Modest Uptick in Rates But Still Near 1-Month Lows

October 23, 2026 at 7:02 PM Matthew Graham Mortgage News Daily

Yesterday was an exciting day for rates with the lowest levels since September 23rd and a fairly brisk decline versus the previous day.

Today? Fairly boring by comparison. Rates were technically a hair higher, which isn't too surprising given the prevailing motivations in the tech sector. Yesterday's rate rally coincided with heavy selling in tech stocks. With those same stocks avoiding drama today (and the NASDAQ moving slightly higher overall), bond yields (aka "rates") also inched higher.

The average mortgage lender moved up 0.03% for a top-tier 30yr fixed scenario leaving our index at 7.33%. This matches October 15th's levels in a tie for the 2nd lowest since September 23rd.

Mortgage Rate Trends

Source: Freddie Mac & U.S. Treasury via FRED — Past 12 months

Originally reported by Mortgage News Daily.

Disclosure: Any rates, payments, or loan terms referenced in this article are for informational and educational purposes only and are not a loan offer, rate lock, or commitment to lend. Actual rates, APR, and terms depend on credit profile, property type, loan amount, and other factors. All loans subject to credit and property approval. Terms of Service • Privacy Policy

Ready to see what you qualify for?

Get a free personalized rate quote in minutes. No credit pull. No SSN required to get started.

Get Pre-Approved Free See Today's Rates

256-bit encryption

All Articles [email protected]

Modest Uptick in Rates But Still Near 1-Month Lows

Mortgage Rate Trends

Related Articles

Another Nice Drop For Rates, Now Near 1-Month Lows

Mortgage Rates End Flat After Starting Slightly Lower

Mortgage Rates Move Slightly Lower