Rate Watch
POSITIVE: Bonds improving — rates trending lower. This is a positive move for borrowers.
Representative conventional rates
Representative options before your scenario — your exact rate depends on your details.
- 7.250%Rate7.283%APR$1,080 lender credit$2,729/mo principal & interest
- 7.375%Rate7.375%APR$3,264 lender credit$2,763/mo principal & interest
- 7.500%Rate7.500%APR$4,640 lender credit$2,797/mo principal & interest
Source: disclosed lender rate sheet, generation b1df8b93-701b-43c5-9f36-c748f83646a1, effective 2026-10-01.
Important rate disclosures
- Rates as of October 1, 2026 3:43 PM MDT. Updated at least once daily and subject to change without notice as the market moves.
- The rates shown are representative rates compiled by NetRate Mortgage for our licensed states, based on these assumptions: a $400,000 first-lien purchase loan on an owner-occupied primary residence single-family in Colorado, 25% down (75% LTV), 780 FICO credit, 30-year fixed-rate conventional — each rate is shown with its accompanying discount points or lender credit. Your actual rate and terms depend on your scenario — loan amount, property type and use, down payment, credit, and other factors — and may differ from the rates shown.
- Each rate is shown with its Annual Percentage Rate (APR), the cost of credit as a yearly rate including certain fees. Compare loans using the APR.
- Mortgage rates change frequently with the market and may be higher or lower by the time you apply or lock a rate.
- This rate information is for illustration only. It is not an offer, commitment, or approval to extend credit, and it is not a Loan Estimate. Your available rate and terms are confirmed only after you apply and we review your specific situation.
- To confirm the rate and terms available for your scenario, contact NetRate Mortgage at 303-444-5251.
- NetRate Mortgage LLC is a licensed mortgage broker, NMLS #1111861.
- Any monthly payment shown is principal and interest only for the stated loan amount and term; it excludes taxes, insurance, and other amounts, so your total monthly payment will be higher.
- NetRate Mortgage is licensed in CA, CO, OR, and TX; displayed rates and loan availability are limited to these states.
Assumptions (band-scenario-v1) and disclosure text (rate-display-disclosure v1.0.0). Reg Z §1026.24 · MAP Rule (12 CFR §1014).
Bonds shook off a hot inflation reading Thursday and rallied. UMBS 6.0 closed at 98.32, up 29 cents, the 10-year Treasury fell to 5.241%, and the average 30-year fixed eased to 7.54% from 7.60%.
The day went both ways. At 10 AM ET the ISM manufacturing prices-paid index came in at 77.9 against a 72.3 forecast. Mortgage bonds dropped to 97.80 and the 10-year touched 5.34%. That level held, and by 10:46 AM MBS were back to unchanged. The rally kept building into the afternoon, peaking at 98.45 (up 42 cents) around 1:30 PM, and gave a little back into the close. From low to high that's about a 65-cent range, the widest of the week. Short-term Treasuries led: the 2-year fell 11 basis points and the 10-year less than 5, so expectations for Fed policy moved, not just long-term rates. No single catalyst explains it. Traders covering bets on higher rates ahead of Friday, worries in European bond markets, reassuring comments from Fed officials, and buying at the 5.34% level all likely played a part. For borrowers, the 6-basis-point drop in the average rate is the first real relief after six straight weeks of increases. One day is not a turn, though. Weekly jobless claims stayed low at 197,000, continuing claims fell to 1.70 million, and the labor market still looks firm. The Fed debate is still hold versus hike. Friday's September jobs report at 8:30 AM ET is the test. A strong number could erase today's gains in a single session, and a soft one would be the first sign this rally can run. — David Burson, NetRate Mortgage
Read more ↓Treasury Yields
NetRate Mortgage vs MND
Rates as of October 1, 2026
| Product | NetRate Mortgage | APR | MND National Avg | MND Day Change | Your Savings |
|---|---|---|---|---|---|
30-Yr Fixed Conventional | 7.250% | 7.283% | 7.540% | -0.060% ↓ | −0.290% |
15-Yr Fixed Conventional | — | — | 7.180% | -0.040% ↓ | — |
FHA 30-Yr Government | — | — | 7.150% | 0.000% | — |
VA 30-Yr Veteran | — | — | 7.170% | 0.000% | — |
Jumbo 30-Yr Conforming Plus | — | — | — | — | — |
780+ FICO · 75% LTV · Purchase · Owner-occupied | National benchmark from Mortgage News Daily (MND)
Economic Calendar
National Mortgage Rate History
Benchmark Index Rates
What’s Moving Rates
The day went both ways. At 10 AM ET the ISM manufacturing prices-paid index came in at 77.9 against a 72.3 forecast. Mortgage bonds dropped to 97.80 and the 10-year touched 5.34%. That level held, and by 10:46 AM MBS were back to unchanged. The rally kept building into the afternoon, peaking at 98.45 (up 42 cents) around 1:30 PM, and gave a little back into the close. From low to high that's about a 65-cent range, the widest of the week. Short-term Treasuries led: the 2-year fell 11 basis points and the 10-year less than 5, so expectations for Fed policy moved, not just long-term rates. No single catalyst explains it. Traders covering bets on higher rates ahead of Friday, worries in European bond markets, reassuring comments from Fed officials, and buying at the 5.34% level all likely played a part. For borrowers, the 6-basis-point drop in the average rate is the first real relief after six straight weeks of increases. One day is not a turn, though. Weekly jobless claims stayed low at 197,000, continuing claims fell to 1.70 million, and the labor market still looks firm. The Fed debate is still hold versus hike. Friday's September jobs report at 8:30 AM ET is the test. A strong number could erase today's gains in a single session, and a soft one would be the first sign this rally can run. — David Burson, NetRate Mortgage
Market News
Ready to see your actual rate?
These are standard scenario rates. Your rate depends on your credit, loan amount, and property. Get a personalized quote in 30 seconds.
About NetRate Mortgage's Rate Watch
NetRate Mortgage tracks daily mortgage rates sourced directly from our lender partners. Unlike survey-based averages from Freddie Mac or Bankrate, our data reflects actual rates available to licensed mortgage brokers — updated every business day.
The national average rate shown on this page comes from Freddie Mac's Primary Mortgage Market Survey (PMMS), published weekly. This survey-based rate includes approximately 0.7 discount points and reflects retail pricing offered directly to consumers by banks and lenders.
The difference between broker pricing and retail pricing exists because retail lenders build their margin, overhead, and profit into the rate they quote you. When you work with a mortgage broker like NetRate Mortgage, you access lender pricing directly and pay a transparent broker fee instead — typically resulting in a lower overall cost.
The historical chart shows the national average, using daily Mortgage News Daily observations when available and Freddie Mac's weekly PMMS series through FRED as the fallback. It is market context, not a personalized quote or a record of NetRate Mortgage pricing.
Market commentary is for informational purposes only and does not constitute financial advice. Rates shown are par rates (zero discount points) and are subject to change without notice. Actual rates depend on individual borrower qualifications including credit score, loan amount, property type, and occupancy. National average data sourced from Freddie Mac Primary Mortgage Market Survey via FRED (Federal Reserve Economic Data). This product uses the FRED API but is not endorsed or certified by the Federal Reserve Bank of St. Louis. NetRate Mortgage LLC NMLS #1111861. Equal Housing Opportunity.