Mortgage rates technically ticked a hair lower today, but it's more accurate to view them as being broadly sideways. Some lenders issued improvements yesterday afternoon.  Those lenders were closer to unchanged this morning.   As of this afternoon, several lenders have already issued slight rate increases due to weakness in the bond market.   Bonds dictate rates. Today, bonds took cues from two main events in the afternoon.  The first was a scheduled auction of 10yr Treasuries. Auction demand was slightly weaker than expected. This pushes Treasury yields higher and Treasury yields correlate with mortgage rates.  An hour later, the Fed released the minutes from the last Fed meeting 3 weeks ago. The minutes painted a slightly less rate-friendly picture than was in place at the time. This created a bit of extra weakness in the bond market, but only by a barely detectable amount. All told, the bonds that specifically pertain to mortgage rates were right at the same levels seen during the same time frame yesterday afternoon.  In general, that will equate to mortgage rates being at the same levels as well.

October 8, 2025 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.28% +0.01%   6.13% 7.26% 15 Yr. Fixed 5.82% +0.00%   5.6% 6.59% 30 Yr. Jumbo 6.20% +0.00%   6.14% 7.45% Compare Mortgage Rates from Local Lenders for Oct 8, 2025 Mortgage Rates Remain Steady Wed, Oct 8, 2025 3:00PM Mortgage rates technically ticked a hair lower today, but it's more accurate to view them as being broadly sideways. Some lenders issued improvements yesterday afternoon.  Those lenders were closer to unchanged this morning.   As of this afternoon, several lenders have already issued slight rate increases due to weakness in the bond market.   Bonds dictate rates. Today, bonds took cues from two main events in the afternoon.  The first was a scheduled auction of 10yr Treasuries. Auction demand was slightly weaker than expected. This pushes Treasury yields higher ... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.28% +0.01 0.00 15 Yr. Fixed 5.82% 0.00 0.00 30 Yr. FHA 6.01% +0.01 0.00 30 Yr. Jumbo 6.20% 0.00 0.00 7/6 SOFR ARM 5.72% +0.01 0.00 30 Yr. VA 6.03% +0.01 0.00 Updates Daily - Last Update: 10/16 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 6.43% -0.03 0.60 15 Yr. Fixed 5.77% +0.01 0.79 30 Yr. Jumbo 6.60% +0.06 0.44 Updates Weekly - Last Update: 10/8 UMBS 30YR 5.0 99.91 +0.18   95.05 99.96 UMBS 30YR 5.5 101.21 +0.11   97.47 101.28 10 YR Treasury 3.979 -0.050   3.932 4.780 Light Calendar; Afternoon in Focus Wed, Oct 8, 2025 9:33AM While there are a smattering of Fed speakers on the calendar today, the morning comments are not likely to have an impact. In fact, the average Fed speech is a forgettable event these days as there are only so many ways to say "inflation is still higher than we want, but we're feeling a bit more nervous about the labor market." Other than that, it is only th... (read more) MBS Price Change UMBS 4.5 98.05 +0.29 UMBS 5.0 99.90 +0.17 UMBS 5.5 101.20 +0.11 GNMA 4.5 97.97 +0.22 GNMA 5.0 99.98 +0.04 GNMA 5.5 100.93 +0.00 Pricing as of: 10/16 3:26PM EST US Treasury Yield Change 2 YR Treasury 3.419 -0.081 5 YR Treasury 3.548 -0.072 7 YR Treasury 3.741 -0.064 10 YR Treasury 3.977 -0.052 30 YR Treasury 4.588 -0.038 Pricing as of: 10/16 3:26PM EST Other News Trading, Non-QM, Fraud Detection Tools; Equifax's Price Cut; Webinars and Events Wed, Oct 8, 2025 11:50AM We’re sailing through autumn. Places like Seattle and Minneapolis are losing 3-5 minutes of sunlight a day. Donald Trump told Congress to end changing clocks, but is seems that most states will still do it (“spring ahead, fall back”) November 2. Time flies, and we’re 23 days away from Halloween. Despite how it’s celebrated by 5-year-olds and their parents, f... (read more) Latest Video U.S. Treasury sells $39B in 10-year notes HousingWire's Logan Mohtashami: Whenever mortgage rates head near 6%, housi... Don Peebles: Govt. shutdown is bringing instability to housing marketplace Private data filling the void? The trouble with private sector data Around the Web Eye on Housing Refinancing Activity Surges in September CNBC Borrowers head back to riskier mortgages, looking for any potential savings Market Watch Equifaxs credit-score pricing counterpunch draws praise for potential profit boost CNBC Investors are making up the highest share of homebuyers in 5 years CNBC What the government shutdown means for commercial real estate CNBC Consumer outlook sours as inflation expectations rise, New York Fed survey finds Calculated Risk Blog 1st Look at Local Housing Markets in September CNBC 'Around half' of Fed officials saw another two interest rate cuts by the end of 2025 CNBC U.S. Treasury yields tick lower as government shutdown drags on Calculated Risk Blog Wholesale Used Car Prices Declined Slightly in September; Up 2% Year-over-year NY Fed September Survey: Inflation Expectations Tick Up at Short- and Longer-Term Horizons; Labor Market Expectations Deteriorate CNBC Treasury yields little changed as investors look to comments from Fed officials Calculated Risk Blog Asking Rents Mostly Unchanged Year-over-year

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