After dropping sharply over the past 5 days, mortgage rates finally reminded us that they're still capable of moving higher. Thankfully, today's bump was modest in the recent context, only adding 0.04% to a 30yr fixed that had fallen 0.27% since October 7th.  Even though today's losses were minimal, they're potentially informative. Much of this week's improvement can be traced to concerns surrounding tech companies, and possible warning signs about a reduction in AI-related spending/investment throughout the sector.  While it's too early to draw any conclusions about such things, we can certainly observe a strong correlation between tech stocks and interest rates as of October 8th. What's notable about today is that rates refused to follow tech stocks any lower, even though the NASDAQ had an even worse day than it did on Wednesday.  The counterpoint--if there is one--is that oil prices launched higher, which may have prevented bonds/rates from getting too excited. Still, oil has been moving higher during the same time frame that rates have been improving, so one could easily ask "why does oil suddenly matter now?" There's not really a great answer to that question, so we're left to conclude that bonds/rates are feeling a bit of resistance after this week's bull run. 

October 16, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 7.37% +0.04%   5.99% 7.61% 15 Yr. Fixed 7.04% +0.06%   5.55% 7.23% 30 Yr. Jumbo 7.67% +0.02%   6.1% 7.71% Compare Mortgage Rates from Local Lenders for Oct 16, 2026 Mortgage Rates Slightly Higher Today, But Sharply Lower This Week Fri, Oct 16, 2026 2:18PM After dropping sharply over the past 5 days, mortgage rates finally reminded us that they're still capable of moving higher. Thankfully, today's bump was modest in the recent context, only adding 0.04% to a 30yr fixed that had fallen 0.27% since October 7th.  Even though today's losses were minimal, they're potentially informative. Much of this week's improvement can be traced to concerns surrounding tech companies, and possible warning signs about a reduction in AI-related spending/investment throughout the sector.  While it's too early to draw any conclusions about such things, w... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 7.37% +0.04 0.00 15 Yr. Fixed 7.04% +0.06 0.00 30 Yr. FHA 6.99% +0.01 0.00 30 Yr. Jumbo 7.67% +0.02 0.00 7/6 SOFR ARM 6.81% +0.02 0.00 30 Yr. VA 7.01% +0.01 0.00 Updates Daily - Last Update: 10/16 Freddie Mac Rate Change Points 30 Yr. Fixed 7.40% 0.00 0.00 15 Yr. Fixed 6.71% -0.02 0.00 Updates Weekly - Last Update: 10/15 Mortgage Bankers Assoc. 30 Yr. Fixed 7.50% +0.01 0.83 15 Yr. Fixed 6.87% +0.16 0.90 30 Yr. Jumbo 7.49% +0.10 0.70 Updates Weekly - Last Update: 10/14 UMBS 30YR 6.0 98.95 -0.14   97.78 102.75 UMBS 30YR 6.5 101.19 -0.13   100.34 104.00 10 YR Treasury 5.081 +0.011   3.948 5.318 Bonds Still Capable of Selling Fri, Oct 16, 2026 10:06AM The past two days saw a unique confluence of factors that led to a precipitous, unexpected, and fairly large rally in the bond market. The easiest scapegoat is the general notion of fear surrounding AI/tech share prices and debt contagion. One simple effect was investors reallocating out of stocks and into bonds. Another effect could be investors shifting ou... (read more) MBS Price Change UMBS 5.5 96.49 -0.15 UMBS 6.0 98.95 -0.14 UMBS 6.5 101.19 -0.13 GNMA 5.5 96.59 -0.17 GNMA 6.0 98.98 -0.18 GNMA 6.5 100.80 -0.19 Pricing as of: 10/16 6:18PM EST US Treasury Yield Change 2 YR Treasury 4.706 -0.041 5 YR Treasury 4.871 -0.008 7 YR Treasury 4.963 +0.003 10 YR Treasury 5.081 +0.011 30 YR Treasury 5.423 +0.016 Pricing as of: 10/16 6:18PM EST Other News AI Document, Broker, U/W, QC Tools; Lender/Investor Earnings; Credit News; LO Retention Examined Fri, Oct 16, 2026 11:28AM The MBA believes that 2027’s production will be 5 percent less than 2026’s and be below $2 trillion. “Rob, are you hearing that, with volumes down (units and volume), lenders are once again examining keeping entire loan originator workforces?” Indeed I am. At the most basic level, as we move through autumn and into winter with no sign of greatly improved rat... (read more) Latest Video Treasury: Fiscal year 2026 budget deficit rises to $1.99 trillion Experts react to September PPI report Wholesale prices jumped 6.3% annually in September, biggest gain since 2022 September industrial production comes in stronger than expected Around the Web CNBC U.S. budget deficit swells to almost $2 trillion for fiscal 2026, up 12% in a single year Eye on Housing Research Highlights the Broad Benefits of Homeownership Investing Live Prices for gasoline increased 34.2 percent over the year ended September 2026 Investing Live US weekly EIA crude oil inventories -8557K vs -288K expected CNBC U.S Treasury yields inch lower as investors digest hot inflation data Investing Live US September industrial production +0.7% vs +0.4% expected Eye on Housing Single-Family Permitting Declines Through August CNBC Wholesale prices jumped 6.3% annually in September, biggest gain since 2022 CNBC U.S. Treasury yields plunge after hot CPI print as investors await more economic data Eye on Housing Building Material Price Inflation Nears Four Year High Investing Live US initial jobless claim 199K vs 200K estimate Investing Live US retails sales for September 0.8% MoM vs 1.1% last month Investing Live US August business inventories +0.4% vs +0.4% expected

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