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Today's Mortgage Rates

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Market note · Oct 16, 2026

What's moving rates

Rates ticked up just slightly to close last week, adding about a hundredth of a point to the 30-year after a sharp five-day slide that had pulled it down more than a quarter point. The week's improvement came mostly from nerves around technology and AI spending, which sent investors into bonds. Firmer oil prices and a hot inflation reading kept rates from easing any further on Friday. Expect choppy, headline-driven moves until the inflation picture cools more convincingly.

Market context compiled from Mortgage News Daily · updated each business day.

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David Bronson
Broker-Owner · People's Choice Mortgage Group

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530.933.6825