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Live pricing · updated 9:05 AM PT 30-yr fixed 6.875% 6.915% APR15-yr fixed 6.250% 6.346% APR Market watchRate outlook: Leaning toward lockingMortgage applications rise for the first time in two months as rates easeMortgage rates hold steady as the Fed opens its two-day meetingMortgage rates start Fed week near a one-month low, with inflation data close behindBonds rally on a tech sell-off, pulling mortgage rates to a one-month lowMortgage rates ease for the first time since August

Rates today

Mortgage applications rise for the first time in two months as rates ease

· Enrique Pelayo Jr., NMLS #131435

Mortgage applications rose last week for the first time since August, after rates eased for a second straight week. Treasury yields ticked higher Wednesday morning ahead of this afternoon's Fed decision.

The Mortgage Bankers Association's weekly survey showed applications rising in the week ending October 23, snapping a seven-week losing streak. Both home purchase and refinance applications picked up, and the average rate in the survey fell for a second week in a row. More borrowers also leaned toward adjustable-rate loans to lower their starting payment.

Day-to-day pricing has been calm. Lenders held rates roughly unchanged on Monday and Tuesday, near the best levels in about a month, as the bond market barely moved. Treasury yields edged up early Wednesday as investors waited on the Fed.

The Fed announces its decision at 2pm Eastern today, followed by Chair Kevin Warsh's press conference. Markets widely expect a hold, but futures still lean toward a hike in December, so the tone of the statement matters most. September PCE inflation and third-quarter growth follow on Thursday.

Our rates today

Lender sheets as of Oct 28, 9:05 AM PT
LoanRateAPRSince yesterday
30-year fixed6.875%6.915%unch.
15-year fixed6.250%6.346%unch.
30-year FHA6.490%7.062%+0.115
30-year VA6.490%6.664%unch.
30-year jumbo6.875%6.898%unch.
5-year ARM6.500%6.552%unch.

Purchase of a $750,000 primary home in King County with 20% down and a 760 credit score (jumbo: $1.8 million with 25% down; VA: eligible veteran, same price and down payment). Lowest rate with no points from today's wholesale lender sheets. Your rate depends on your credit, loan and property. Not a commitment to lend. Price your own scenario

Lean lockToday's take: Rates have eased for two weeks and are holding near a one-month best, but Treasury yields ticked up this morning ahead of the Fed's decision. See the full view

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Sources: Mortgage Bankers Association Weekly Applications Survey, via CNBC and InstaForex, October 28, 2026; Mortgage News Daily, October 27, 2026; TokenPost market report, October 28, 2026.

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General market commentary, not a rate quote or commitment to lend. Your rate and terms depend on your credit, loan amount, down payment, property and lender approval, and can change daily. This is a general market view, not advice on whether to lock your rate; talk to us before you lock. Mortgage Lending Group LLC, Company NMLS #1157983. Enrique Pelayo Jr., NMLS #131435. Equal Housing Opportunity.

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