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Mortgage Rates Near 1-Week Lows

October 6, 2026 at 07:40 PM Matthew Graham Mortgage News Daily

Mortgage rates actually fell today--something they've done only 7 times since August 25th. While the outright levels remain near the highest since 2003, they're near the lowest in just over a week with top-tier 30yr fixed rates down to 7.56% for the average lender.

What gives? Is this a sign that recent upward momentum is starting to wane? It's too soon to conclude such things, but it is somewhat encouraging that yesterday's long-term high was basically right in line with the high seen on September 30th (7.61 vs 7.60). This is the sort of "double top" behavior that some analysts look for when trying to identify momentum shifts.

Bottom line: it's too soon to start celebrating. But it's better than the average day of late.

Mortgage Rate Trends

Source: Freddie Mac & U.S. Treasury via FRED — Past 12 months

Rate chart unavailable.

Originally reported by Mortgage News Daily.
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. Blue Sky Lending, LC is a licensed mortgage broker, not a direct lender. The Lending Stars NMLS #289106. Blue Sky Lending, LC NMLS #289106. Equal Housing Lender. Terms of Service • Privacy Policy

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