October 13, 2026

Mortgage Rates Today, October 13, 2026 (index as of Oct 9 close)

Daily index figures are Mortgage News Daily as of the October 9, 2026 close. The index posts each afternoon, so a morning update carries the prior business day.

By Brendin Straubel, NMLS #1757609 · All daily updates

Today’s index numbers

All four readings below come from the Mortgage News Daily rate index on the same day, so they can be compared with each other.

30-year fixed: 7.48% (-0.02 on the day), Mortgage News Daily, as of October 9, 2026
15-year fixed: 7.15% (-0.02 on the day), Mortgage News Daily, as of October 9, 2026
30-year FHA: 7.15% (-0.02 on the day), Mortgage News Daily, as of October 9, 2026
30-year VA: 7.17% (-0.01 on the day), Mortgage News Daily, as of October 9, 2026

Freddie Mac weekly survey: 7.40%, survey dated Oct 8. A weekly national survey of purchase applications, so it lags the daily index above.

Also today: the jumbo reading on the same Mortgage News Daily index came in at 7.63%, down 0.02 on the day, and the 7/6 SOFR adjustable rate came in at 6.90%, down 0.05. The Federal Reserve’s target range for the federal funds rate is 3.75% to 4.00% following the quarter point increase on September 16, and the next scheduled meeting is October 28. The 10-year Treasury yield is near 5.20% this morning, with the 2-year near 4.80%. This morning’s data was the NFIB Small Business Optimism Index, which fell 0.8 points in September to 97.9, a touch under the survey’s long run average of 98 and a touch under the 98 reading market reporting had described as the consensus. Labor quality or availability was the most cited problem among the owners surveyed, at 26%. September existing home sales follow at 10:00 Eastern, the monthly Treasury budget statement at 2:00 Eastern, and Richmond Fed President Tom Barkin and Boston Fed President Susan Collins both speak later in the day. The week’s two inflation reports land at 8:30 Eastern tomorrow, with the September Consumer Price Index, and Thursday, with the September Producer Price Index.

These are national survey and index averages, not an offer.

What moved rates

Nothing has moved them since Friday. The figures above are the Mortgage News Daily index at Friday’s close, when the 30-year fixed reading finished 2 basis points lower at 7.48%, its best level in about two weeks. That is the most recent reading the index has, and it is the same one that appeared here yesterday.

The reason is the calendar rather than the market. The Securities Industry and Financial Markets Association recommended a full close for U.S. dollar denominated fixed income trading on Monday, October 12, for Columbus Day, so government securities and mortgage backed securities did not trade, lenders did not publish new rate sheets, and no new index reading posted. Mortgage News Daily published no rate commentary or bond recap for Monday either. Anyone comparing today’s number against yesterday’s is comparing two copies of the same Friday reading.

Trading resumed this morning, with the 10-year Treasury yield near 5.20%, a few basis points below where it finished last week. Whether that carries into lender pricing will show up in tomorrow’s index reading rather than today’s, because the index posts in the afternoon and this page goes out in the morning. The next real test is tomorrow at 8:30 Eastern, when the September Consumer Price Index is released, with the Producer Price Index on Thursday. Those two reports are the last significant inflation data before the Federal Open Market Committee meets on October 28, and the federal funds target range stands at 3.75% to 4.00% going in.

What it means if you are…

Shopping. A quiet stretch is a reasonable time to do the unglamorous parts. Gather the last two years of returns and the last two months of statements, and get a written quote on the scenario you are actually buying rather than a generic one, so that when a number does move you already know what the payment looks like at your price point. Nothing above is a quote on your file.

Refinancing. The government programs are pricing under conventional on this reading: FHA 30-year at 7.15% and VA 30-year at 7.17%, against 7.48% on the conventional 30-year. If your existing loan is FHA or VA, that spread is the first thing to check, because an FHA streamline or a VA interest rate reduction refinance can carry lighter documentation than a conventional refinance. Run your own numbers through the refinance savings check on this site before you decide whether a look is worth the paperwork, and remember that closing costs decide the break even, not the rate alone.

Under contract. If your rate is locked, the holiday changed nothing about it, and a lock that was fine Friday is fine today. If you are floating with a closing date inside the next few weeks, your file now sits in front of two inflation reports in three days, so it is worth asking your lender where your lock stands and what it would cost to lock through your closing date.

What a $400,000 loan looks like at today’s average

At 7.48%, the monthly rate is 7.48% divided by 12, or about 0.6233%. Applied to a $400,000 balance over 360 monthly payments, principal and interest work out to roughly $2,792 a month. These figures exclude property taxes, homeowners insurance, flood insurance, mortgage insurance and any association dues; the actual monthly obligation will be greater.

Florida note

Title insurance is one of the larger line items on a Florida closing, and it is one of the few that is set by rule rather than by the company writing it. Under Rule 69O-186.003 of the Florida Administrative Code, the premium is promulgated: $5.75 per $1,000 of coverage on the first $100,000, then $5.00 per $1,000 above that up to $1 million, with a $100 minimum. Shopping that premium across title companies accomplishes nothing, because every underwriter in the state charges the same figure. What does change it is whether the reissue rate applies, which runs $3.30 per $1,000 on the first $100,000 and $3.00 per $1,000 above that. On a $400,000 lender’s policy, that is $1,230 instead of $2,075, a difference of $845. Refinances are one of the situations the rule covers: a mortgage policy issued on the refinance of property already insured by an original owner’s policy that insured the current borrower qualifies for the reissue schedule, and unlike the three year window that applies to resales, that refinance provision carries no time limit. Here is the catch that costs Florida homeowners real money. The rule conditions the discount on the agent and the underwriter each keeping a copy of the prior policy in their files, so if nobody produces the policy from your original purchase, the file prices at the full rate by default and nobody is obligated to go looking for it. Dig the owner’s title policy out of your purchase closing package, or ask the title company that handled that closing for a copy, and hand it to the closing agent when you open the refinance rather than the week of closing. Any coverage above the amount of that prior policy is still charged at the original rate, so a borrower taking cash out pays the reissue rate up to the old policy amount and the full rate on the new money above it.

Rates shown could change or may not be available at commitment or closing. For a quote on your own scenario, use the rate-quote form on this page.

Daily Mortgage Rates is published by PMF, Inc. d/b/a Pioneer Mortgage Funding, NMLS #1980 · Branch NMLS #2681379 · Mortgage Loan Originator: Brendin Straubel, NMLS #1757609 · 401 E Jackson St, Suite 2340, Tampa, FL 33602 · 813-728-7764 · bstraubel@pmfmortgage.com. Verify licensing at nmlsconsumeraccess.org. Not a commitment to lend. All loans subject to credit approval.