10/15/2026
Rates opened the day looking rough and ended it a little better.
This morning's inflation report showed prices up 3.7% over the past year, compared to 3.4% before. That hit mortgage bonds, the investments that help set mortgage rates, and they fell as much as 63 basis points early on. Then stocks had their worst day in more than two months, money moved into bonds, and mortgage bonds closed up 6 basis points. When bonds rise, rates tend to ease.
In everyday terms, the 30-year fixed averaged 7.40% today, unchanged from a week ago. The conforming 30-year came in at 7.39%, down 0.04 from yesterday, and the 15-year fixed sat at 6.73%. A morning that looked rough turned into a much calmer finish.
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Joe Garza · NMLS #262446
Olympus Home Loans · NMLS #1673089
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