DSCR & mortgage rates roundup — week of October 19, 2026
This week's rates
The 30-year fixed-rate mortgage averaged 7.32% as of October 22, down 8 basis points from the prior week's 7.40%. The 15-year fixed-rate mortgage averaged 6.68%, a decline of 3 basis points from 6.71%. The 10-year Treasury yield fell to 5.12% from 5.21% one week earlier, a move of 9 basis points. The effective federal funds rate held steady at 3.88%, unchanged from the week prior. Over the past 52 weeks, the 30-year has traded between a low of 5.98% and a high of 7.40%. The 15-year has ranged from 5.35% to 6.73% over the same period.
What moved and why
Mortgage rates declined this week, with the 30-year fixed-rate mortgage offering relief as it decreased to 7.32%. The 10-year Treasury yield also moved lower. The news inputs provided this week did not attribute specific causes to the rate movements. The Federal Reserve's previous enforcement actions, announced on October 16, related to Gardner Bancshares, Inc. and Small Business Bank but did not address mortgage or Treasury markets. Without explicit attribution in the available sources, the reasons underlying this week's decline in rates remain unspecified.
Hikes and cuts: what's expected
The Federal Open Market Committee is scheduled to meet October 27 through October 28, 2026. In its most recent statement from September 16, the Committee approved a rate increase of one-quarter percentage point, raising the target range for the federal funds rate to 3-3/4 to 4 percent. The Committee stated it is continuing its policy of maintaining ample reserves in the banking system. Economic activity is expanding at a solid pace, domestic spending has remained resilient, productivity growth is strong, and capital investment is robust. Job gains have kept pace with workforce growth, and the unemployment rate has changed little.
What it means for real estate and mortgages
A rate decline of 8 basis points on 30-year mortgages affects cash flow on rental properties. On a $400,000 30-year loan at 7.32%, the principal-and-interest payment is $2,748 a month; at 25 basis points higher it would be $2,816, a difference of $68 a month. Lower rates improve DSCR for investors holding loans at higher coupons. Refinancing existing DSCR loans into this week's lower rates reduces monthly debt service, freeing capital for operations or reserves. Bridge loans benefit from lower back-end rates when converting to permanent financing. Home-equity lines of credit become more attractive as rates decline, offering investors flexible access to capital against property equity.
- Freddie Mac — Primary Mortgage Market Survey (PMMS) history · FETCHED OCT 22 2026
- FRED — 10-Year Treasury Constant Maturity (DGS10) · FETCHED OCT 22 2026
- FRED — Effective Federal Funds Rate (DFF) · FETCHED OCT 22 2026
- Federal Reserve — FOMC meeting calendar · FETCHED OCT 22 2026
- Freddie Mac — PMMS weekly commentary · FETCHED OCT 22 2026
- Federal Reserve — press releases (RSS) · FETCHED OCT 22 2026
- Federal Reserve — Federal Reserve issues FOMC statement · FETCHED OCT 22 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.