The good news is that today's average top-tier 30yr fixed rate ended only 0.01% higher than last week's high (7.61 vs 7.60). If you are only interested in good news, have a great rest of your Monday and you're free to go. The rest of the news isn't terrible, but we we can't classify it as "good." Bonds lost ground today and, as has been the case on many recent occasions, there weren't any new, obvious scapegoats.  On a vast majority of days when rates make a move, there's a decent enough case to be made for some underlying cause. These days however, it's increasingly common to have to fall back on generalities like the following (warning: the list can be esoteric in parts, for those who aren't bond nerds): Iran War's implied impact on inflation and Treasury issuance Elevated Treasury issuance (fiscal imbalances) Elevated corporate bond issuance (competes for investor demand) Resilient stocks (competes for investor demand) Generally/gradually lower foreign demand (partly driven by tariffs and weaker trade relationships) Genuine strength/resilience in economic data A Federal Reserve that is willing to use the Fed Funds Rate to fight inflation (not the perfect tool, but it's the tool they have) None of these bullet points received a big new dose of information today, though that doesn't mean investors can't react to them over time. In addition, the bond market may be somewhat anxious ahead of this week's scheduled Treasury auctions, but we'll cross that bridge if we come to it (it's been a while since a Treasury auction cycle had a legitimately big impact on rate momentum). 

October 5, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 7.61% +0.04%   5.99% 7.61% 15 Yr. Fixed 7.23% +0.04%   5.55% 7.23% 30 Yr. Jumbo 7.70% +0.04%   6.1% 7.7% Compare Mortgage Rates from Local Lenders for Oct 5, 2026 Mortgage Rates Inch Up to Another Recent High Mon, Oct 5, 2026 4:18PM The good news is that today's average top-tier 30yr fixed rate ended only 0.01% higher than last week's high (7.61 vs 7.60). If you are only interested in good news, have a great rest of your Monday and you're free to go. The rest of the news isn't terrible, but we we can't classify it as "good." Bonds lost ground today and, as has been the case on many recent occasions, there weren't any new, obvious scapegoats.  On a vast majority of days when rates make a move, there's a decent enough case to be made for some underlying cause. These days however, it's increasingly common to have to f... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 7.61% +0.04 0.00 15 Yr. Fixed 7.23% +0.04 0.00 30 Yr. FHA 7.24% +0.04 0.00 30 Yr. Jumbo 7.70% +0.04 0.00 7/6 SOFR ARM 6.87% +0.02 0.00 30 Yr. VA 7.25% +0.04 0.00 Updates Daily - Last Update: 10/5 Freddie Mac Rate Change Points 30 Yr. Fixed 7.28% +0.25 0.00 15 Yr. Fixed 6.60% +0.18 0.00 Updates Weekly - Last Update: 10/1 Mortgage Bankers Assoc. 30 Yr. Fixed 7.30% +0.18 0.75 15 Yr. Fixed 6.56% +0.13 1.02 30 Yr. Jumbo 7.27% +0.12 0.50 Updates Weekly - Last Update: 9/30 UMBS 30YR 6.0 97.84 -0.21   97.84 102.75 UMBS 30YR 6.5 100.38 -0.17   100.38 104.00 10 YR Treasury 5.307 +0.028   3.948 5.307 Weaker Start. No New Reasons Mon, Oct 5, 2026 10:46AM Another week begins with the frustrating reality of the bond market selling just because there's no reason to buy. To be fair, 2yr yields are unchanged, but longer-dated yields are several bps higher than Friday afternoon. All this despite oil prices being lower and econ data being in line with expectations. At this point, anyone offering rationale for the m... (read more) MBS Price Change UMBS 5.5 95.13 -0.28 UMBS 6.0 97.84 -0.21 UMBS 6.5 100.38 -0.17 GNMA 5.5 95.43 -0.27 GNMA 6.0 98.08 -0.28 GNMA 6.5 100.33 -0.08 Pricing as of: 10/5 7:07PM EST US Treasury Yield Change 2 YR Treasury 4.813 -0.017 5 YR Treasury 5.054 -0.005 7 YR Treasury 5.183 +0.021 10 YR Treasury 5.307 +0.028 30 YR Treasury 5.663 +0.051 Pricing as of: 10/5 7:07PM EST Other News AI, Title Waiver, Real Estate Auction, QC, eNote Tools; Financial Literacy Study; MBS Issuance Mon, Oct 5, 2026 11:25AM Today brings us the MBA of the Carolinas conference, where demographics, technology, and “building a team” are on the agenda. Here at the Michigan Mortgage Lender’s Association conference in Ypsilanti, tech is certainly “on the serving platter” in the sessions, but so is how originators should best use what they have to their advantage, which includes knowle... (read more) Latest Video We will probably have a softer housing market by year-end, says eXp CEO We're not at the height of the 10-year yet, says iCapital’s Sonali Basak ISM non-manufacturing PMI comes in at 54.9 in September, missing estimates Why former Minneapolis Fed president Gary Stern believes more rate hikes ar... Around the Web CNBC China shuts hundreds of banks as Beijing moves to shore up its financial system S&P Global Technology sector growth accelerates to its fastest in over five years CNBC Treasury yields inch lower as investors pare back Fed rate hike bets Investing Live ISM non- manufacturing PMI 54.9 versus 55.2 estimate Realtor.com Institutional Investors Are Quietly Returning to the Housing Market Investing Live Crude oil breaks below support as stockpile release headlines pressure prices. CNBC Traders now see little chance of a Fed rate hike in October after weak jobs report CNBC U.S. nonfarm payrolls increase by 29,000 in September, less than expected; unemployment rises to 4.2% Investing Live Fed’s Goolsbee: Labor market is steady, inflation side of Fed’s job is more important Eye on Housing Trade Contractors Account for 42% of Associate Members Eye on Housing Private Residential Construction Spending Posts Broad-Based Gains in August CNBC Treasury yields inch higher as investors await key jobs report Investing Live US factory orders for the month of August 0.1% versus 0.1% estimate

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