Mortgage rates moved higher again on Tuesday as the bond market continues recalibrating expectations for Fed policy, economic growth, and inflation. The weakness is especially frustrating considering a fairly large drop in oil prices today, but as we discussed yesterday, rates have a lot more on their mind than oil these days. Our top-tier 30yr fixed rate index rose from 7.50 to 7.58% today--the highest since November 1st, 2023. In this sense, mortgage rates are doing much better than their often-cited benchmark, the 10yr Treasury yield, which is the highest level since 2007. That's because mortgage rates are directly based on mortgage-backed securities (MBS) and not U.S. Treasuries, and MBS have been outperforming Treasuries relative to 2023's levels. Today's economic data didn't offer meaningful relief although it wasn't a driver of today's upward pressure. We're seeing more and more evidence that at least some of that pressure has to do with factors such as the quarter-end trading environment which transcends news headlines and economic reports. This doesn't necessarily mean that rate momentum will reverse on October 1st, but the month could at least restore a more logical relationship between typical causes and effects.

September 29, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 7.58% +0.08%   5.99% 7.58% 15 Yr. Fixed 7.20% +0.08%   5.55% 7.2% 30 Yr. Jumbo 7.60% +0.04%   6.1% 7.6% Compare Mortgage Rates from Local Lenders for Sep 29, 2026 Mortgage Rates Rise to 7.58% Tue, Sep 29, 2026 4:03PM Mortgage rates moved higher again on Tuesday as the bond market continues recalibrating expectations for Fed policy, economic growth, and inflation. The weakness is especially frustrating considering a fairly large drop in oil prices today, but as we discussed yesterday, rates have a lot more on their mind than oil these days. Our top-tier 30yr fixed rate index rose from 7.50 to 7.58% today--the highest since November 1st, 2023. In this sense, mortgage rates are doing much better than their often-cited benchmark, the 10yr Treasury yield, which is the highest level since 2007. That's because m... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 7.58% +0.08 0.00 15 Yr. Fixed 7.20% +0.08 0.00 30 Yr. FHA 7.24% +0.07 0.00 30 Yr. Jumbo 7.60% +0.04 0.00 7/6 SOFR ARM 6.87% +0.02 0.00 30 Yr. VA 7.25% +0.06 0.00 Updates Daily - Last Update: 9/29 Freddie Mac Rate Change Points 30 Yr. Fixed 7.03% +0.08 0.00 15 Yr. Fixed 6.42% +0.16 0.00 Updates Weekly - Last Update: 9/24 Mortgage Bankers Assoc. 30 Yr. Fixed 7.12% +0.15 0.73 15 Yr. Fixed 6.43% +0.13 1.15 30 Yr. Jumbo 7.15% +0.12 0.53 Updates Weekly - Last Update: 9/24 UMBS 30YR 6.0 98.12 -0.09   98.10 102.75 UMBS 30YR 6.5 100.67 +0.01   100.57 104.00 10 YR Treasury 5.237 -0.003   3.948 5.256 Now Completely Shunning The Drop in Oil Tue, Sep 29, 2026 9:37AM Bonds were initially modestly stronger overnight, but mostly sideways in the bigger picture. Right at the 8:20am CME open, bond sellers were clearly waiting in line to sell. This is another small anecdote that potentially suggests month/quarter-end trading is contributing to this week's volatility. It could also be an ongoing defensive stance ahead of t... (read more) MBS Price Change UMBS 5.5 95.59 +0.03 UMBS 6.0 98.23 +0.02 UMBS 6.5 100.68 +0.02 GNMA 5.5 95.65 -0.16 GNMA 6.0 98.37 +0.01 GNMA 6.5 100.46 +0.04 Pricing as of: 9/29 5:47PM EST US Treasury Yield Change 2 YR Treasury 4.877 -0.050 5 YR Treasury 5.047 -0.025 7 YR Treasury 5.140 -0.011 10 YR Treasury 5.233 -0.007 30 YR Treasury 5.565 +0.015 Pricing as of: 9/29 5:47PM EST Other News AI Marketing, SOC, HELOC Fulfillment Tools; Rocket Makes VantageScore Move, But Serious Investor Questions Remain Tue, Sep 29, 2026 11:13AM Lender and Brokers Products, Services, and Software Regulatory oversight for automated valuation models (AVMs) has shifted in recent years, placing greater emphasis on rigorous testing and validation. Lenders who aren’t keeping pace with evolving compliance requirements can be exposed to greater risk. ICE’s AVM Model Monitor provides on-demand detailed rep... (read more) Latest Video Job openings and labor turnover comes in at 7.08 million vs 7.2 million est... Growth is part of the reason yields are moving higher, says Partners Group’... Stocks pop, oil prices fall on report U.S.-Iran talks entered technical sta... September consumer sentiment exceeds estimates Around the Web Investing Live Fed's Williams: One more hike likely this year is likely enough CNBC Homeowners are sitting on record equity and not using it Investing Live JOLTS job openings 7.079M vs 7.225M estimate PR Newswire US Consumer Confidence Fell in September Investing Live Trump prepared to ease sanctions and release frozen funds for nuclear progress - report Eye on Housing August Construction Job Openings Investing Live Fed’s Barr expects GDP growth to pick up in the second half of the year BLS Job Openings and Labor Turnover Summary FHFA U.S. house prices rose nationwide in July, up 0.3 percent from the previous month Investing Live Fed's Musalem touts having a framework as the backbone of communication strategy CNBC Treasury yields move lower as inflation concerns persist S&P Global S&P Cotality Case-Shiller Index Reports Annual Gain in July 2026 CNBC The Fed's main inflation measure will be released Wednesday. Here's what to expect

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