10/26/2026
Monday mortgage note:
The 30-year eased to 7.32% this week, down from 7.40% — a small break after a long climb. Resale inventory is still giving buyers more room to negotiate, with 4.8 months of supply on the market.
DETAILS:
The 30-year eased to 7.32% this week (Freddie Mac, week ending Oct 22), down from 7.40% — the first weekly decline since late August. The 15-year is 6.68%, down from 6.71%.
The Fed is unchanged at 3.75–4.00% since Sept 16, and meets Tue–Wed this week with a hold widely expected.
On sales: September existing-home sales held at a 3.99M annual pace, median price $417,500, with 1.60M homes for sale — 4.8 months of supply. New context: September housing starts fell to a 1.221M pace, and MBA put September new-home sales at 584,000, the weakest since April 2020. The Census new-home sales report lands today.