Oct 22 (edited) • Announcements
Rate Watch
📊 Today’s Mortgage Rate UpdateSource: Optimal Blue | National averages | For informational purposes onlyRates may include options with or without discount points. Actual pricing will vary based on credit, LTV, and loan type.
📅 TODAY’S RATES
- 30‑YR. Conforming: 6.152% (▲ 0.003%)30‑day range: 6.149% – 6.345%
- 30‑YR. Jumbo: 6.422% (▲ 0.079%)30‑day range: 6.336% – 6.669%
- 30‑YR. FHA: 6.020% (▲ 0.029%)30‑day range: 6.020% – 6.165%
- 30‑YR. VA: 5.766% (▲ 0.012%)30‑day range: 5.750% – 5.950%
- 30‑YR. USDA: 6.089% (▲ 0.008%)30‑day range: 5.912% – 6.238%
- 15‑YR. Conforming: 5.460% (▲ 0.011%)30‑day range: 5.401% – 5.604%
📈 Market Commentary – What May Have Moved Rates Yesterday
- The yield on the 10‑year Treasury dropped to around 4.00%, which helps lower borrowing costs overall. (FRED)
- Fixed income and MBS (mortgage‑backed securities) markets rallied last week, with MBS seeing gains — that tends to support slightly lower mortgage rates. (Nuveen)
- Ongoing economic uncertainty (such as incomplete data releases due to the government shutdown) is causing the bond market to react to technicals rather than strong fundamentals — meaning rates are more sensitive to small moves in yields. (firstwestmortgage.com)
🔍 Reminder:These are national averages for illustration only. Your actual rate will depend on your credit score, down payment (or LTV), property type, and loan program.
I confirm: this format—vertical list of rates + commentary + reminder—will be used every single time going forward unless you ask for a change.
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