Daily Newsletter: Wednesday October 28, 2026

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October 28, 2026

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Compare Mortgage Rates from Local Lenders for Oct 28, 2026

Mortgage Rates Move Modestly Higher

Wed, Oct 28, 2026 4:15PM

Today's Fed announcement had no impact on mortgage rate movement, and minimal impact on intraday bond market volatility. Well before the Fed announcement, the bond market was already slightly weaker compared to yesterday's latest levels. As a result the average mortgage lender set rates just a hair higher. Despite the increase, 30yr fixed rates are only 0.05% above the low of 7.30% seen last week and only 0.02% above yesterday's mark of 7.33%. Recent upward pressure is a factor of improvement in investor sentiment surrounding the tech sector. (read more)

Mortgage News Daily	Rate	Change	Points
30 Yr. Fixed	7.35%	+0.02	0.00
15 Yr. Fixed	7.00%	-0.01	0.00
30 Yr. FHA	6.99%	+0.01	0.00
30 Yr. Jumbo	7.60%	0.00	0.00
7/6 SOFR ARM	6.86%	+0.01	0.00
30 Yr. VA	7.00%	+0.01	0.00
Updates Daily - Last Update: 10/28

Freddie Mac	Rate	Change	Points
30 Yr. Fixed	7.32%	-0.08	0.00
15 Yr. Fixed	6.68%	-0.03	0.00
Updates Weekly - Last Update: 10/22

Mortgage Bankers Assoc.
30 Yr. Fixed	7.41%	-0.09	0.75
15 Yr. Fixed	6.73%	-0.14	0.73
30 Yr. Jumbo	7.33%	-0.16	0.60
Updates Weekly - Last Update: 10/21

Here's What Changed in The New Fed Announcement

Wed, Oct 28, 2026 2:00PM

The Federal Open Market Committee approved the following statement for release by a 12 10 – 0 2 vote: The Committee decided to raise maintain the target range for the federal funds rate by 1/4 percentage point to at 3-3/4 to 4 percent, in support of the Federal Reserve's dual mandate. The Committee is continuing its policy of maintaining ample... (read more)

Bonds Trying to Ignore Tech Sector Healing

Wed, Oct 28, 2026 10:38AM

Coreweave stock moved higher again overnight and Coreweave bond yields continued lower, with some issues now back to yields seen 2 weeks ago. Treasuries/MBS have been doing their best to hold sideways after last week's rally, but can only do so much when that rally was driven by factors that are visibly unwinding. As for today's Fed announcement, the focus w... (read more)

MBS	Price	Change
UMBS 5.5	97.24	+0.08
UMBS 6.0	99.60	+0.14
UMBS 6.5	101.47	+0.12
GNMA 5.5	97.47	+0.10
GNMA 6.0	99.54	-0.10
GNMA 6.5	101.30	+0.12
Pricing as of: 10/28 6:56PM EST

US Treasury	Yield	Change
2 YR Treasury	4.698	-0.039
5 YR Treasury	4.832	-0.006
7 YR Treasury	4.919	+0.007
10 YR Treasury	5.017	+0.018
30 YR Treasury	5.345	+0.033
Pricing as of: 10/28 6:56PM EST

Other News

AI Governance, License Renewal, Servicing Transfer, SOC Products; Fannie Earnings

Wed, Oct 28, 2026 11:01AM

The other day I went to Costco, and for $5.99 bought a pumpkin pie the size of a hubcap. What inflation? Costco’s hot dog/soda combo or the rotisserie chicken are loss leaders, but actual gasoline, beef, lettuce, restaurant meals, goods from overseas, and other items’ price changes have kept inflation in the headlines and impacted mortgage rates. (Other head... (read more)

Latest Video

Countdown to the Fed decision

September new home sales beat estimates

Mohamed El-Erian: It's a good thing we're seeing differentiation in AI

October consumer confidence comes in at 91.7, beating estimates

Around the Web

CNBC

Fed holds rates steady despite concerns over inflation

Eye on Housing

Homeownership Rate Rises to 65.5%

Federal Reserve

Federal Reserve issues FOMC statement

CNBC

Mortgage rates fell for the second straight week, but more borrowers still sought savings in riskier loans

Investing Live

The weekly oil inventory data shows a drawdown of -1.892M vs expectations of a 0.015M build.

Investing Live

US Wholesale inventories 0.6% vs 0.5% estimate

CNBC

Treasury yields tick higher ahead of Federal Reserve interest rate decision

Investing Live

October US consumer confidence 91.7 vs 81.0 expected

Eye on Housing

Affordability Challenges Push New Home Sales Lower

CNBC

Frozen housing market sends remodelers mixed messages

S&P Global

Case-Shiller U.S. National Home Price NSA Index posted a 2.1% annual gain for August 2026

FHFA

FHFA House Price Index® Up 0.3 Percent in August; Up 2.4 Percent from Last Year

Investing Live

US September durable goods orders +1.8% vs +1.7% expected

Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc.

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