Inflation data
Wholesale inflation cools a bit in October, but the Fed still looks set to hike in December
· Enrique Pelayo Jr., NMLS #131435
October producer prices rose less than forecast for the month as energy costs fell, though the yearly pace hit its highest level in four years. The softer monthly reading took a little pressure off, but markets still expect a December Fed hike.
The Labor Department's producer price index, which tracks what businesses pay wholesale, rose more slowly in October than economists expected. Lower oil and diesel prices during the month did most of the cooling, and the core measure that strips out food, energy and trade services came in right on forecast. Measured over the past year, though, wholesale prices are climbing at their fastest pace since late 2022.
The report follows Tuesday's hotter-than-expected consumer inflation data, which set off this week's bond selloff. Analysts said the softer wholesale reading eases the pressure on the Fed slightly but does not change the picture for December, where futures markets still price a rate hike as very likely.
Freddie Mac's weekly survey on Thursday showed rates declining for a fourth straight week, but that survey mostly reflects the days before the inflation report. Daily rate trackers show mortgage pricing has moved noticeably higher since Tuesday, with a sizable jump into Friday.
Our rates today
Lender sheets as of Nov 13, 10:17 AM PT| Loan | Rate | APR | Since yesterday |
|---|---|---|---|
| 30-year fixed | 7.000% | 7.041% | +0.250 |
| 15-year fixed | 6.375% | 6.472% | +0.125 |
| 30-year FHA | 6.490% | 7.078% | +0.240 |
| 30-year VA | 6.625% | 6.790% | +0.250 |
| 30-year jumbo | 7.250% | 7.275% | +0.260 |
| 5-year ARM | 6.990% | 7.047% | +0.490 |
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
Sources: U.S. Bureau of Labor Statistics, Producer Price Index for October, Nov 13, 2026; Seoul Economic Daily, U.S. producer prices report, Nov 13, 2026; Freddie Mac, Primary Mortgage Market Survey, Nov 12, 2026; NerdWallet, daily mortgage rates, Nov 13, 2026; Yahoo Finance, daily mortgage rates, Nov 13, 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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