Insights / Daily Rate Update — September 12, 2026
September 12, 2026
Daily Rate Update — September 12, 2026
Today's 10-Year Treasury yield is 4.95% and Freddie Mac's 30-year fixed PMMS is 6.76%. Below: the rate snapshot plus the three finance headlines moving the macro picture today.
Today's Rate Snapshot
- 10-Year Treasury Yield: 4.95% (as of 2026-09-10)
- 30-Year Fixed Mortgage (Freddie Mac PMMS): 6.76% (as of 2026-09-10)
Mortgage rates are not the same as the 10-Year Treasury yield, but they generally track its direction. Personal scenario rates can vary based on credit, LTV, occupancy, and product.
Today's Finance Headlines
Paradoxical Rally in Bonds Thanks to Higher Fed Hike Odds
Mortgage News Daily · Mortgage Market
We've been saying for a while that the longer end of the bond market really wants to see the Fed get serious about fighting inflation. This is why yields spiked on July 29th when the Fed held rates steady and Warsh said he'd let the bond market do the heavy lifting. Now today, we have back-to-back inflation reports that resulted in Fed Funds Futures pricing in a 90% chance of a hike at next week's meeting. Fed Funds Futures are the only thing that's unequivocally selling off this morning. 2yr Tr
What this means for borrowers: Bond markets are reacting to inflation data and increased expectations that the Federal Reserve will raise interest rates to combat price pressures.
August CPI shows sticky core inflation ahead of Fed meeting
HousingWire · Industry
Economists pointed to persistent services inflation as a factor that could keep borrowing costs elevated
What this means for borrowers: Persistent core inflation suggests that central bank interest rates may remain higher for longer to stabilize prices.
Existing Home Sales Dip Below 4 Million as Inventory Builds
Mortgage News Daily · Mortgage Market
Existing-home sales slipped in August, falling below the 4 million annualized pace for the first time since June 2025, while a sharp increase in inventory gave buyers more options and pushed the supply of homes to its highest level in more than a decade. The National Association of REALTORS® reported a 2.0% decline in sales from July to a seasonally adjusted annual rate of 3.98 million , while sales were 1.2% lower than a year earlier. “Mortgage rates and home sales move in opposite directions,
What this means for borrowers: Higher mortgage rates are reducing buyer demand, leading to a decline in sales volume despite an increase in available housing inventory.
The "What this means for borrowers" notes above are AI-generated and reviewed for compliance — they describe macro context, never make recommendations or forecasts. Not personal financial advice. Talk to Jesse Gonzalez, NMLS #278103, for your specific situation.