10/06/2026
📈 Mortgage Rate Watch | Week of Oct 5
Here's what moved rates this week, in plain English:
The 10-year Treasury, the bond that mortgage rates follow most closely, climbed to its highest level in a year. Mortgage rates followed it up to levels we haven't seen since late 2023.
Why? Investors are more worried about inflation than a slowing job market. Even a weak jobs report on Friday couldn't bring yields down.
What this means for you:
✅ Buying soon? Get pre-approved now so you know your real numbers.
✅ Already in contract? Let's talk about when to lock.
✅ Shopping? Higher rates often mean less competition and sellers more willing to help with costs.
Big dates ahead: Fed minutes on Wednesday and the inflation report on Oct 14.
Questions about your situation? Call or message me. That's what I'm here for.
Emilio Belisle | The Mortgage Hero | NMLS #1869622
Edge Home Finance LLC | NMLS #891464 |
Equal Housing Opportunity