Mortgage Rates Face Upward Pressure as Treasury Yields Rise | Today, October 14, 2026

Today’s mortgage rates

The 10-year Treasury yield rose between Tuesday’s close and Wednesday’s early-morning snapshot, a move that can put upward pressure on mortgage pricing.

A hotter-than-expected CPI reading could put upward pressure on mortgage rates. The CPI report was scheduled for release at 8:30 a.m. ET Wednesday, and this page’s market data were captured at that same time, so the figures may not reflect any reaction to it.

Wherever rates stand when you read this, see if refinancing makes sense or tapping home equity is prudent. For home buyers, explore expert advice for 2026 and check if you qualify for financial assistance programs or more flexible loan options.

Current mortgage and refinance rates

Rates in the table above are the latest available from our partner network. At publication, they reflected partner data dated October 12, 2026, and they are not new readings for October 14, 2026. The table may update after publication.

>Related: 7 Tips to get the best refinance rate

30-year fixed rate mortgage

In the latest available partner data shown in the table above, the average 30-year fixed mortgage rate was 7.465%.

The average 30-year fixed rate mortgage (FRM) hit a record weekly low of 2.65% on Jan. 7, 2021, and a record weekly high of 18.63% on Oct. 9, 1981, according to Freddie Mac.

For the same loan amount, a 30-year FRM spreads repayment over a longer term, which generally lowers the monthly principal-and-interest payment compared with a shorter term but increases total interest paid.

15-year fixed rate mortgage

In the same partner data, the average 15-year fixed mortgage rate was 6.804%.

The average 15-year FRM hit a record weekly low of 2.1% on July 29, 2021, and a record weekly high of 8.89% on Dec. 16, 1994, according to Freddie Mac, which began tracking the 15-year rate in 1991.

For the same loan amount, a 15-year FRM generally has higher monthly principal-and-interest payments than a 30-year loan, but less total interest over the life of the loan.

5/1 adjustable-rate mortgage

The 5/1 ARM Conventional row in the table above shows the latest available partner rate for this loan type. Adjustable-rate mortgages (ARMs) typically have lower initial interest rates compared to fixed loans. Once that initial period ends, the interest rate adjusts to the current market conditions. In this case, the initial period is five years and the adjustments are up to once every year. A 5/1 ARM may appeal to borrowers who expect to sell or refinance before the initial fixed period ends, but the rate and payment can rise after that period.

Market data affecting today’s mortgage rates

Here’s a snapshot of market conditions captured at 5:30 a.m. PT on Oct. 14. Treasury, stock, oil and gold figures compare with each market’s previous close; the Fear & Greed Index compares with its prior reading. The “good” and “bad” labels describe possible directional influences on mortgage rates; they are not confirmed changes in today’s mortgage pricing or lender quotes.

• The yield on 10-year Treasury notes increased to 5.228% from 5.217% (Potentially bad for mortgage rates). Mortgage rates often follow these Treasury bond yields.
• Major stock indexes closed lower in the previous session. (Potentially good for mortgage rates.) When investors sell shares and move into bonds, bond purchases can push prices up and yields down, potentially easing mortgage rates.
• Oil prices increased to $95.55 from $94.14 a barrel. (Potentially bad for mortgage rates.*)
• Gold prices decreased to $4,168.20 from $4,177.30 an ounce. (Neutral for mortgage rates.*)
• CNN Business Fear & Greed Index decreased to 45.1 from 45.9 out of 100. (Potentially good for mortgage rates.)

*We treat a move of less than $20 an ounce in gold prices or 40 cents a barrel in oil prices as too small to count, so only larger moves are labeled good or bad for mortgage rates.

Caveats about markets and rates

These indicators can influence mortgage-rate markets, but they do not reliably predict same-day lender quotes, especially during volatile trading.

So, use markets only as a rough guide. Be aware that “intraday swings” (when rates change speed or direction during the day) are a common feature right now.

What’s driving mortgage rates today?

This week

The market snapshot was taken at 5:30 a.m. PT (8:30 a.m. ET) Wednesday, October 14. The 10-year Treasury yield was 5.228%, up 0.011 percentage point from Tuesday’s closing level of 5.217%, according to CNBC. WTI crude oil front-month futures traded at $95.55 a barrel versus $94.14 at the previous close, while gold front-month futures were $4,168.20 compared with a $4,177.30 previous close, also per CNBC. These indicators suggest possible pressure on mortgage rates; they do not establish changes in lender quotes.

Equity benchmarks closed lower in Tuesday’s session, according to CNBC. The Dow finished down 0.35%, the S&P 500 was off 0.02%, and the Nasdaq eased 0.15%. CNN’s Fear & Greed Index registered 45.1 Wednesday morning, down from a prior reading of 45.9.

Freddie Mac’s weekly 30-year fixed mortgage average was 7.40% on October 8, up 0.12 percentage points from October 1. This is a weekly benchmark, not today’s lender quote. The 15-year fixed average was 6.73%, up from 6.60%.

The economic calendar leading into Wednesday included scheduled remarks on Monday from Cleveland Fed President Beth Hammack, and on Tuesday appearances by Fed Governor Christopher Waller, Richmond Fed President Thomas Barkin, and Boston Fed President Susan Collins, alongside the NFIB Small Business Optimism Index and Existing Home Sales. We have no results or remarks to report from those events.

Wednesday’s schedule also included Fed Governor Michelle Bowman at 5:40 a.m. ET, MBA Mortgage Applications at 7 a.m. ET, Barkin at 1:30 p.m. ET, and Bowman again at 10:55 p.m. ET. Thursday’s closely watched releases include Jobless Claims, the Producer Price Index for final demand, and Retail Sales, all scheduled for 8:30 a.m. ET.

Recent trends

Freddie Mac’s October 8 report put the weekly 30-year fixed mortgage rate average at 7.4%, rising 12 basis points (0.12 percentage point) from the previous week. Freddie’s data serves as a market barometer and trend tracker, but individual rates vary by lender and depend on personal financial profiles.

Mortgage rate methodology

The Mortgage Reports receives rates based on selected criteria from multiple lending partners, typically each business day. The table shows the latest data available, which may not reflect the publication date. We arrive at an average rate and APR for each loan type to display in our chart. Because we average an array of rates, it gives you a better idea of what you might find in the marketplace. Furthermore, we average rates for the same loan types. For example, FHA fixed with FHA fixed. The end result is a good snapshot of daily rates and how they change over time.

Current mortgage rates methodology

We typically receive mortgage-rate data each business day from a network of mortgage lenders that offer home purchase and refinance loans. Those mortgage rates shown here are based on sample borrower profiles that vary by loan type. See our full loan assumptions here.

🏠 Equal Housing Lender. The Mortgage Reports, NMLS #1019791. Verify our licensing at NMLS Consumer Access. We do business in accordance with the Equal Credit Opportunity Act and federal Fair Housing laws. This article is for editorial and informational purposes only and is not an offer or commitment to lend; rates and terms are illustrative and subject to change without notice.