Mortgage rates ended last week at the lowest levels in just over a month. It was the 3rd best day in over a year and the 24th best day in over 3 years. The other 23 days weren't too much lower either. The only difference today is a microscopic improvement that makes it the 2nd best day in over a year. In other words, we're hanging out near 3 year lows with minimal volatility. In order to see sharper, more sustained momentum, we'd likely need the government shutdown to end. That would allow the most consequential economic reports (like the jobs report) to be released. It would also allow data collection to resume for future jobs reports. Between now and then, there is other data to guide the rate market, but it's just not as heavy hitting. This week is particularly light in that regard, but there's one exception. The BLS received an exception to compile September's CPI inflation data, to be released this Friday. It's not quite on par with the jobs report, but it can certainly get rates moving (for better or worse, depending on the details).

October 20, 2025 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.22% -0.01%   6.13% 7.26% 15 Yr. Fixed 5.80% -0.01%   5.6% 6.59% 30 Yr. Jumbo 6.18% -0.02%   6.14% 7.45% Compare Mortgage Rates from Local Lenders for Oct 20, 2025 Another Boring Day With Mortgage Rates Near 3-Year Lows Mon, Oct 20, 2025 3:23PM Mortgage rates ended last week at the lowest levels in just over a month. It was the 3rd best day in over a year and the 24th best day in over 3 years. The other 23 days weren't too much lower either. The only difference today is a microscopic improvement that makes it the 2nd best day in over a year. In other words, we're hanging out near 3 year lows with minimal volatility. In order to see sharper, more sustained momentum, we'd likely need the government shutdown to end. That would allow the most consequential economic reports (like the jobs report) to be released. It would also allow data ... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.22% -0.01 0.00 15 Yr. Fixed 5.80% -0.01 0.00 30 Yr. FHA 5.98% -0.01 0.00 30 Yr. Jumbo 6.18% -0.02 0.00 7/6 SOFR ARM 5.70% 0.00 0.00 30 Yr. VA 6.00% -0.01 0.00 Updates Daily - Last Update: 10/20 Freddie Mac Rate Change Points 30 Yr. Fixed 6.27% -0.03 0.00 15 Yr. Fixed 5.52% -0.01 0.00 Updates Weekly - Last Update: 10/16 Mortgage Bankers Assoc. 30 Yr. Fixed 6.42% -0.01 0.61 15 Yr. Fixed 5.77% 0.00 0.70 30 Yr. Jumbo 6.47% -0.13 0.53 Updates Weekly - Last Update: 10/15 UMBS 30YR 5.0 99.90 +0.12   95.05 99.98 UMBS 30YR 5.5 101.22 +0.07   97.47 101.28 10 YR Treasury 3.979 -0.031   3.932 4.780 Better Buying at 8:20am Open; No Data Mon, Oct 20, 2025 11:16AM New week. Same grind. We're waiting (likely for a good while longer) for the government shutdown to end before the most relevant econ data can truly exert influence on the bond market in the big picture. On the plus side, the trading in the interim has erred on the bullish side thanks to the available non-gov data and anxiety over trade tensions. So far this... (read more) MBS Price Change UMBS 4.5 98.06 +0.15 UMBS 5.0 99.90 +0.12 UMBS 5.5 101.22 +0.07 GNMA 4.5 98.03 +0.14 GNMA 5.0 99.81 +0.03 GNMA 5.5 100.94 +0.04 Pricing as of: 10/20 7:17PM EST US Treasury Yield Change 2 YR Treasury 3.457 -0.005 5 YR Treasury 3.571 -0.021 7 YR Treasury 3.757 -0.024 10 YR Treasury 3.979 -0.031 30 YR Treasury 4.570 -0.037 Pricing as of: 10/20 7:17PM EST Other News Bank Statement, DSCR, LOS, CE, Compliance Tools; Conference Chatter About Credit and Agency News Mon, Oct 20, 2025 11:50AM “Why did the Dalai Lama go to Las Vegas? Because he loves Tibet.” Here at the “MBA Annual,” the puns may not be flying, but there is news bouncing off the walls, some of it learned just by chatting in the hallways. (And there is plenty of time spent walking through the convention center… I need a Segway!) The Mortgage Bankers Association (MBA) announced that... (read more) Latest Video Former Dallas Fed President: The bar for further cuts after October is high... A proxy for jobless claims data: Here's what to know WaFd CEO: Market is overreacting and regional banks are strong National Retail Federation CEO: Consumer continues to be resilient heading ... Around the Web Eye on Housing Non-Conventional Financing for New Home Sales Loses Ground in 2024 CNBC U.S. and Australia sign critical minerals agreement with $8.5 billion project pipeline CNBC Treasury yields inch higher as investors weigh the state of the U.S. economy Calculated Risk Blog Housing October 20th Weekly Update: Inventory Up 0.3% Week-over-week Realtor.com New-Home Construction Is Barreling Toward a Standstill if Government Shutdown Continues CNBC What student loan borrowers can and can't do, as the government shutdown stretches on CNBC Fed Governor Miran wants a half-point cut this month, while Waller backs another quarter-point move CNBC Regional banks and Jefferies shares tank as concerns grow on Wall Street about sour loans CNBC Tariff costs to companies this year to hit $1.2 trillion, with consumers taking most of the hit, S&P says American Bankers Assoc. National Survey: U.S. Consumers Rank Banks Above OtherIndustries for Fraud Protection, Support Consistent Rules for DataSharing CNBC Treasury yields inch lower as U.S. government shutdown enters 17th day Eye on Housing Better Growth, Larger Deficits: CBO Fiscal Outlook CNBC Treasury yields tick lower as investors hunt for clues on Fed policy path

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