Daily Rate Update — September 29, 2026

Today's Rate Snapshot

• 10-Year Treasury Yield: 5.17% (as of 2026-09-25)
• 30-Year Fixed Mortgage (Freddie Mac PMMS): 7.03% (as of 2026-09-24)

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

Mortgage Rates Officially Hit 7.5%

Mortgage News Daily · Mortgage Market

Despite Friday afternoon's promising bond market rally and mortgage rate improvement, today's top tier 30yr fixed rate bounced back up. The average lender is now at 7.50% for the first time since April 30, 2024. While there's been a lot of short-term correlation between oil prices and interest rates over the last 6 months, oil does a poor job of explaining much of the recent upward momentum in rates. At times today, it seemed that the higher rates coincided with higher oil prices, but oil fell a

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Are 9% mortgage rates possible?

HousingWire · Industry

Without a 10-year move above 6% and the spreads widening, the math does not support 9% — even with a hawkish Fed

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Bond-Specific Weakness

Mortgage News Daily · Mortgage Market

Bond-Specific Weakness Over the past 6 months, as bonds continued to sell off, there was frequently some solace in the fact that the rate spike correlated with oil or diesel prices enough to hope that an oil price recovery would pave the way for a rate recovery. While there's likely still some benefit for bonds from a large, sustained drop in oil prices, the broader disconnect is increasingly conspicuous. Today was the latest example. Yields appeared to track with oil on the way up (for the most

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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.