Ian’s Daily Update

October 30, 2026

Market Update — Friday, October 30, 2026

Reprice Considerations

Not within range for Reprices in either direction

Rate Ramblings

Morning Conventional rate sheets saw some solid improvements, with most popular scenarios shedding 37 to 50bps, with Govy rate sheets seeing a little more sporadic improvements.

Nothing really to cover on the Economic Calendar, so let's talk about sending some KUDOs!

Loan Officers; have you scheduled your Halloween post from QuickPost Studio?!

The Spread between the average 30 Year Fixed Rate Mortgage and the 10 Year US Treasury is 236bps

The Chart

Daily Price Change

The price for rates improved by 29bps on average across the rate stack;

rates between 0.0 and 5.5 improved by 20bps

rates between 5.5 and 6.0 improved by 40bps

rates between 6.0 and 6.5 improved by 43bps

rates between 6.5 and 7.0 improved by 48bps

rates between 7.0 and 7.5 improved by 38bps

rates between 7.5 and 8.0 improved by 16bps

The price for rates improved by 19bps on average across the rate stack;

rates between 0.0 and 5.5 improved by 19bps

rates between 5.5 and 6.0 improved by 23bps

rates between 6.0 and 6.5 improved by 13bps

rates between 6.5 and 7.0 improved by 19bps

rates between 7.0 and 7.5 improved by 50bps

rates between 7.5 and above improved by 19bps

Conventional as of 10/30/26 8:25 AM PST | Government as of 10/30/26 8:27 AM PST

The National Average Conventional 30 Year Fixed Rate is 7.29% (-0.06%)

The National Average FHA 30 Year Fixed Rate is 6.91% (-0.08%)

Source: Mortgage News Daily, As of October 29, 2026 (checked October 30, 2026 at 11:28 AM EDT)

Reverse Mortgage Principal Limit Watch

10-year CMT daily rates for the week of Oct 26–Oct 30

Monday

Tuesday

Wednesday

Thursday

Friday

5.00%

4.99%

5.05%

4.98%

Pending

Running weekly average: 5.005% (4 of 5 days; provisional)

CURRENT EXPECTED RATE INDEX

5.125%

Good through Monday, Nov 2

ESTIMATED NEXT INDEX

5.000%

Scheduled for Tuesday, Nov 3 if confirmed

The Oct 26–Oct 30 daily readings determine the index scheduled for Tuesday, Nov 3. The running index is 7 bps lower. If confirmed, HECM principal limits would generally increase.

Source: U.S. Treasury daily 10-year CMT. Index boxes are rounded to the nearest 0.125%; the running average is shown to three decimals. Actual expected rate also includes lender margin; borrower proceeds depend on the principal limit factor and loan details.

Economic Calendar

FRIDAY - 10/30
	MARKET MOVER
	9:45 AM	Chicago PMI: October

Life

This morning we had Kate's final elementary school Halloween parade, as she rounds out 5th grade. She's dressed as a plague doctor, which is hilariously adorable. I had to get a pic of her popping out of the sunroof of OMGAMG, lol.