Call (206) 861-5626Get pre-approved
Pricing from Oct 23, 9:47 AM PT 30-yr fixed 6.875% 6.915% APR15-yr fixed 6.375% 6.439% APR Market watchOur lean: Lean lockBonds rally on a tech sell-off, pulling mortgage rates to a one-month lowMortgage rates ease for the first time since AugustNew housing order targets mortgage insurance and closing costs. None of it is in effect yetFed decision October 28: a hold is expected, with a December hike still on the table

Rates this week

Mortgage rates ease for the first time since August

· Enrique Pelayo Jr., NMLS #131435

Freddie Mac's weekly survey shows 30-year and 15-year fixed rates edging lower. It is a small move, but it breaks a run of weekly increases that started in late summer.

Freddie Mac's weekly survey of lenders showed both 30-year and 15-year fixed rates slipping this week, the first decline since late August. Rates remain noticeably higher than they were at this time last year.

A small move like this does not change the bigger picture by itself, but it does give buyers a little breathing room on payment. It also shows how quickly pricing can turn when bond markets calm down.

One week is not a trend. National survey figures are averages that tend to lag what lenders price day to day, and the bigger tests are just ahead: the Federal Reserve meets October 27 and 28, and bond markets are watching inflation data closely.

Our rates today

Lender sheets as of Oct 23, 9:47 AM PT
LoanRateAPRSince yesterday
30-year fixed6.875%6.915%unch.
15-year fixed6.375%6.439%unch.
30-year FHA6.375%6.962%unch.
30-year VA6.490%6.657%unch.
30-year jumbo6.875%6.898%unch.
5-year ARM6.500%6.550%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: Thursday's bond rally pushed mortgage pricing to its best level in about a month, but it was driven by a stock sell-off and could fade fast. See the full view

Get today's take in your inbox

Every weekday morning: whether we lean toward locking or waiting, the mortgage news behind it, and our rates for the day. Unsubscribe anytime.

Sources: Freddie Mac Primary Mortgage Market Survey, October 22, 2026.

See what today's market means for your loan

Real lender pricing for your scenario, a pre-approval you can shop with, or a licensed loan officer on the phone.

Get pre-approved See today's rates Call or text (206) 861-5626

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.

More from Market Watch

Federal ReserveFed decision October 28: a hold is expected, with a December hike still on the tablePolicyNew housing order targets mortgage insurance and closing costs. None of it is in effect yetBond marketBonds rally on a tech sell-off, pulling mortgage rates to a one-month low
Call usGet pre-approved