Oct 13 • General discussion
Weekly Rate 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
- 30‑YR. Conforming: 6.256% (▲ 0.040%)30‑day range: 6.170% – 6.345%
- 30‑YR. Jumbo: 6.428% (△ 0.191%)30‑day range: 6.422% – 6.669%
- 30‑YR. FHA: 6.165% (△ 0.063%)30‑day range: 5.981% – 6.165%
- 30‑YR. VA: 5.836% (△ 0.038%)30‑day range: 5.676% – 5.950%
- 30‑YR. USDA: 6.192% (no “triangle” given)30‑day range: 5.912% – 6.238%
- 15‑YR. Conforming: 5.442% (△ 0.139%)30‑day range: 5.357% – 5.604%
📈 Market Commentary – What May Have Moved Rates
- Mortgage-backed securities (MBS) saw some underperformance, as investors demanded higher yields, which tends to push mortgage rates up.
- In the broader bond market, the 10-year Treasury yield nudged upward, putting additional upward pressure on borrowing costs.
- Ongoing inflation and economic data (employment, PMI, consumer spending) are influencing investor expectations of future Fed policy, which in turn affects rate direction.
- Observers also note that spreads between mortgage rates and Treasury yields remain wide — meaning that even if Treasuries ease, mortgage rates may not fall as much.
🔍 Reminder:These are national averages for illustration only. Your actual interest rate will depend on credit score, down payment (or LTV), loan program, and property details.
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Weekly Rate Update
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