Daily Rate Commentary — Saturday, October 17
The Scariest Inflation Number in Months Was Mostly Just Gasoline
Inflation ran at 3.7% in September — the highest reading this year since May. That sounds like terrible news for mortgage rates. Instead, bond yields fell for two straight days afterward. Here’s why …
By Alex Morgan
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Rates, market news, and what it means for you — in plain English.
30-Year Fixed
7.23%▼0.02
$1,702 / mo est.
15-Year Fixed
6.68%▼0.09
$2,203 / mo est.
Jumbo
7.31%▼0.02
$1,716 / mo est.
5/1 ARM
7.52%▼0.08
$1,751 / mo est.
FHA
7.08%▼0.12
$1,677 / mo est.
VA
6.80%▲0.02
$1,630 / mo est.
Upcoming important economic events
- Oct 20Building Permits (Sep)8:30 AM
- Oct 20Housing Starts (Sep)8:30 AM
- Oct 22Continuing Jobless Claims (Oct/10)8:30 AM
- Oct 22Initial Jobless Claims (Oct/17)8:30 AM
- Oct 22Jobless Claims 4-Week Average (Oct/17)8:30 AM
- Oct 23Michigan Consumer Sentiment (Oct)10:00 AM
What would your payment be?
$2,179 / mo
Principal & interest only — estimate, not a quote.
Open the calculators →