Team Klebaum - Edge Home Finance

10/30/2026

🏡 Your Weekly Mortgage Market Recap | October 30, 2026

October gave us a little Halloween surprise. Mortgage rates finished the month lower than they started! 👻

After a rocky beginning, the bond market found some relief. The Federal Reserve held its benchmark rate steady Wednesday, and weakness in technology stocks helped push investors toward bonds later in the week.

The result? Mortgage News Daily’s national 30-year fixed-rate average finished Friday at 7.27%, its lowest level in more than a month.

But remember, improving markets don’t mean every lender adjusts pricing at the same pace. Lenders manage their pricing, hedging, and existing locked loan pipelines differently.

For my buyers, the conversation remains the same. Does the payment fit comfortably? Are you financially prepared? Does buying make sense for YOUR life right now? Life doesn’t wait for the perfect interest rate.

📊 Behind the Numbers:

Mortgage News Daily’s national 30-year fixed-rate average fell from 7.33% last Friday to 7.27% today.

Freddie Mac’s weekly survey also improved, falling from 7.32% on October 22 to 7.24% on October 29.

These surveys use different methodologies and reporting schedules, which explains why their averages don’t always match.

OCTOBER MARKET SCORECARD
October 1–30, 2026

Mortgage Rates | MND
October 1: 7.54%
October 30: 7.27%
📉 DOWN 0.27 percentage points

10-Year Treasury Yield
October 1: 5.24%
October 30: 4.94%
📉 DOWN 0.30 percentage points

Purchase Application Activity
Week ending October 2: 145.1
Week ending October 23: 134.1
📉 DOWN 7.6%

Refinance Application Activity
Week ending October 2: 515.8
Week ending October 23: 516.8
📈 UP 0.2%

Application figures are MBA weekly indexes, not nationwide application counts. Purchase activity is seasonally adjusted, while the refinance index is not. The latest available survey covers the week ending October 23.

A comparable beginning-to-end UMBS mortgage-bond price series wasn’t independently verified, so I’ve left it out rather than guess.

What does all this tell us?

Rates improved, but mortgage applications haven’t exactly come roaring back.

Purchase applications remain below where they started October, despite a modest rebound during the final reported week.

And refinance activity? Barely changed over the month.

That’s something I’ll be watching closely as we head into November.

Looking Ahead:

Next week brings several reports that could influence mortgage rates:

November 2: ISM Manufacturing Index

November 4: ADP Employment Report and ISM Services Index

November 6: October Employment Report

No scheduled U.S. bond-market closures next week. The next closure is Veterans Day, November 11.

As we head into the holidays, I’m particularly interested in whether improving rates and seasonal inventory changes bring more competition among buyers.

My advice? Don’t let headlines make your decisions. Let’s focus on what works for YOU.

Have a great weekend, and Happy Halloween! 🎃

Rates referenced are national averages reported by Mortgage News Daily and Freddie Mac and may not reflect current lender pricing. Actual rates and terms vary by loan qualifications, property details, and market conditions.

10/08/2026

Growing my service area one state at a time… this puts me at 18!

Who’s next?

📍 I proudly serve the following states: Arizona, California, Colorado, Florida, Georgia, Idaho, Minnesota, Montana, Nevada, New Mexico, Oklahoma, Oregon, Tennessee, Texas, Utah, Virginia, Washington & Wisconsin.

Why, you ask? Oregon and Washington have adopted lending rules that require your Loan Officer be dually licensed, not only in the state you’re moving to, but also moving from. Weird, but we’re here to serve our PNW neighbors who find themselves relocating.

Need one not on the list? 📱Reach out! I’m happy to add another state, if not refer you to our Client Care Team.

Edge Home Finance, LLC is licensed in 49 states and the District of Columbia. Edge Home Finance, LLC does not arrange, solicit, or originate mortgage loans for real property located in the State of New York.

10/06/2026

When budgeting for a home, it’s important to look beyond your mortgage principal and interest. Property taxes and homeowners insurance may also be included in your monthly payment through escrow, affecting your total monthly cost. Understanding how escrow works can help you create a more accurate homebuying budget and avoid surprises down the road. If you’re considering buying, I can help you estimate what your total monthly payment could look like. Have questions? Reach out anytime. I’m happy to help!

09/29/2026

U.S. home prices rose 0.1% from June to July, bringing the gain from March through July to nearly 3%. That’s a resilient pace of growth, especially as mortgage rates began rising during the period. Overall, home prices are up 1.9% from a year ago.

09/17/2026

The Fed raised rates. Mortgage rates reacted. 📈

Here’s the part that actually matters: mortgage rates tend to settle back down once inflation fears cool & the bond market calms down.

Rates move. Markets overreact. Then they adjust.

Meanwhile, people still need somewhere to live. 🏡

Buy when it makes sense for YOU. I’ll help with the rest.

If you feel like going down a rabbit hole… see the 🔗 in comments

09/11/2026

🚨 It’s that time of year again… the loan limit announcement absolutely no one was waiting for. 🙄😂

But since every mortgage company on your feed is about to tell you anyway… here we go. MGIC just announced higher temporary maximum loan amounts and we are sure many more will closely follow:

🏠 1 Unit: **$845,000**
🏠 2 Units: **$1,081,950**
🏠 3 Units: **$1,307,800**
🏠 4 Units: **$1,625,350**

Yes… $845K with mortgage insurance. Welcome to 2026. 🙄

Here’s the part you might actually care about:

If you’ve been told your price range pushes you into jumbo-loan territory, these higher limits could mean it’s worth taking another look at your options.

📲 Thinking about buying or making a move? Send me your target purchase price and down payment, and I’ll help you figure out what options may be available. Corri Klebaum NMLS 211442 541-605-2154

Send a message to learn more

09/09/2026

The MBS Highway National Housing Index continued its downward trend in September, falling from 27 in August to 22. The index has now declined for four consecutive months after reaching a seasonal high of 47 in May. Both buyer activity and home price direction weakened from the previous month.

09/08/2026

🏡 More family. More space. More buying power? 🔑
Whether you’re buying a home with multiple generations under one roof or teaming up with a co-buyer, sharing a home can mean needing a little more room and potentially having more resources to work with.
Pooling costs may open the door to a larger home or more flexible options, but a bigger combined budget doesn’t mean there aren’t limits.
Before you start shopping, it's important to understand the numbers and figure out what makes sense for everyone involved.
📲 Reach out today... let’s build your homebuying game plan together!

🔗 Link in comments...

Options that allow homeowners to share living spaces and living expenses are growing more popular. Learn why.

09/04/2026

Mortgage rates hit their highest level since June 2025 this week. While that milestone sounds ominous, it was the product of... Click to read on.

Mortgage rates hit their highest level since June 2025 this week. While that milestone sounds ominous, it was the product of gradual movement and logical motivations.