Modest Uptick in Rates But Still Near 1-Month Lows
October 23, 2026 at 7:02 PM
Matthew GrahamMortgage News Daily
Yesterday was an exciting day for rates with the lowest levels since September 23rd and a fairly brisk decline versus the previous day.
Today? Fairly boring by comparison. Rates were technically a hair higher, which isn't too surprising given the prevailing motivations in the tech sector. Yesterday's rate rally coincided with heavy selling in tech stocks. With those same stocks avoiding drama today (and the NASDAQ moving slightly higher overall), bond yields (aka "rates") also inched higher.
The average mortgage lender moved up 0.03% for a top-tier 30yr fixed scenario leaving our index at 7.33%. This matches October 15th's levels in a tie for the 2nd lowest since September 23rd.
Mortgage Rate Trends
Source: Freddie Mac & U.S. Treasury via FRED — Past 12 months
Disclosure: Any rates, payments, or loan terms referenced in this article are for
informational and educational purposes only and are not a loan offer, rate lock, or commitment to
lend. Actual rates, APR, and terms depend on credit profile, property type, loan amount, and other
factors. All loans subject to credit and property approval.
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