Oct 10 • Announcements
Daily Mortgage Update
📊 Today’s Mortgage Rate UpdateSource: Optimal Blue | National averages | For informational purposes onlyRates may include options with or without discount points. Actual pricing varies based on credit, LTV, and loan type.
📅 TODAY’S RATES*
Loan Type Rate Daily Change 30‑Day Range 30‑YR. Conforming 6.296% ▲ 0.019% 6.170% – 6.345% 30‑YR. Jumbo 6.619% ▲ 0.180% 6.422% – 6.669% 30‑YR. FHA 6.102% ▲ 0.013% 5.981% – 6.165% 30‑YR. VA 5.874% ▲ 0.029% 5.676% – 5.950% 30‑YR. USDA 5.912% ▲ 0.187% 5.912% – 6.238% 15‑YR. Conforming 5.581% ▲ 0.013% 5.293% – 5.604%
📈 Market Commentary / What Moved Rates Yesterday
- The mortgage-backed securities (MBS) market saw underperformance and light selling pressure, which tends to push yields higher and mortgage rates up. (Mortgage News Daily)
- In the broader fixed-income market, Treasury yields nudged upward as investors judged economic data and Fed expectations — upward pressure on the 10‑year Treasury often translates into upward pressure on mortgage rates. (Mortgage News Daily)
- Economic headlines (inflation, jobs reports, Fed commentary) remain key drivers for bond markets and, by extension, mortgage pricing.
- A recent news item: a major trader at LMR Partners exited following a failed MBS strategy — a reminder of how volatile and sensitive leveraged MBS betting can be. (Business Insider)
Trends: Rates may move daily based on market sentiment, economic data, and bond markets.Reminder: Your credit score, chosen loan type, and LTV ratio remain major factors in actual pricing.
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Daily Mortgage Update
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