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Rate Watch

Track mortgage rates and market indicators in real time. Know exactly when to advise clients to lock in.

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30-Year Fixed Mortgage Rate

7.24%

-0.08% vs prior

15-Year Fixed Mortgage Rate

6.60%

-0.08% vs prior

10-Year Treasury Yield

4.91%

-0.03% vs prior

Federal Funds Rate

3.88%

+0.13% vs prior

30-Year Fixed Mortgage Rate

7.24%▲ 1.02%

Range: 5.98% – 7.40%

Nov 25Dec 25Feb 26Mar 26Apr 26Jun 26Jul 26Sep 26Oct 265.8%6.3%6.8%7.2%7.7%

Mortgage Rate vs 10-Year Treasury

Spread:2.33%
Nov 25Jan 26Feb 26Mar 26May 26Jun 26Aug 26Sep 26Nov 263.8%4.8%5.7%6.7%7.6%
  • 30-Yr Mortgage
  • 10-Yr Treasury

10-Year Treasury Yield

4.91%▲ 0.78%

Range: 3.97% – 5.31%

Nov 25Dec 25Feb 26Mar 26May 26Jun 26Aug 26Sep 26Nov 263.6%4.0%4.5%5.0%5.4%

Federal Funds Rate

3.88%— 0.00%

Range: 3.63% – 3.88%

Dec 25Feb 26Apr 26Jun 26Aug 26Oct 263.6%3.7%3.8%3.8%3.9%

What Drives Mortgage Rates?

Treasury Yields

Mortgage rates closely track the 10-Year Treasury yield. When Treasury yields rise, mortgage rates typically follow.

Federal Reserve Policy

The Fed sets the federal funds rate, which influences short-term borrowing costs and shapes market expectations.

Inflation

Higher inflation erodes the value of fixed returns, pushing lenders to raise rates to compensate.

Economic Growth

Strong economic data tends to push rates up, while weak data or recession fears push them down.