Mortgage rates actually fell today--something they've done only 7 times since August 25th. While the outright levels remain near the highest since 2003, they're near the lowest in just over a week with top-tier 30yr fixed rates down to 7.56% for the average lender. What gives? Is this a sign that recent upward momentum is starting to wane? It's too soon to conclude such things, but it is somewhat encouraging that yesterday's long-term high was basically right in line with the high seen on September 30th (7.61 vs 7.60). This is the sort of "double top" behavior that some analysts look for when trying to identify momentum shifts. Bottom line: it's too soon to start celebrating. But it's better than the average day of late. [thirtyyearmortgagerates]

October 6, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 7.56% -0.05%   5.99% 7.61% 15 Yr. Fixed 7.22% -0.01%   5.55% 7.23% 30 Yr. Jumbo 7.70% +0.00%   6.1% 7.7% Compare Mortgage Rates from Local Lenders for Oct 6, 2026 Mortgage Rates Near 1-Week Lows Tue, Oct 6, 2026 3:40PM Mortgage rates actually fell today--something they've done only 7 times since August 25th. While the outright levels remain near the highest since 2003, they're near the lowest in just over a week with top-tier 30yr fixed rates down to 7.56% for the average lender. What gives? Is this a sign that recent upward momentum is starting to wane? It's too soon to conclude such things, but it is somewhat encouraging that yesterday's long-term high was basically right in line with the high seen on September 30th (7.61 vs 7.60). This is the sort of "double top" behavior that some analysts look for when... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 7.56% -0.05 0.00 15 Yr. Fixed 7.22% -0.01 0.00 30 Yr. FHA 7.20% -0.04 0.00 30 Yr. Jumbo 7.70% 0.00 0.00 7/6 SOFR ARM 6.89% +0.02 0.00 30 Yr. VA 7.22% -0.03 0.00 Updates Daily - Last Update: 10/6 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 98.07 +0.23   97.79 102.75 UMBS 30YR 6.5 100.58 +0.20   100.34 104.00 10 YR Treasury 5.280 -0.027   3.948 5.316 Overnight Adaptive Cruise, Following Oil Tue, Oct 6, 2026 10:00AM If rate movement were a car, it's been driving pretty recklessly recently, and definitely not keeping good pace with other motorists. But every now and then, we see a break in the craziness. The overnight trading session provided an example. The bond car set its adaptive cruise control to follow the car in front of it (oil prices, in today's case). That's le... (read more) MBS Price Change UMBS 5.5 95.36 +0.23 UMBS 6.0 98.07 +0.23 UMBS 6.5 100.57 +0.19 GNMA 5.5 95.66 +0.22 GNMA 6.0 98.30 +0.22 GNMA 6.5 100.57 +0.24 Pricing as of: 10/6 6:25PM EST US Treasury Yield Change 2 YR Treasury 4.798 -0.016 5 YR Treasury 5.033 -0.021 7 YR Treasury 5.154 -0.029 10 YR Treasury 5.285 -0.023 30 YR Treasury 5.659 -0.004 Pricing as of: 10/6 6:25PM EST Other News Polly Enters Hedging, Digital Lending, LO Exploration, Servicing, Correspondent Products; Penny and VantageScore Tue, Oct 6, 2026 11:24AM I like to say that I am one good Lottery Scratcher away from ditching this daily Commentary gig and starting something new. All kidding aside, where should we start today? With the rumored FICO layoffs yesterday afternoon? Iowa, Michigan, and the Carolinas all having conferences now? Pennymac is now live with VantageScore 4.0 across all three production chan... (read more) Latest Video Housing costs squeeze voters: Here's what to know 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 Around the Web Investing Live Fed’s Daly: More tightening depends on whether AI, tariff and energy shocks persist Investing Live Fed Schmid: Labor force remains a in a good place CNBC China shuts hundreds of banks as Beijing moves to shore up its financial system Federal Reserve Modernizing the Regulatory and Supervisory Landscape CNBC Treasury yields are broadly flat as investors anticipate FOMC minutes Investing Live US International Trade balance for August -105.6B vs -102.0B. Investing Live EUR/USD rebounds as French government takes steps to reduce deficit, narrowing OAT-Bund spread Realtor.com Institutional Investors Are Quietly Returning to the Housing Market 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 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

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