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This week

Week of October 8, 2026

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10-year Treasury
5.27%
St. Louis Fed (FRED) on October 6, 2026. No October 7 or 8 row posted there yet.
30-year average
7.40%
Freddie Mac weekly average for October 8, 2026, up from 7.28%
My call
Payment certainty first
I would lock a tight file. I would not wait for the October 27-28 Fed meeting.

Freddie Mac's October 8 survey puts the 30-year average at 7.40%. It was 7.28% on October 1. The 15-year average is 6.73%, up from 6.60%. A year ago those averages were 6.30% and 5.53%. Source: freddiemac.com/pmms.

The St. Louis Fed weekly series shows the same 7.40% for October 8. On that series, the last weekly reading at or above 7.40% was 7.44% on November 16, 2023. So 7.40 is the highest weekly average since then. That is not a record.

The Fed last moved on September 16. They raised the target range a quarter point, to 3.75% to 4.00%. The vote was 12-0. They did not meet this week, and the range has not changed. Minutes from the September 15-16 meeting came out Wednesday, October 7.

The 10-year stayed in a narrow range this week. It sits a few hundredths above last Thursday. Treasury.gov has no October 8 row yet. On October 7 the 10-year was 5.28%, against 5.24% on October 1. The high for the week was 5.31% on October 5. On October 7 the 2-year was 4.77% and the 30-year was 5.67%. The St. Louis Fed's latest 10-year is 5.27% on October 6, up from 5.24% on October 1. Its latest 30-year Treasury is 5.64% on October 6, up from 5.61% on October 1. None of these is a BankPricer quote.

These are public averages. They are not your quote.

Next week

October 12 through October 16 is a short list. Monday, October 12, is Columbus Day. Wednesday, October 14, at 8:30 a.m. ET is the September CPI report. The Beige Book comes out that afternoon at 2:00 p.m. ET.

The next Fed meeting is October 27-28. The one after that is December 8-9. The target range is still 3.75% to 4.00%. I would not float a tight Chicago file and hope that October meeting fixes the payment.

Lock or wait

Lock if you close in the next 30 to 45 days, or the payment only works near the quote you have now. With the 30-year average at 7.40%, a slightly better number is a bad trade if it costs you a lock extension.

Wait only if you are still house hunting and the payment has room. You also need the number that makes you lock. Without that number, you are hoping.

Points

Thinking about paying points? Run the break-even in the rate buydown calculator before you spend cash you may need at the closing table.

A question?

If this did not answer yours, ask me. I add the ones I hear a lot to the next update.