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Pricing from Oct 27, 2:24 PM PT 30-yr fixed 6.875% 6.915% APR15-yr fixed 6.250% 6.346% APR Market watchOur lean: Lean lockMortgage 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 AugustNew housing order targets mortgage insurance and closing costs. None of it is in effect yet

Rates today

Mortgage rates hold steady as the Fed opens its two-day meeting

· Enrique Pelayo Jr., NMLS #131435

Mortgage pricing stayed close to its best level in about a month on Monday, and bond markets were quiet Tuesday morning as the Fed began meeting. The next real move likely comes with Wednesday's decision or Thursday's inflation report.

Monday was a calm day for mortgage rates. The average lender held near its best pricing in more than a month, even though tech stocks and tech-company bonds bounced back a bit. That bounce could have pulled money away from mortgage bonds, so holding ground was a good sign. Treasury yields, which mortgage pricing tends to follow, were little changed early Tuesday.

The Fed's two-day meeting started Tuesday, with the decision due Wednesday afternoon and a press conference from Chair Kevin Warsh after that. Futures markets strongly favor a hold. What matters more for mortgages is whether Warsh keeps the door open to another hike in December.

Smaller reports on durable goods orders, consumer confidence and new home sales come out Tuesday. The bigger test is Thursday, when September PCE inflation, the Fed's preferred gauge, and the first estimate of third-quarter growth are released.

Our rates today

Lender sheets as of Oct 27, 2:24 PM PT
LoanRateAPRSince yesterday
30-year fixed6.875%6.915%unch.
15-year fixed6.250%6.346%unch.
30-year FHA6.375%6.960%unch.
30-year VA6.490%6.656%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: Mortgage pricing is holding near its best level in about a month, and bond markets were quiet as the Fed began its meeting. See the full view

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Sources: Mortgage News Daily, October 26, 2026; CNBC, October 27, 2026; NerdWallet, October 27, 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.

More from Market Watch

Week aheadMortgage rates start Fed week near a one-month low, with inflation data close behindFederal ReserveFed decision October 28: a hold is expected, with a December hike still on the tableBond marketBonds rally on a tech sell-off, pulling mortgage rates to a one-month low
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