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NMLS 1976060

DAILY RATE UPDATE — 10/15/2026✅ CONVENTIONALRate: 7.000% 🟢↓APR: 7.055%✅ NON-QMRate: 7.375% 🟢↓APR: 7.463%📊 MARKET STATUSM...
10/15/2026

DAILY RATE UPDATE — 10/15/2026

✅ CONVENTIONAL

Rate: 7.000% 🟢↓

APR: 7.055%

✅ NON-QM

Rate: 7.375% 🟢↓

APR: 7.463%

📊 MARKET STATUS

Mortgage pricing improved this morning as the 10-Year Treasury eased near 5.07%, helping both Conventional and Non-QM rates move lower from the previous update.

💡 WHY MARKET MOVED

Producer inflation came in hotter than expected, but the softer retail-sales control group and a pullback in Treasury yields helped mortgage pricing improve. Markets remain sensitive to inflation and upcoming economic data.

🎯 MY TAKE

Today’s decline is meaningful, but volatility remains elevated. For closings within 30 days, locking the improvement is the practical choice; borrowers with more time may float cautiously only if comfortable with renewed rate risk.

📞 Nhan Cao

Mortgage Broker | First Stop Mortgage

408-900-6789

NMLS #1976060

Rates and APRs are subject to change without notice and depend on borrower qualifications, property, loan program and market conditions. This is not a commitment to lend.

DAILY RATE UPDATE — 10/14/2026✅ CONVENTIONALRate: 7.250% 🔴↑APR: 7.302%✅ NON-QMRate: 7.500% 🔴↑APR: 7.563%📊 MARKET STATUSM...
10/14/2026

DAILY RATE UPDATE — 10/14/2026

✅ CONVENTIONAL

Rate: 7.250% 🔴↑

APR: 7.302%

✅ NON-QM

Rate: 7.500% 🔴↑

APR: 7.563%

📊 MARKET STATUS

Mortgage pricing moved higher this morning as inflation came in hotter than expected and the 10-Year Treasury climbed near 5.30%.

💡 WHY MARKET MOVED

September CPI rose 0.6% month over month and 3.7% year over year, with energy and gasoline contributing to the increase. Markets also await the Beige Book this afternoon and retail sales, PPI and jobless claims Thursday.

🎯 MY TAKE

Higher inflation and elevated Treasury yields keep the near-term risk tilted upward. For closings within 30 days, locking is the practical choice; borrowers with more time may float cautiously only if comfortable with volatility.

📞 Nhan Cao

Mortgage Broker | First Stop Mortgage

408-900-6789

NMLS #1976060

Rates and APRs are subject to change without notice and depend on borrower qualifications, property, loan program and market conditions. This is not a commitment to lend.

DAILY RATE UPDATE — 10/13/2026✅ CONVENTIONALRate: 7.125% 🟢↓APR: 7.202%✅ NON-QMRate: 7.375% 🟢↓APR: 7.473%📊 MARKET STATUSM...
10/13/2026

DAILY RATE UPDATE — 10/13/2026

✅ CONVENTIONAL

Rate: 7.125% 🟢↓

APR: 7.202%

✅ NON-QM

Rate: 7.375% 🟢↓

APR: 7.473%

📊 MARKET STATUS

Mortgage pricing improved from the previous update, although Treasury yields remain elevated and markets are nearly flat ahead of key inflation data.

💡 WHY MARKET MOVED

Rates moved lower as pricing adjusted after the holiday, while the 10-Year Treasury hovered near 5.23%. Oil and geopolitical risks remain in focus, with CPI and the Beige Book due Wednesday.

🎯 MY TAKE

The improvement is welcome, but tomorrow’s CPI can quickly reverse today’s gains. For closings within 30 days, leaning toward locking remains the practical choice; borrowers with more time may float cautiously and monitor volatility.

📞 Nhan Cao

Mortgage Broker | First Stop Mortgage

408-900-6789

NMLS #1976060

Rates and APRs are subject to change without notice and depend on borrower qualifications, property, loan program and market conditions. This is not a commitment to lend.

DAILY RATE UPDATE — 10/09/2026✅ CONVENTIONALRate: 7.250% 🟡→APR: 7.303%✅ NON-QMRate: 7.499% 🔴↑APR: 7.583%📊 MARKET STATUSC...
10/09/2026

DAILY RATE UPDATE — 10/09/2026

✅ CONVENTIONAL

Rate: 7.250% 🟡→

APR: 7.303%

✅ NON-QM

Rate: 7.499% 🔴↑

APR: 7.583%

📊 MARKET STATUS

Conventional pricing is unchanged from the most recent update, while the Non-QM rate increased by 0.124 percentage points. The 10-Year Treasury remains near 5.28%, keeping mortgage pricing under pressure.

💡 WHY MARKET MOVED

Treasury yields edged higher as oil remained above $100 per barrel and inflation concerns stayed elevated. Markets are also positioning ahead of next week’s CPI report.

🎯 MY TAKE

For borrowers closing within 30 days or whose payment is near the top of their budget, I would lean toward locking rather than carrying additional volatility risk.

Borrowers with flexible timelines can float cautiously, but should set a clear lock trigger and be prepared for movement around next week’s inflation data.

📞 Nhan Cao

Mortgage Broker | First Stop Mortgage

408-900-6789

NMLS #1976060

Rates and APRs are subject to change without notice and depend on borrower qualifications, property, loan program and market conditions. This is not a commitment to lend.

INTRADAY RATE UPDATE — 10/08/2026✅ CONVENTIONALRate: 7.250% 🟡→APR: 7.301%✅ NON-QMRate: 7.375% 🟢↓APR: 7.478%📊 MARKET STAT...
10/08/2026

INTRADAY RATE UPDATE — 10/08/2026

✅ CONVENTIONAL

Rate: 7.250% 🟡→

APR: 7.301%

✅ NON-QM

Rate: 7.375% 🟢↓

APR: 7.478%

📊 MARKET STATUS

Afternoon pricing improved from this morning. The Conventional rate held steady while its APR declined, and the Non-QM rate fell by 0.124 percentage points with a lower APR.

💡 WHY MARKET MOVED

A solid 30-Year Treasury auction helped long-term yields retreat from their session highs, allowing mortgage pricing to improve. Oil remains above $104 per barrel, however, so inflation risk and market volatility have not disappeared.

🎯 MY TAKE

For borrowers closing within 30 days, this afternoon improvement may be a good opportunity to lock if the quote meets the payment target. Better pricing today does not guarantee additional improvement tomorrow.

Borrowers with flexible timelines can float cautiously, but should use a clear lock trigger because Treasury yields and oil prices remain volatile.

📞 Nhan Cao

Mortgage Broker | First Stop Mortgage

408-900-6789

NMLS #1976060

Rates and APRs are subject to change without notice and depend on borrower qualifications, property, loan program and market conditions. This is not a commitment to lend.

DAILY RATE UPDATE — 10/08/2026✅ CONVENTIONALRate: 7.250% 🟡→APR: 7.339%✅ NON-QMRate: 7.499% 🔴↑APR: 7.583%📊 MARKET STATUSC...
10/08/2026

DAILY RATE UPDATE — 10/08/2026

✅ CONVENTIONAL

Rate: 7.250% 🟡→

APR: 7.339%

✅ NON-QM

Rate: 7.499% 🔴↑

APR: 7.583%

📊 MARKET STATUS

Conventional pricing is unchanged from the previous update, while Non-QM increased by 0.009 percentage points. The 10-Year Treasury remains above 5.3% and elevated oil prices are keeping mortgage-market volatility high.

💡 WHY MARKET MOVED

Long-term Treasury yields moved higher as oil climbed above $104 per barrel, renewing inflation concerns. Stronger-than-expected jobless claims data and today’s 30-Year Treasury auction add further event risk.

🎯 MY TAKE

For borrowers closing within 30 days or whose payment is near the top of their budget, I would lean toward locking rather than carrying additional volatility risk.

Borrowers with flexible timelines can float cautiously, but should set a clear lock trigger and be ready to act if Treasury yields move higher again.

📞 Nhan Cao

Mortgage Broker | First Stop Mortgage

408-900-6789

NMLS #1976060

Rates and APRs are subject to change without notice and depend on borrower qualifications, property, loan program and market conditions. This is not a commitment to lend.

DAILY RATE UPDATE — 10/07/2026✅ CONVENTIONALRate: 7.250% 🟡→APR: 7.341%✅ NON-QMRate: 7.490% 🔴↑APR: 7.586%📊 MARKET STATUSC...
10/07/2026

DAILY RATE UPDATE — 10/07/2026

✅ CONVENTIONAL

Rate: 7.250% 🟡→

APR: 7.341%

✅ NON-QM

Rate: 7.490% 🔴↑

APR: 7.586%

📊 MARKET STATUS

Conventional pricing is unchanged from the previous update, while Non-QM increased by 0.115 percentage points. The 10-Year Treasury moved back above 5.3% as oil prices rebounded, keeping mortgage-market volatility elevated.

💡 WHY MARKET MOVED

Long-term Treasury yields rose as oil climbed above $100 per barrel, renewing inflation concerns ahead of today’s 10-Year Treasury auction and the Federal Reserve’s September meeting minutes.

🎯 MY TAKE

For borrowers closing within 30 days or whose payment is near the top of their budget, I would lean toward locking rather than carrying additional event risk.

Borrowers with flexible timelines can float cautiously, but should set a clear lock trigger and be prepared to act if Treasury yields move higher again.

📞 Nhan Cao

Mortgage Broker | First Stop Mortgage

408-900-6789

NMLS #1976060

Rates and APRs are subject to change without notice and depend on borrower qualifications, property, loan program and market conditions. This is not a commitment to lend.

DAILY RATE UPDATE — 10/06/2026✅ CONVENTIONALRate: 7.250% 🟢↓APR: 7.323%✅ NON-QMRate: 7.375% 🟡→APR: 7.484%📊 MARKET STATUSC...
10/06/2026

DAILY RATE UPDATE — 10/06/2026

✅ CONVENTIONAL

Rate: 7.250% 🟢↓

APR: 7.323%

✅ NON-QM

Rate: 7.375% 🟡→

APR: 7.484%

📊 MARKET STATUS

Conventional pricing improved from the previous update while Non-QM held steady. The 10-Year Treasury eased toward 5.28% as oil prices pulled back, but borrowing costs remain near multi-decade highs and volatility is still elevated.

💡 WHY MARKET MOVED

Treasury yields retreated modestly as lower oil prices eased inflation pressure and softer labor data reduced expectations for an October Fed hike. A wider $105.6 billion U.S. trade deficit and today’s Treasury auction keep the market sensitive to new information.

🎯 MY TAKE

Borrowers closing within 30 days may want to use today’s improvement to lock rather than risk a reversal. Borrowers with longer timelines can float cautiously, but should keep a clear lock trigger ahead of the Treasury auction and Wednesday’s Fed minutes.

📞 Nhan Cao

Mortgage Broker | First Stop Mortgage

408-900-6789

NMLS #1976060

Rates and APRs are subject to change without notice and depend on borrower qualifications, property, loan program and market conditions. This is not a commitment to lend.

DAILY RATE UPDATE — 10/05/2026✅ CONVENTIONALRate: 7.375% 🔴↑APR: 7.427%✅ NON-QMRate: 7.375% 🟡→APR: 7.484%📊 MARKET STATUSC...
10/05/2026

DAILY RATE UPDATE — 10/05/2026

✅ CONVENTIONAL

Rate: 7.375% 🔴↑

APR: 7.427%

✅ NON-QM

Rate: 7.375% 🟡→

APR: 7.484%

📊 MARKET STATUS

Conventional increased by 0.125 percentage points from the previous update, while Non-QM held steady. The broader mortgage market remains volatile with the 10-Year Treasury trading near 5.3%.

💡 WHY MARKET MOVED

The September ISM Services Index remained in expansion at 54.9, while its prices-paid component rose to 74.0, the highest since July 2022. Persistent services inflation and elevated long-term Treasury yields continue to limit meaningful mortgage-rate relief.

🎯 MY TAKE

For borrowers closing within 30 days or whose payment is near the top of their budget, I would lean toward locking rather than carrying additional volatility risk.

Borrowers with flexible timelines can float cautiously, but should set a clear lock trigger and be prepared to act if Treasury yields move higher again.

📞 Nhan Cao

Mortgage Broker | First Stop Mortgage

408-900-6789

NMLS #1976060

Rates and APRs are subject to change without notice and depend on borrower qualifications, property, loan program and market conditions. This is not a commitment to lend.

DAILY RATE UPDATE — 10/02/2026✅ CONVENTIONALRate: 7.250% 🟡→APR: 7.293%✅ NON-QMRate: 7.375% 🟡→APR: 7.445%📊 MARKET STATUSB...
10/02/2026

DAILY RATE UPDATE — 10/02/2026

✅ CONVENTIONAL

Rate: 7.250% 🟡→

APR: 7.293%

✅ NON-QM

Rate: 7.375% 🟡→

APR: 7.445%

📊 MARKET STATUS

Both posted rates are unchanged from the previous update. The broader mortgage market remains volatile as the 10-Year Treasury reversed an early decline and moved back toward 5.26%.

💡 WHY MARKET MOVED

September payrolls increased by only 29,000, well below the 90,000 forecast, while unemployment rose to 4.2%. The softer jobs report reduced near-term Fed hike expectations, but longer-term Treasury yields turned higher again as inflation and energy-price risks remained elevated.

🎯 MY TAKE

For borrowers closing within 30 days or whose payment is near the top of their budget, I would lean toward locking rather than carrying additional volatility risk.

Borrowers with flexible timelines can float cautiously, but should set a clear lock trigger and be prepared to act if Treasury yields move higher again.

📞 Nhan Cao

Mortgage Broker | First Stop Mortgage

408-900-6789

NMLS #1976060

Rates and APRs are subject to change without notice and depend on borrower qualifications, property, loan program and market conditions. This is not a commitment to lend.

Address

2114 Senter Road #11
San Jose, CA
95112

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 6pm
Wednesday 9am - 6pm
Thursday 9am - 6pm
Friday 9am - 6pm

Telephone

+14089006789

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