Daily Rate Update — November 6, 2026

Today's Rate Snapshot

• 10-Year Treasury Yield: 4.9% (as of 2026-11-04)
• 30-Year Fixed Mortgage (Freddie Mac PMMS): 7.18% (as of 2026-11-05)

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

Another Decent Drop as Mortgage Rates Move Under 7.2%

Mortgage News Daily · Mortgage Market

Yesterday, it was a drop below 7.25%. Today, the 7.20% floor was broken. Mortgage rates have been on a tear over the past month and are now back to 7.17% for the average lender. If there's one thing that deserves most of the credit for this bull run, it's the extreme bearishness in tech stocks. The NASDAQ is now down roughly 14% from the October highs and the drop perfectly coincides with the drop in bond yields and interest rates. The road ahead is fairly simple: if tech continues causing panic

Read the original →

Can the new Congress help lower mortgage rates?

HousingWire · Industry

The 4 factors that could pull the 10-year yield off recent highs

Read the original →

Modestly Weaker For a Few Potential Reasons

Mortgage News Daily · Mortgage Market

Bonds are starting the day a few bps weaker. 10yr yields are just over 4.90% and considering they were almost 50bps higher a month ago, you're free to go about your business today without scrutinizing this morning's baby bump. It could be purely incidental. But for those who demand scapegoats, the easiest suspect to blame would be corporate debt issuance from Apple, which coincided with bonds breaking away from their overnight stock market correlation. In the bigger picture, we could consider in

Read the original →

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.