http://www.mortgagenewsdaily.com/newsletter/n Mortgage Newsletters Archive https://www.mortgagenewsdaily.com/newsletter/n/20261009 Fri, 09 Oct 2026 04:00:00 GMT Fri, 09 Oct 2026 04:00:00 GMT https://www.mortgagenewsdaily.com/newsletter/n/20261009 Even though the underlying bond market is in slightly weaker shape today, mortgage rates ended up trickling just a bit lower than yesterday's latest levels. This can happen on occasions when there is a strong rally late in the previous day. Mortgage lenders don't end up passing along all of that improvement in rate sheets and some of them decide to wait for the following day to make the adjustments.  In addition, this morning's slightly weaker bond market performance reversed course around 11am and paved the way for multiple lenders to adjust their rates lower over the past few hours. The net effect is a move down to 7.48% for the average to-tier 30yr fixed rate, just barely edging out the 7.49% seen on the morning of October 2nd to claim the lowest spot since September 25th.  Bea Mortgage News Daily http://www.mortgagenewsdaily.com/rss/newsletter https://www.mortgagenewsdaily.com/newsletter/n/20261008 Thu, 08 Oct 2026 04:00:00 GMT Thu, 08 Oct 2026 04:00:00 GMT https://www.mortgagenewsdaily.com/newsletter/n/20261008 Mortgage rates moved lower today at their fastest pace in 3 months with the average top-tier 30yr fixed scenario ultimately falling 0.09%. There were thrills and chills along the way as well. The day actually began with a 0.01% INCREASE versus yesterday's latest levels. This highlights a unique aspect of our rate index which has the ability to change more than once per day in response to mortgage lenders making intraday updates to their rate offerings. In other words, almost every lender lowered their rates today--many of them more than once.  As has often been the case lately, the market movement can't be traced to one standout event. There was certainly some benefit from mid-day headlines regarding the Iran war, but that alone was scarcely sufficient to be labeled as the x facto Mortgage News Daily http://www.mortgagenewsdaily.com/rss/newsletter https://www.mortgagenewsdaily.com/newsletter/n/20261007 Wed, 07 Oct 2026 04:00:00 GMT Wed, 07 Oct 2026 04:00:00 GMT https://www.mortgagenewsdaily.com/newsletter/n/20261007 It was an exciting day for mortgage rates , and while we technically ended up slightly higher, it could have been much worse. In fact, it WAS much worse earlier in the day, but only for about 30 minutes.  Our daily rate index can be updated throughout the day if mortgage lenders change their rates in sufficient numbers. If we reported only the day's opening rate sheets, top-tier 30yr fixed rates would have been over 7.7%. Almost immediately after those initial rates came out (around 9:30am ET), the bond market started to recover. By 11am, multiple lenders had already improved. There was an additional round of improvement in the afternoon with almost every lender dropping their rates at least once (many of them more than once) by the end of the day. The net effect: today's averag Mortgage News Daily http://www.mortgagenewsdaily.com/rss/newsletter https://www.mortgagenewsdaily.com/newsletter/n/20261006 Tue, 06 Oct 2026 04:00:00 GMT Tue, 06 Oct 2026 04:00:00 GMT https://www.mortgagenewsdaily.com/newsletter/n/20261006 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] Mortgage News Daily http://www.mortgagenewsdaily.com/rss/newsletter https://www.mortgagenewsdaily.com/newsletter/n/20261005 Mon, 05 Oct 2026 04:00:00 GMT Mon, 05 Oct 2026 04:00:00 GMT https://www.mortgagenewsdaily.com/newsletter/n/20261005 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 Elevate Mortgage News Daily http://www.mortgagenewsdaily.com/rss/newsletter https://www.mortgagenewsdaily.com/newsletter/n/20261002 Fri, 02 Oct 2026 04:00:00 GMT Fri, 02 Oct 2026 04:00:00 GMT https://www.mortgagenewsdaily.com/newsletter/n/20261002 Mortgage rates rose 0.04% today to an index value of 7.57% for a top-tier 30yr fixed scenario for the average lender today. That uptick in and of itself isn't especially large, but it's a bit counterintuitive on a day where the hotly anticipated jobs report came in much weaker than expected.  The jobs report has 2 key components: Nonfarm Payrolls (NFP) and the unemployment rate. For most of the time any rate watcher can remember, NFP matters way more. The market still reacts to it (which is why bonds initially improved this morning), but unemployment has arguably taken the lead in terms of accurately capturing labor market trends. Even then, today's unemployment rate of 4.2% (up from 4.1% last month) shouldn't have been a problem. The catch was that the unrounded numbers made the Mortgage News Daily http://www.mortgagenewsdaily.com/rss/newsletter https://www.mortgagenewsdaily.com/newsletter/n/20261001 Thu, 01 Oct 2026 04:00:00 GMT Thu, 01 Oct 2026 04:00:00 GMT https://www.mortgagenewsdaily.com/newsletter/n/20261001 It's a rarity these days, but mortgage rates actually moved lower today by more than a token amount. The average top-tier 30yr fixed rate fell to 7.54% from 7.60% yesterday. There are multiple potential factors in play when it comes to explaining the underlying bond market rally, but none of them stand out as an obvious singular motivation. For those curious, the list (which has several esoteric factors that we won't be fully explaining here) includes, but is not limited to: traders covering bets on higher rates ahead of tomorrow's jobs report concerns over European bond market contagion focused on France and Italy  reassuring comments from Fed speakers helping Fed rate expectations move lower technical buying opportunity when Treasury yields hit 5.34% (10yr) A d Mortgage News Daily http://www.mortgagenewsdaily.com/rss/newsletter https://www.mortgagenewsdaily.com/newsletter/n/20260930 Wed, 30 Sep 2026 04:00:00 GMT Wed, 30 Sep 2026 04:00:00 GMT https://www.mortgagenewsdaily.com/newsletter/n/20260930 For a few moments this morning, it looked as if rates might buck the recent trend and recover a bit of ground today. The underlying bond market was fairly flat overnight and then managed to improve after this morning's PCE inflation data. But that improvement was short-lived.  Top tier 30yr fixed rates jumped to 7.60%. That's only 0.02% higher than yesterday, but yet another long-term high. As frustrating as it continues to be, there are no convenient scapegoats for the reversal in terms of intraday news/data. Some small case could be made that the day's economic data wasn't exactly rate-friendly, but the timing of the market movement and indicators elsewhere in the market suggest that's a waste of time. The only irrefutable way to connect cause and effect is to use broad strokes Mortgage News Daily http://www.mortgagenewsdaily.com/rss/newsletter https://www.mortgagenewsdaily.com/newsletter/n/20260929 Tue, 29 Sep 2026 04:00:00 GMT Tue, 29 Sep 2026 04:00:00 GMT https://www.mortgagenewsdaily.com/newsletter/n/20260929 Mortgage rates moved higher again on Tuesday as the bond market continues recalibrating expectations for Fed policy, economic growth, and inflation. The weakness is especially frustrating considering a fairly large drop in oil prices today, but as we discussed yesterday, rates have a lot more on their mind than oil these days. Our top-tier 30yr fixed rate index rose from 7.50 to 7.58% today--the highest since November 1st, 2023. In this sense, mortgage rates are doing much better than their often-cited benchmark, the 10yr Treasury yield, which is the highest level since 2007. That's because mortgage rates are directly based on mortgage-backed securities (MBS) and not U.S. Treasuries, and MBS have been outperforming Treasuries relative to 2023's levels. Today's economic data didn't Mortgage News Daily http://www.mortgagenewsdaily.com/rss/newsletter https://www.mortgagenewsdaily.com/newsletter/n/20260928 Mon, 28 Sep 2026 04:00:00 GMT Mon, 28 Sep 2026 04:00:00 GMT https://www.mortgagenewsdaily.com/newsletter/n/20260928 Despite Friday afternoon's promising bond market rally and mortgage rate improvement, today's top tier 30yr fixed rate bounced back up. The average lender is now at 7.50% for the first time since April 30, 2024.  While there's been a lot of short-term correlation between oil prices and interest rates over the last 6 months, oil does a poor job of explaining much of the recent upward momentum in rates. At times today, it seemed that the higher rates coincided with higher oil prices, but oil fell all the way back to Friday afternoon's levels at one point while rates remained elevated. The other factors are a laundry list of usual suspects: strong economic data, anxiety regarding incoming data being stronger as well, supply/demand issues in the Treasury market, elevated bond market s Mortgage News Daily http://www.mortgagenewsdaily.com/rss/newsletter