FinancingBy RISE Community editors
Mortgage Rates Ease to 7.52% as the 10-Year Treasury Yield Drops to 5.09%
HousingWire reports that 30-year conforming mortgage rates averaged 7.52% on Tuesday, down 11 basis points in a week, as Treasury yields fell.
Key facts
- 30-year conforming mortgage rates averaged 7.52% on Tuesday, down 11 basis points from a week earlier, according to HousingWire.
- FHA 30-year rates averaged 7.18%, down 19 bps in a week, while 30-year jumbo rates rose 1 bps to 7.76%.
- The 10-year Treasury yield fell from 5.31% on Oct. 5 to 5.09% on Oct. 16, while mortgage spreads stood at 2.21% on Oct. 15.
- The Mortgage Bankers Association projects $1.99 trillion in single-family originations for 2027, below its estimate of $2.1 trillion for 2026.
- The FedWatch tool from CME Group showed 85% of traders expecting a pause at the Oct. 28 Fed meeting.
- Nearly 75% of traders expected a 25-bps hike in December, according to CME FedWatch.
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Read the original at HousingWire (opens in a new tab)
Source: Mortgage rates dip as 10-year Treasury yield slides — HousingWire, October 20, 2026. Summary and commentary by RISE Community; read the full story at the source.
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