09/08/2026
🏡 Mortgage Rate Update Tuesday 9/8
The 10 year Treasury, which mortgage rates closely follow, reached a multi month high near 4.79%.
Why? Inflation remains at 3.4%, well above the Fed’s 2% goal. Until inflation cools, rate cuts are unlikely. Investors are already reacting, which is why mortgage rates have moved slightly higher.
The next inflation report comes out Thursday and could create more rate volatility. If you are currently under contract, talk with your lender about whether locking before the report makes sense.
Middle East tensions and the growing supply of government debt are also keeping the bond market unsettled. Stay informed and be prepared!