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Kenneth Paszkiewicz Mortgage Broker We are a Mortgage Broker . We offer FHA, VA, 203k, Conventional, Jumbo Mortgages, Non Qm, Home Equit Homelend USA. Located in Troy, MI.

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10/16/2026

🏠 MORTGAGE MARKET UPDATE
Friday, October 16, 2026 | Morning Edition
🚨 FINALLY SOME RELIEF IN THE BOND MARKET! MORTGAGE RATES STOP CLIMBING AFTER SEVEN STRAIGHT WEEKS!
Good morning!
We're ending another volatile week in the mortgage industry, but there is some encouraging news.
The 10-year Treasury has fallen significantly from last week's highs, and the national 30-year mortgage average has finally stopped increasing.
However, inflation remains a major concern, and the Federal Reserve is still considering additional interest-rate increases.
Here's what this means for homebuyers, homeowners, and Realtors.
📊 10-YEAR TREASURY — APPROXIMATELY 5.09% 🟢
The 10-year Treasury yield is trading near 5.09% this morning, slightly higher than Thursday's close near 5.09%, but substantially below last week's high of approximately 5.36%.
That's an improvement of roughly 27 basis points from the recent peak!
Why is this important?
📉 Treasury yields DOWN = Generally better mortgage-rate pressure.
📈 Treasury yields UP = Generally worse mortgage-rate pressure.
Mortgage-backed securities also influence actual lender pricing.
My assessment: This week's decline is encouraging, but we need to see whether the improvement holds. The Wall Street Journal
🏦 MORTGAGE RATES — 7.40% 🟠
Yesterday, Freddie Mac released its latest weekly mortgage survey.
🏠 30-Year Fixed: 7.40% — UNCHANGED
🏠 15-Year Fixed: 6.71% — DOWN from 6.73%
For the first time in eight weeks, the national 30-year mortgage average did not increase.
That's welcome news!
However, the 30-year average remains at its highest level in nearly three years.
One year ago, the average was 6.27%.
The bottom line: Mortgage rates have stabilized, but they remain elevated.
These are national survey averages for well-qualified conventional borrowers, not individual mortgage quotes. Freddie Mac
📉 BOND MARKET — BEST WEEK IN MONTHS 🟢
Treasury bonds are experiencing their strongest weekly performance since February.
Investors have been purchasing government bonds as concerns about technology stocks, corporate borrowing, and economic growth have increased.
That increased demand has pushed Treasury yields lower.
But there is a catch.
Inflation remains stubbornly high, and that could limit further improvement in mortgage rates. Financial Times
🚨 INFLATION — STILL A MAJOR PROBLEM 🔴
We received two important inflation reports this week.
Wednesday's Consumer Price Index:
🔴 Annual inflation: 3.7%
🔴 Monthly inflation: +0.6%
Thursday's Producer Price Index:
🔴 Annual wholesale inflation: 6.3%
🔴 Monthly wholesale inflation: +1.3%
Energy costs contributed significantly to these increases.
These are not the numbers the mortgage market wanted.
Higher inflation can keep upward pressure on long-term borrowing costs.
However, this week's bond rally shows that investors are also weighing concerns about economic growth. Bureau of Labor Statistics
🏛️ FEDERAL RESERVE — OCTOBER RATE INCREASE LESS LIKELY 🟠
Kevin Warsh spoke Friday about the strength of the U.S. economy and the importance of controlling inflation.
He did not signal whether another interest-rate increase would occur at the October 27–28 meeting.
Financial markets currently favor the Fed holding rates steady in October, with another increase possible in December.
REMEMBER: THE FED DOES NOT DIRECTLY SET 30-YEAR MORTGAGE RATES!
Treasury yields, mortgage-backed securities, inflation expectations, and investor demand are major influences on mortgage pricing. Reuters
📈 STOCK MARKET — MIXED THIS MORNING 🟠
Wall Street is attempting to stabilize after a difficult week for technology stocks.
Early Friday trading indications show:
🟢 Dow futures: Modestly higher.
🟢 S&P 500 futures: Slightly higher.
🔴 Nasdaq futures: Slightly lower.
Investors remain concerned about the cost of financing major artificial intelligence projects.
Remember: A stronger stock market doesn't automatically mean lower mortgage rates. Reuters
🏡 HOMEBUYERS — HERE'S MY ADVICE!
Don't let national mortgage-rate headlines make your decision.
Before giving up on homeownership, find out what financing options are available.
We can explore conventional, FHA, VA, USDA, down-payment assistance, seller concessions, and temporary rate buydowns.
Some programs may accommodate qualified borrowers with credit scores as low as 580.
My advice: Purchase based on a monthly payment you can comfortably afford TODAY—not on the hope that interest rates will decline next year.
Future refinancing is never guaranteed.
🏠 HOMEOWNERS — DON'T GIVE UP YOUR LOW RATE WITHOUT RUNNING THE NUMBERS!
If you currently have a mortgage rate around 3%, replacing it with today's rates may not make financial sense.
However, homeowners carrying expensive credit-card debt or planning home improvements may have alternatives.
A home equity loan or HELOC could allow you to access equity without replacing your existing first mortgage.
Compare the interest rates, closing costs, repayment terms, and risks before deciding.
Sometimes keeping your existing mortgage is the smartest financial move.
🤝 REALTORS — LET'S GET YOUR BUYERS READY FOR THE WEEKEND!
Before writing an offer, make sure your buyers have updated mortgage numbers.
Review their current payment, purchasing power, cash needed to close, available assistance programs, and possible seller concessions.
A buyer who received a pre-approval several weeks ago may have different numbers today.
And remember: A buyer who doesn't qualify with one lender may have options with another lender or mortgage program.
That's one of the advantages of working with a mortgage broker.
📊 FRIDAY'S MORTGAGE MARKET SCOREBOARD
🟢 10-Year Treasury: Approximately 5.09% — DOWN significantly for the week.
🟠 30-Year Mortgage Average: 7.40% — UNCHANGED.
🟢 15-Year Mortgage Average: 6.71% — LOWER.
🟢 Bond Market: Strong weekly improvement.
🟠 Stock Market: Mixed early trading.
🔴 Consumer Inflation: 3.7% annually.
🔴 Producer Inflation: 6.3% annually.
🟠 Federal Reserve: October hold currently favored.
👀 WHAT I'M WATCHING NEXT
The biggest question is whether Treasury yields can continue moving lower despite elevated inflation.
I'll be watching mortgage-backed securities, oil prices, economic reports, and expectations for the October 27–28 Federal Reserve meeting.
The mortgage market needs sustained improvement—not just a few good trading sessions.
💬 MY MORTGAGE BROKER PERSPECTIVE
I've been helping families finance homes since 1993.
I've seen high-interest-rate markets, low-interest-rate markets, and everything in between.
One thing hasn't changed:
The right mortgage is the one that fits your financial situation and long-term goals—not necessarily the one with the lowest advertised interest rate.
As a mortgage broker working with more than 30 lenders, I can compare different loan programs, pricing, and underwriting guidelines.
Don't assume your first mortgage quote is your only option.
Whether you're purchasing your first home, moving into another property, refinancing, or exploring home equity options, I'm always available to help.
Ken Paszkiewicz
Mortgage Broker | HomeLendUSA
📱 248-417-1423
📧 [email protected]
NMLS #138254
🏡 Equal Housing Opportunity
Market information reflects data available Friday morning, October 16, 2026. Treasury yields and mortgage pricing can change throughout the trading day. National mortgage averages are not individual rate offers. All loans are subject to underwriting approval.

10/15/2026

🏠 MORTGAGE MARKET UPDATE
Thursday, October 15, 2026 | 8:40 AM ET
🚨 BREAKING: WHOLESALE INFLATION SURGES — BUT TREASURY YIELDS ARE FALLING! WHAT DOES THIS MEAN FOR MORTGAGE RATES?
Good morning!
We're seeing another unusual morning in the financial markets.
The 10-year Treasury has dropped to its lowest level in approximately three weeks, even as inflation continues to accelerate.
Meanwhile, technology stocks are selling off, investors are moving money into government bonds, and this morning's Producer Price Index (PPI) report came in significantly hotter than expected.
For homebuyers, homeowners, and Realtors, today's message is simple: Mortgage rates may get some temporary relief from the bond market, but inflation remains a serious obstacle.
Here's what's happening.
📊 10-YEAR TREASURY — APPROXIMATELY 5.08% 🟢
The 10-year Treasury yield dropped toward 5.08% in early Thursday trading, compared with approximately 5.19% at Wednesday's close.
That's a meaningful improvement!
The decline comes as investors seek the relative safety of Treasury bonds amid a technology-stock selloff.
Remember:
📉 Treasury yields DOWN = Generally better for mortgage pricing.
📈 Treasury yields UP = Generally more mortgage-rate pressure.
However, these early readings preceded today's inflation release, so yields could change quickly.
My assessment: The bond market is showing improvement, but inflation makes this rally vulnerable. Barron's
🚨 BREAKING INFLATION NEWS — PPI JUMPS 1.3% 🔴🔴
The Bureau of Labor Statistics released September's Producer Price Index at 8:30 this morning.
The numbers are concerning.
🔴 Monthly PPI: +1.3%
🔴 Economists expected: +0.6%
🔴 Annual PPI: +6.3%
🔴 Core PPI excluding food, energy and trade services: +0.5%
🔴 Producer energy prices: +10.8%
This was the largest monthly increase in producer prices since March 2022.
These figures suggest businesses continue to experience substantial cost increases.
Why does this matter to mortgages?
Businesses facing higher costs may eventually pass some of those increases to consumers.
That can keep inflation elevated, influence Federal Reserve decisions, and create upward pressure on longer-term interest rates.
This is not the inflation report the mortgage market wanted. Bureau of Labor Statistics
Read the official September PPI report.
🏦 MORTGAGE RATES — STILL ELEVATED 🔴
The latest available Freddie Mac weekly survey reported:
🏠 30-Year Fixed: 7.40%
🏠 15-Year Fixed: 6.73%
The 30-year average increased from 7.28% the previous week.
That's seven consecutive weeks of rising mortgage rates.
Important: These figures are from October 8. Freddie Mac's new weekly report is scheduled for noon today.
The improvement in Treasury yields this morning does not guarantee that lenders will immediately lower mortgage rates. Freddie Mac
As a mortgage broker, I work with more than 30 lenders.
Different lenders offer different pricing, loan programs, and underwriting guidelines.
Don't assume the first mortgage quote you receive is your only option!
📉 BOND MARKET — IMPROVING, BUT FRAGILE 🟠
Here's something interesting.
Yesterday's hotter-than-expected consumer inflation report initially pushed Treasury yields higher.
But as technology stocks declined, investors began purchasing Treasury bonds.
That increased demand helped push yields lower.
Today, the market faces another inflation surprise.
The bond market is caught between two competing forces:
🟢 Investors seeking safety in government bonds.
🔴 Inflation concerns that could keep interest rates elevated.
That's why mortgage pricing can change quickly, even during the same trading session. Barron's
📉 STOCK MARKET — TECHNOLOGY STOCKS UNDER PRESSURE 🔴
Wall Street is showing renewed weakness this morning.
Early indications showed:
🔴 Nasdaq futures: Down approximately 1%
🔴 S&P 500 futures: Slightly lower
🟠 Dow futures: Modestly higher
Technology and artificial intelligence companies are facing selling pressure over borrowing costs, debt levels, and future growth expectations.
Sometimes a stock-market decline benefits Treasury bonds.
But remember:
A falling stock market doesn't automatically mean lower mortgage rates. Reuters
🏛️ FEDERAL RESERVE — ANOTHER RATE INCREASE?
Yesterday's Consumer Price Index showed annual inflation increasing to 3.7%, compared with 3.4% in August.
Today's PPI report adds to those concerns.
The Federal Reserve meets again October 27–28.
Markets are debating whether the Fed will raise rates again this month or wait until later in the year.
REMEMBER: THE FED DOES NOT DIRECTLY SET 30-YEAR MORTGAGE RATES!
Mortgage-backed securities, longer-term Treasury yields, inflation expectations, and investor demand are major influences on mortgage pricing. Bureau of Labor Statistics
🏡 HOMEBUYERS — DON'T WAIT FOR THE PERFECT MARKET!
Higher interest rates are challenging.
But before deciding that homeownership is out of reach, understand your financing options.
Let's review:
✅ Conventional financing.
✅ FHA financing.
✅ VA and USDA financing for eligible borrowers.
✅ Down-payment assistance programs.
✅ Seller concessions toward eligible closing costs.
✅ Temporary interest-rate buydowns.
✅ Programs that may accommodate qualified borrowers with credit scores as low as 580.
My advice: Buy based on a payment you can comfortably afford today—not on the assumption that rates will fall next year.
🏠 HOMEOWNERS — PROTECT YOUR LOW MORTGAGE RATE!
If you currently have a mortgage rate around 3%, replacing that loan with today's rates may not make financial sense.
However, if you're carrying high-interest credit-card debt or considering home improvements, there may be alternatives.
A home equity loan or HELOC might allow you to access equity without replacing your existing first mortgage.
But compare the total borrowing costs, repayment terms, and risks.
Sometimes keeping your current mortgage is the best financial decision.
🤝 REALTORS — KEEP YOUR BUYERS INFORMED!
Today's market is another reminder of why communication matters.
Before your buyers submit an offer, let's review their current financing.
✔ Updated mortgage pricing.
✔ Monthly payment.
✔ Purchasing power.
✔ Cash needed to close.
✔ Seller concessions.
✔ Available down-payment assistance.
✔ Alternative mortgage programs.
A buyer who doesn't qualify with one lender may have options through another lender or mortgage program.
That's one of the advantages of working with an experienced mortgage broker.
📊 THURSDAY'S MORTGAGE MARKET SCOREBOARD
🟢 10-Year Treasury: Approximately 5.08% in early trading — LOWER
🔴 Latest Freddie Mac 30-Year Average: 7.40%
🔴 Latest Freddie Mac 15-Year Average: 6.73%
🟠 Mortgage-Rate Pressure: Elevated despite Treasury improvement
🟢 Bond Market: Treasury prices improving
🔴 Monthly Producer Inflation: +1.3%
🔴 Annual Producer Inflation: +6.3%
🔴 Annual Consumer Inflation: 3.7%
🔴 Nasdaq Futures: Lower
🟠 Federal Reserve: Additional tightening remains possible
👀 WHAT I'M WATCHING NEXT
📅 TODAY AT NOON — FREDDIE MAC MORTGAGE RATE REPORT
We'll get another national snapshot of mortgage rates.
I'll also be watching whether the 10-year Treasury can remain near 5.10% or lower after today's inflation surprise.
A sustained decline in Treasury yields would be encouraging, but actual mortgage pricing will depend on how mortgage-backed securities respond.
💬 MY MORTGAGE BROKER PERSPECTIVE
I've been helping families finance homes since 1993.
I've seen high-interest-rate markets, low-interest-rate markets, and everything in between.
One thing hasn't changed:
The right mortgage isn't necessarily the one with the lowest advertised rate. It's the mortgage that fits your financial situation and long-term goals.
Don't make major financial decisions based on headlines.
Understand your options.
Compare lenders.
Know your comfortable monthly payment.
And work with professionals who will take the time to explain the numbers.
Whether you're purchasing your first home, moving into another property, refinancing, or exploring home equity options, I'm always available to help.
Ken Paszkiewicz
Mortgage Broker | HomeLendUSA
📱 248-417-1423
📧 [email protected]
NMLS #138254
🏡 Equal Housing Opportunity
Market information reflects data available Thursday morning, October 15, 2026, shortly after the PPI release. Treasury yields and mortgage pricing can change throughout the day. National mortgage averages are not individual rate offers. All loans are subject to underwriting approval.

Customized Lending Solutions For Your Business Success
10/15/2026

Customized Lending Solutions For Your Business Success

10/14/2026

🏠 MORTGAGE MARKET UPDATE
Wednesday, October 14, 2026 | 8:45 AM ET
🚨 BREAKING: INFLATION COMES IN HOTTER THAN EXPECTED — MORTGAGE RATES FACE RENEWED PRESSURE!
Good morning!
We just received one of the most important economic reports of the month, and unfortunately, the news isn't what the mortgage market wanted to hear.
Inflation increased more than economists expected, Treasury yields jumped immediately, and stock futures turned negative.
Yesterday's improvement in the bond market is now being challenged.
Here's what this means for homebuyers, homeowners, and Realtors.
📊 10-YEAR TREASURY — APPROXIMATELY 5.29% 🔴
The 10-year Treasury yield was trading near 5.20% before this morning's inflation report.
Immediately following the release, it jumped to approximately 5.29%.
That's a significant move in a matter of minutes!
Remember:
📉 Treasury yields DOWN = Generally better mortgage pricing.
📈 Treasury yields UP = Generally more mortgage-rate pressure.
Mortgage-backed securities also influence actual mortgage pricing.
Today's direction: NEGATIVE for mortgage rates. Barron's
🚨 INFLATION REPORT — NOT GOOD NEWS!
The Bureau of Labor Statistics released September's Consumer Price Index this morning.
Here are the numbers:
🔴 Headline inflation: 3.7% annually
🔴 Previous month: 3.4%
🔴 Monthly inflation: +0.6%
🔴 Core inflation: 2.6% annually
🔴 Core monthly inflation: +0.3%
Both annual headline and core inflation exceeded market expectations.
Gasoline prices increased 9.1% in September, contributing substantially to the increase in consumer prices.
Why does this matter?
Inflation makes investors demand higher yields on bonds.
Higher bond yields generally mean higher borrowing costs.
And that includes mortgages. Bureau of Labor Statistics
Read the official September CPI Report.
🏦 MORTGAGE RATES — STILL ABOVE 7% 🔴🔴
The latest Freddie Mac weekly mortgage survey reported:
🏠 30-Year Fixed: 7.40%
🏠 15-Year Fixed: 6.73%
The 30-year average increased from 7.28% the previous week.
That's seven consecutive weekly increases.
And today's inflation report creates additional pressure on mortgage pricing.
Important: The 7.40% figure is from October 8, not a live rate quote for today. Freddie Mac
As a mortgage broker, I work with more than 30 lenders.
Different lenders offer different pricing, guidelines, and mortgage programs.
Don't assume one lender's mortgage quote represents every option available to you.
📉 BOND MARKET — UNDER PRESSURE AGAIN 🔴
Yesterday, bond investors were becoming more optimistic.
Today, that optimism has been challenged.
The inflation report triggered selling in Treasury bonds, pushing yields higher.
Mortgage-backed securities can also experience additional pressure during these periods.
The bond market is concerned about persistent inflation, elevated energy costs, and the possibility of additional Federal Reserve rate increases.
My assessment: Until inflation improves consistently, mortgage rates may remain elevated and volatile.
📉 STOCK MARKET — FUTURES TURN NEGATIVE 🔴
Wall Street reacted quickly to the inflation report.
Following the release:
🔴 Dow futures: approximately -0.2%
🔴 S&P 500 futures: approximately -0.3%
🔴 Nasdaq futures: approximately -0.6%
Higher inflation increases uncertainty about future interest rates and borrowing costs.
Remember:
The stock market and mortgage rates don't always move together.
For mortgage pricing, I'm watching Treasury yields and mortgage-backed securities first. Barron's
🏛️ FEDERAL RESERVE — ANOTHER RATE INCREASE?
The Federal Reserve meets October 27–28.
Before today's inflation report, markets largely expected the Fed to hold interest rates steady.
Following the report, market-implied expectations of an October rate increase jumped to approximately 45%, from around 20%.
That does not mean another increase is guaranteed.
However, the Fed now has additional evidence that inflation remains a problem. MarketWatch
REMEMBER: THE FED DOES NOT DIRECTLY SET 30-YEAR MORTGAGE RATES!
Long-term Treasury yields, mortgage-backed securities, inflation expectations, and investor demand play major roles.
🏡 HOMEBUYERS — WHAT SHOULD YOU DO?
Don't panic because mortgage rates are elevated.
But don't ignore the numbers either.
Before purchasing, understand your actual monthly payment and financing options.
Programs worth exploring include conventional, FHA, VA, USDA, down-payment assistance, and seller concessions.
Some lenders also offer financing options for eligible borrowers with credit scores as low as 580.
My advice: Buy based on a payment you can comfortably afford TODAY.
Don't assume you'll be able to refinance into a lower rate next year.
🏠 HOMEOWNERS — THINK BEFORE REFINANCING!
If you currently have a mortgage rate around 3%, replacing that loan with today's rates may not make sense.
However, if you're carrying high-interest credit-card debt or considering major home improvements, there may be alternatives.
A home equity loan or HELOC might allow you to access equity without replacing your existing first mortgage.
Compare the total costs, repayment terms, and risks before making a decision.
🤝 REALTORS — PLEASE UPDATE YOUR BUYERS!
Today's inflation report is another reminder of why communication between Realtors and mortgage professionals is so important.
Before writing an offer, have your buyer's mortgage numbers updated.
Review the monthly payment, purchasing power, cash needed to close, seller concessions, and available loan programs.
A buyer who qualified several weeks ago may face a different payment today.
And remember:
A buyer who doesn't qualify with one lender may have options through another lender or mortgage program.
📊 WEDNESDAY'S MORTGAGE MARKET SCOREBOARD
🔴 10-Year Treasury: Approximately 5.29% — HIGHER after CPI
🔴 30-Year Mortgage Average: 7.40% — latest Freddie Mac survey
🔴 Mortgage-Rate Pressure: ELEVATED
🔴 Bond Market: Under selling pressure
🔴 Headline Inflation: 3.7%
🔴 Core Inflation: 2.6%
🔴 Stock Futures: LOWER
🟠 Federal Reserve: October rate increase now a greater possibility
👀 WHAT I'M WATCHING NEXT
📅 Thursday, October 15 — Producer Price Index (PPI)
This report will provide another look at inflation, this time from the producer side of the economy.
I'll also be watching whether Treasury yields continue rising or stabilize after today's inflation surprise.
The mortgage market needs consistently better inflation data before we can become confident about meaningful rate relief.
💬 MY MORTGAGE BROKER PERSPECTIVE
I've been helping families finance homes since 1993.
I've seen mortgage rates rise, fall, and change unexpectedly.
One thing hasn't changed:
The right mortgage is the one that fits your financial situation—not necessarily the one with the lowest advertised interest rate.
Don't let headlines make your financial decisions.
Understand your options.
Compare lenders.
Know your comfortable monthly payment.
And work with experienced professionals who will explain the numbers.
Whether you're purchasing your first home, moving into another property, refinancing, or exploring home equity options, I'm available to help.
Ken Paszkiewicz
Mortgage Broker | HomeLendUSA
📱 248-417-1423
📧 [email protected]
NMLS #138254
🏡 Equal Housing Opportunity
Market information reflects data available Wednesday morning, October 14, 2026, shortly after the CPI release. Treasury yields and mortgage pricing can change throughout the trading day. National mortgage averages are not individual rate offers. All loans are subject to underwriting approval.

10/13/2026

🏠 MORTGAGE MARKET UPDATE
Tuesday, October 13, 2026
📉 FINALLY SOME IMPROVEMENT IN TREASURY YIELDS! BUT WILL TOMORROW'S INFLATION REPORT CHANGE EVERYTHING?
Good morning!
We're seeing encouraging movement in the bond market this morning.
The 10-year Treasury yield is moving lower, oil prices are retreating, and investors are becoming more cautious ahead of tomorrow's important inflation report.
That's potentially good news for mortgage rates, but we're not out of the woods yet!
Here's what buyers, homeowners, and Realtors need to know.
📊 10-YEAR TREASURY — APPROXIMATELY 5.19% 🟢
The 10-year Treasury yield is trading around 5.19% this morning, down from approximately 5.24% before yesterday's bond-market holiday.
That's encouraging!
Last week, the 10-year reached approximately 5.36%, its highest level in 24 years.
Today's decline suggests investors are returning to Treasury bonds as concerns about technology stocks and the broader economy increase.
Remember:
📉 Treasury yields DOWN = Generally better for mortgage pricing.
📈 Treasury yields UP = Generally more pressure on mortgage rates.
However, mortgage-backed securities also play an important role.
My assessment: Today's movement is encouraging, but we need several days of improving bond prices before calling this a meaningful mortgage-rate turnaround. Reuters
🏦 MORTGAGE RATES — 7.40% 🔴
The latest Freddie Mac survey, released October 8, reported:
🏠 30-Year Fixed: 7.40%
🏠 15-Year Fixed: 6.73%
That's the seventh consecutive weekly increase in mortgage rates.
The 30-year average is at its highest level since November 2023.
One year ago, the average was 6.30%.
That's a significant difference in monthly payments and purchasing power.
But remember, these are national averages—not personalized mortgage quotes. Today's Treasury improvement is not yet reflected in that weekly survey. Freddie Mac News Release Archive
As a mortgage broker, I work with more than 30 lenders.
Different lenders have different pricing, guidelines, and mortgage programs.
Don't assume the first mortgage quote you receive is your only option!
📉 BOND MARKET — IMPROVING, BUT STILL VOLATILE 🟢🟠
Investors are showing renewed interest in government bonds.
That's helping push Treasury yields lower this morning.
However, the bond market remains concerned about inflation, government debt, energy costs, and future Federal Reserve decisions.
The direction is better today, but one good morning doesn't erase several difficult weeks. Reuters
📉 STOCK MARKET — TECHNOLOGY STOCKS UNDER PRESSURE 🔴
Wall Street is showing caution this morning.
Early futures indicated:
📉 Nasdaq: Approximately -0.7%
📉 S&P 500: Slightly lower
🟠 Dow Jones: Approximately unchanged to slightly higher
Technology and semiconductor stocks are facing renewed selling pressure.
Investors are also reviewing earnings from major banks.
Sometimes money moving away from stocks and into bonds can help Treasury yields decline.
But a weaker stock market doesn't automatically guarantee better mortgage rates. AP News
🛢️ OIL PRICES — MOVING LOWER 🟢
Brent crude is retreating toward approximately $104–$105 per barrel this morning.
That's an improvement from Monday's levels above $106.
However, energy prices remain elevated.
Higher oil prices can contribute to inflation through transportation, manufacturing, and consumer costs.
Lower oil prices would help reduce one of the major concerns currently affecting the bond market. AP News
🏛️ FEDERAL RESERVE — INFLATION IS STILL THE PROBLEM
The Federal Reserve increased its benchmark interest rate in September to a target range of 3.75%–4.00%.
The next meeting is scheduled for October 27–28.
Markets currently lean toward the Fed holding rates steady in October, but another increase later this year remains possible.
Federal Reserve officials continue to express concern that inflation is not returning quickly enough to their 2% target.
REMEMBER: THE FED DOES NOT DIRECTLY SET 30-YEAR MORTGAGE RATES!
Mortgage rates are influenced by longer-term Treasury yields, mortgage-backed securities, inflation expectations, and investor demand. Reuters
🏡 HOMEBUYERS — DON'T WAIT FOR THE PERFECT RATE!
If you're thinking about purchasing a home, here's my advice.
Don't base your decision entirely on national mortgage-rate headlines.
Instead, find out what you qualify for and what payment you can comfortably afford.
Let's explore:
✅ Conventional financing.
✅ FHA financing.
✅ VA and USDA financing for eligible borrowers.
✅ Down-payment assistance programs.
✅ Seller concessions toward eligible closing costs.
✅ Temporary interest-rate buydowns.
✅ Available programs for qualified borrowers with credit scores as low as 580.
The right mortgage program can sometimes make a bigger difference than waiting for a small interest-rate improvement.
And remember: Future refinancing opportunities are never guaranteed.
🏠 HOMEOWNERS — PROTECT THAT LOW MORTGAGE RATE!
If you're sitting on a mortgage rate around 3%, replacing it with today's rates may not make financial sense.
However, if you're carrying substantial high-interest debt or planning home improvements, you may have options.
A home equity loan or HELOC might allow you to access equity without replacing your existing first mortgage.
But remember, you're putting your home up as collateral.
Let's compare the total costs and risks before making any decisions.
🤝 REALTORS — KEEP YOUR BUYERS INFORMED!
Here's my recommendation for Realtors this week.
Before writing an offer, have your buyer's mortgage numbers updated.
Mortgage pricing has changed significantly over the past several weeks.
Let's review:
✔ Current mortgage pricing.
✔ Monthly payment.
✔ Purchasing power.
✔ Cash needed to close.
✔ Seller concessions.
✔ Down-payment assistance.
✔ Alternative mortgage programs.
A buyer who doesn't qualify with one lender may have options with another.
That's why working together and communicating before writing an offer is so important.
📊 TUESDAY'S MORTGAGE MARKET SCOREBOARD
🟢 10-Year Treasury: Approximately 5.19% — LOWER
🔴 Freddie Mac 30-Year Average: 7.40%
🔴 Freddie Mac 15-Year Average: 6.73%
🟠 Mortgage-Rate Pressure: Still elevated
🟢 Bond Market: Improving this morning
🔴 Nasdaq Futures: Lower
🟢 Oil Prices: Retreating
🟠 Federal Reserve: October hold currently favored
🔴 Inflation: Remains above the Fed's target
👀 TOMORROW COULD BE A BIG DAY FOR MORTGAGE RATES!
📅 Wednesday, October 14 — 8:30 a.m. ET
CONSUMER PRICE INDEX (CPI)
This report measures changes in consumer prices.
If inflation comes in lower than expected, we could see improvement in the bond market.
If inflation comes in higher than expected, mortgage rates could face renewed pressure.
📅 Thursday, October 15 — 8:30 a.m. ET
PRODUCER PRICE INDEX (PPI)
Another important inflation report that could influence mortgage pricing.
Both release dates are confirmed on the Bureau of Labor Statistics economic calendar.
These two reports could set the tone for mortgage rates over the coming weeks.
💬 MY MORTGAGE BROKER PERSPECTIVE
I've been helping families finance homes since 1993.
I've worked through high-interest-rate markets, low-interest-rate markets, and everything in between.
One thing hasn't changed:
The right mortgage is the one that makes financial sense for YOU—not necessarily the one advertised with the lowest interest rate.
Don't let headlines make your financial decisions.
Know your options.
Compare lenders.
Understand your monthly payment.
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Ken Paszkiewicz
Mortgage Broker | HomeLend USA
📱 248-417-1423
📧 [email protected]
NMLS #138254
🏡 Equal Housing Opportunity
Market information reflects data available Tuesday morning, October 13, 2026. Mortgage rates, terms, and program eligibility vary by borrower and lender. All loans are subject to underwriting approval.

Address

2107 Crooks Road
Troy, MI
48084

Telephone

+12484171423

Website

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