10-year Treasury
5.25%
+86.2 bps · workbook changeTrend unavailable
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Published Bloomberg snapshot · AskB commentary · Official benchmarks labeled separately.
Mortgage bonds
UMBS 6.098-082
UnavailableTrend unavailable
30-year mortgage rate
7.40%
+0.120 pp this weekFreddie Mac PMMS · Week of 2026-10-08WTI crude oil
$91.88
−$2.93 (-3.1%)Trend unavailable
Mortgage rates reached their highest point in nearly three years this week, with the 30-year fixed rate rising to 7.40% according to Freddie Mac — the seventh straight weekly increase. The bond market, which directly influences mortgage rates, saw significant turbulence this week as investors demanded higher yields on long-term U.S. government debt. A well-received Treasury auction on Thursday helped pull yields back from their peaks, and oil prices are falling Friday morning after a reduction in Middle East tensions, both of which are providing some stabilization. The Federal Reserve has signaled that additional interest rate increases are likely in the months ahead to bring inflation back to its 2% target, which continues to put upward pressure on borrowing costs across the economy.
Automatically updated public data
Official rate benchmarks
2-year Treasury
4.82%
Treasury daily par yield · 2026-10-1410-year Treasury
5.19%
Treasury daily par yield · 2026-10-1430-year Treasury
5.52%
Treasury daily par yield · 2026-10-1430-year FRM
7.40%
Freddie Mac PMMS · Week of 2026-10-0815-year FRM
6.73%
Freddie Mac PMMS · Week of 2026-10-08U.S. Treasury publishes daily par yields; Freddie Mac PMMS publishes weekly national mortgage averages. Checked hourly on site visits. These benchmarks are not intraday quotes or lender offers.
The signal behind the numbers
What’s moving rates today
Strong 30-Year Treasury Auction
Thursday's 30-year Treasury auction drew solid domestic and international demand, pulling long-dated yields back from their highest levels in more than two decades.
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Thursday's 30-year Treasury auction drew solid domestic and international demand, pulling long-dated yields back from their highest levels in more than two decades. ING strategists noted it has been a good week for U.S. bond auctions, with both the 10- and 30-year sales showing there is a level at which buyers step in. The auction result helped stabilize the Treasury market heading into Friday.
Federal Reserve Hawkish Signals
Multiple Fed officials reinforced a tightening bias this week.
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Multiple Fed officials reinforced a tightening bias this week. St. Louis Fed President Musalem signaled rates should rise over the next six to nine months to return inflation to the 2% target. Governor Waller said additional hikes will likely be needed, though timing is flexible. September FOMC minutes showed all 19 officials supported the September rate hike, with several viewing current rates as not or only mildly restrictive, and some seeing inflation risks as skewed to the upside.
Oil Price Volatility and Middle East Geopolitical Risk
Brent crude surged more than 4% Thursday following Iranian and Houthi attacks on Persian Gulf oil infrastructure and tanker routes near the Strait of Hormuz.
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Brent crude surged more than 4% Thursday following Iranian and Houthi attacks on Persian Gulf oil infrastructure and tanker routes near the Strait of Hormuz. Friday morning, oil retreated after President Trump stated the U.S. would not attack Iran before the midterm elections. Elevated oil prices had been contributing to inflation concerns and upward yield pressure; the Friday pullback is providing some relief to risk assets and bonds.
Today’s economic calendar
| Time (CT) | Event | Actual | Consensus | Prior | Impact |
|---|
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