DSCR & mortgage rates roundup — week of October 12, 2026
This week's rates
The 30-year fixed-rate mortgage held steady at 7.40% as of October 15, unchanged from the prior week. The 15-year fixed-rate mortgage declined 2 basis points to 6.71% from 6.73%. The 10-year Treasury yield fell 9 basis points to 5.19%, moving down from 5.28% the week prior. The effective federal funds rate remained flat at 3.88%. Over the trailing 52 weeks, the 30-year fixed has ranged from a low of 5.98% to a high of 7.40%, while the 15-year fixed has traded between 5.35% and 6.73%.
What moved and why
The 30-year fixed-rate mortgage average remained unchanged this week, according to Freddie Mac's weekly survey. The modest decline in the 15-year fixed and the sharper drop in the 10-year Treasury suggest some movement in intermediate rates. However, the sources available this week did not attribute specific causes to the rate movements observed. The stable federal funds rate and ongoing economic conditions provided the backdrop, but news inputs did not identify discrete economic events or data releases driving the changes.
Hikes and cuts: what's expected
The Federal Open Market Committee will meet October 27 through October 28. The Fed's most recent statement, issued September 16, indicated the Committee had raised the target range for the federal funds rate by one-quarter percentage point to 3-3/4 to 4 percent. The Fed stated that economic activity is expanding at a solid pace, with domestic spending resilient and productivity growth strong. Job gains have kept pace with workforce growth, and the unemployment rate has changed little.
What it means for real estate and mortgages
For DSCR and investor mortgage borrowers, the flat 30-year rate at 7.40% means monthly payments on a $400,000 30-year loan remain at $2,770; a 25 basis point increase would raise that payment to $2,838 monthly. The next FOMC meeting is October 27–28; any change in the Fed's stance there would feed through to short-term and adjustable-rate borrowing costs. With the 30-year rate flat week over week, the payment on the example loan is unchanged from last week. Bridge loans and home-equity lines track intermediate Treasury yields more closely, so this week's 9 basis point decline in the 10-year is the move that matters most for those structures.
- Freddie Mac — Primary Mortgage Market Survey (PMMS) history · FETCHED OCT 16 2026
- FRED — 10-Year Treasury Constant Maturity (DGS10) · FETCHED OCT 16 2026
- FRED — Effective Federal Funds Rate (DFF) · FETCHED OCT 16 2026
- Federal Reserve — FOMC meeting calendar · FETCHED OCT 16 2026
- Freddie Mac — PMMS weekly commentary · FETCHED OCT 16 2026
- Federal Reserve — press releases (RSS) · FETCHED OCT 16 2026
- Federal Reserve — Federal Reserve issues FOMC statement · FETCHED OCT 16 2026
These are market benchmarks, not Silt Capital offers. Silt's DSCR pricing is on /rates. Figures are taken directly from the sources above; any figure a source did not publish is marked not available.