Mortgage Rates Maintain Last Week's Gains

Last week ended with mortgage rates dropping to their best levels since September 17th. Over the weekend, the underlying bond market maintained the gains seen on Friday afternoon, thus allowing most lenders to set rates at least as low as they were at that time.

The average lender is actually just slightly lower today, thus making this another new multi-week low. However, the range is still relatively narrow, with each day during this stretch (roughly 4 weeks) falling inside a range of 6.31 to 6.39.

It's worth noting that the MND index is an average top-tier rate, which includes high credit score, high down payment, owner-occupied, etc. There were no major sources of volatility on the calendar today, although a speech from Fed Chair Powell had the potential to cause some volatility.

The event calendar will remain relatively quiet during the government shutdown, but once it's over, volatility potential will increase.

No major sources of volatility on the calendar today.

Author summary: Mortgage rates maintain last week's gains.

Mortgage News Daily — 2025-10-15

Mortgage Rates Maintain Last Week's Gains

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