rethinking the pace of AI-related growth/spending. Last week's focus was on Coreweave and a few other companies who saw their cost of financing rapidly increase--a sign that investors were starting to worry about future return of capital. One remedy for such worries is to shift money into the safest parts of the bond market such as US Treasuries and mortgage-backed bonds. As demand for those bonds increases, rates fall.  Today was a sharper, broader continuation of the same theme. Disappointing earnings calls and guidance for several big names resulted in heavy selling of tech stocks in addition to ongoing spikes in financing costs for Coreweave and other higher-risk names.  In the simplest terms: tech is tanking and bonds are picking up the slack. The average top-tier 30yr fixed rate fell 0.10 today to 7.30%. This is the lowest since September 23rd when it was 7.26%. 

October 22, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 7.30% -0.10%   5.99% 7.61% 15 Yr. Fixed 6.96% -0.08%   5.55% 7.23% 30 Yr. Jumbo 7.60% -0.05%   6.1% 7.71% Compare Mortgage Rates from Local Lenders for Oct 22, 2026 Another Nice Drop For Rates, Now Near 1-Month Lows Thu, Oct 22, 2026 3:50PM Interest rates continue taking cues from the market rethinking the pace of AI-related growth/spending. Last week's focus was on Coreweave and a few other companies who saw their cost of financing rapidly increase--a sign that investors were starting to worry about future return of capital. One remedy for such worries is to shift money into the safest parts of the bond market such as US Treasuries and mortgage-backed bonds. As demand for those bonds increases, rates fall.  Today was a sharper, broader continuation of the same theme. Disappointing earnings calls and guidance for several bi... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 7.30% -0.10 0.00 15 Yr. Fixed 6.96% -0.08 0.00 30 Yr. FHA 6.92% -0.13 0.00 30 Yr. Jumbo 7.60% -0.05 0.00 7/6 SOFR ARM 7.78% +0.96 0.00 30 Yr. VA 6.94% -0.12 0.00 Updates Daily - Last Update: 10/22 Freddie Mac Rate Change Points 30 Yr. Fixed 7.32% -0.08 0.00 15 Yr. Fixed 6.68% -0.03 0.00 Updates Weekly - Last Update: 10/22 Mortgage Bankers Assoc. 30 Yr. Fixed 7.50% +0.01 0.83 15 Yr. Fixed 6.87% +0.16 0.90 30 Yr. Jumbo 7.49% +0.10 0.70 Updates Weekly - Last Update: 10/14 UMBS 30YR 6.0 99.58 +0.72   97.78 102.75 UMBS 30YR 6.5 101.54 +0.54   100.34 104.00 10 YR Treasury 4.953 -0.172   3.948 5.318 Don't Overthink It. Same Old (New) Story Thu, Oct 22, 2026 9:18AM Oil prices are up. Bond yields are down sharply. If this was early September, that wouldn't make sense. Bonds decoupled from the oil correlation on Fed week and then REALLY decoupled as stronger econ data was priced in, starting with that very weird S&P PMI reaction on Sept 23. Ever since then, yields have been fumbling around in the dark, trying to find... (read more) MBS Price Change UMBS 5.5 97.22 +0.88 UMBS 6.0 99.58 +0.72 UMBS 6.5 101.54 +0.54 GNMA 5.5 97.34 +0.81 GNMA 6.0 99.51 +0.58 GNMA 6.5 101.25 +0.40 Pricing as of: 10/22 6:57PM EST US Treasury Yield Change 2 YR Treasury 4.638 -0.165 5 YR Treasury 4.772 -0.178 7 YR Treasury 4.853 -0.178 10 YR Treasury 4.953 -0.172 30 YR Treasury 5.282 -0.128 Pricing as of: 10/22 6:57PM EST Other News LO Performance, AI Governance, ARM, Non-QM Execution, U/W Tools; In-Person Events Into 2027 Thu, Oct 22, 2026 11:02AM Lender and Broker Products, Services, and Software “Ready to get ahead of what’s next in mortgage technology? Join us for the client-exclusive Optimal Blue Summit 2027, taking place Feb. 1 – 3, 2027, at the JW Marriott Desert Ridge Resort & Spa in Scottsdale, Arizona, for hands-on training, insightful breakout sessions, product demonstrations, and conv... (read more) Latest Video Former Dallas Fed Pres. Robert Kaplan: I don't think the economy is overhea... Pending home sales drop 7.3% in September, missing estimates Oil retreats from 6-month high September housing starts miss estimates Around the Web Marketwatch Bond yields sink below 5% as investors look for safety Investing Live The market now sees a 22% chance the Fed doesn't hike again this year Eye on Housing State-Level Employment Situation: September 2026 CNBC Treasury yields fall as investors weigh Middle East tensions and await fresh jobs data CNBC Mortgage rates drop for the first time in 2 months, but demand still falls further Yahoo Finance The Conference Board Leading Economic Index® (LEI) for the US Was Flat in September Investing Live US initial jobless claims 194K vs 200K estimate. Better than expected. Investing Live US treasury sells $13 billion of 20 year bonds at a high yield of 5.469% Investing Live Crude oil inventories show a draw of -3.060M versus estimate of -0.82 million drawdown Eye on Housing Market Share for Modular and Other Non-Site Built Housing in 2025 Investing Live Morning Kickstart: Dollar mixed as oil swings on conflicting US-Iran headlines CNBC Treasury yields steady as investors await jobless claims, mortgage data BLS Real average hourly earnings decreased 0.7 percent from September 2025 to September 2026

© 2026  Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: [recipientemail]. Go here to UNSUBSCRIBE from this email.