Mortgage Rates Hold Steady Amid Rising Treasury Yields | Today, August 10, 2026

Today’s mortgage rates

Mortgage borrowers are starting the week on relatively calm footing: Freddie Mac’s 30-year average came in at 6.69%, and the broader rate roundup in Monday coverage points to mortgage and refinance rates holding steady to a bit lower than last week. That gives purchase shoppers and refinancers a slightly better setup than a week ago, even if there isn’t much fresh improvement showing up this morning.

The market backdrop is a little less friendly. The 10-year Treasury yield rose 2.7 basis points to 4.666% from 4.639%, even as stocks moved higher, with the Dow up 0.28%, the S&P 500 up 0.62% and the Nasdaq up 1.30%, while CNN’s Fear & Greed Index climbed to 63.7 from 59.6. That mix suggests risk appetite improved, but the move higher in yields is still a mild warning sign for mortgage rates.

Inflation-sensitive signals also perked up, with WTI crude oil up $2.39 to $79.50 per barrel and gold up $12.70 to $4,388.80 an ounce. Higher oil prices could keep rate markets on alert ahead of this week’s data.

On the calendar, Cleveland Fed President Beth Hammack speaks at 3 p.m. ET today, followed by Existing Home Sales on Tuesday and MBA applications and CPI on Wednesday. With the Fed still offering few hints on what comes next, borrowers should keep the focus on CPI in particular, since that report has the best chance to decide whether this week’s modest rate relief holds.

Although rates have elevated from recent lows, 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

>Related: 7 Tips to get the best refinance rate

30-year fixed rate mortgage

At the time this was published, the average 30-year fixed mortgage rate reached 6.763%.

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 8.89% on Dec. 16, 1994, according to Freddie Mac.

A 30-year FRM gives borrowers an affordable option but you pay more interest over the life of the loan compared to shorter mortgages.

15-year fixed rate mortgage

Today, the average 15-year fixed mortgage rate went to 6.121%.

The average 15-year FRM hit a record weekly low of 2.1% on July 29, 2021, and a record weekly high of 18.63% on Sep. 10, 1981, according to Freddie Mac.

The 15-year FRM offers borrowers a briefer term with less accrued interest, but the monthly payments will be much higher.

5/1 adjustable-rate mortgage

This morning’s 5/1 adjustable rate mortgage averaged 6.342%.

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. Homeowners with shorter term lending plans tend to see these as advantageous.

What experts are expecting

Ralph DiBugnara, president at Home Qualified

“I expect rates to stay in a relatively similar range as where they ended in March, likely hovering in the low-to-mid 6% range. Current global uncertainty and inflation data will keep volatility in play. Also any rate cuts at all by the Fed may be in jeopardy now so that will keep markets frozen some. Unless we get a clear cooling signal from the Fed, don’t expect a drop. The 30-year fixed should average around 6.25% with the 15 year fixed at 5.875%“

Any specific rate figures above reflect this expert’s personal opinion and forecast. They are illustrative only, are not an offer or commitment to lend, and are not an advertised rate. Your actual rate and APR depend on your credit, loan amount, down payment, property and other factors, and will vary by lender.

Market data affecting today’s mortgage rates

Here’s a snapshot of the state of play as this article was published. The data mostly compares to roughly the same time the business day before, so much of the movement will often have happened in the previous session.

• The yield on 10-year Treasury notes increased to 4.666% from 4.639% (Bad for mortgage rates). Mortgage rates often follow these Treasury bond yields.
• Major stock indexes rose this morning. (Bad 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 $79.5 from $77.11 a barrel. (Bad for mortgage rates.*)
• Gold prices increased to $4,388.8 from $4,376.10 an ounce. (Good for mortgage rates.*)
• CNN Business Fear & Greed Index increased to 63.7 from 59.6 out of 100. (Bad for mortgage rates.) “Greed” suggests investors are seeking safety, supporting bond prices.

*A movement of less than $20 on gold prices or 40 cents on oil prices is a change of 1% or less. So we only count meaningful differences as good or bad for mortgage rates.

Caveats about markets and rates

Before the pandemic, post-pandemic upheavals, and war in Ukraine, you could look at the above figures and make a pretty good guess about what would happen to mortgage rates that day. But that’s no longer the case. We still make daily calls. And are usually right. But our record for accuracy won’t achieve its former high levels until things settle down.

So, use markets only as a rough guide. Because they have to be exceptionally strong or weak for us to rely on them. But, with that caveat, mortgage rates today might nudge upward or barely budge. However, 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

This week starts with mortgage borrowers in a slightly better spot than they were last week, but the bond market is already flashing some resistance. The 10-year Treasury yield, a key benchmark for mortgage pricing, rose to 4.666% Monday, up 0.027 percentage points from 4.639%, according to CNBC. Oil also moved higher, with WTI crude up $2.39 to $79.5 a barrel. Stocks were firmer — the Dow gained 0.28%, the S&P 500 rose 0.62% and the Nasdaq climbed 1.30% — while CNN’s Fear & Greed Index jumped to 63.7 from 59.6, back in “greed” territory. That mix points to less demand for safe-haven bonds, which can make it harder for mortgage rates to keep falling even after recent relief. Freddie Mac’s latest 30-year fixed-rate average was 6.69%.

Monday is light on data, but markets do get comments from Cleveland Fed President Beth Hammack at 3:00 p.m. ET. With fresh attention on the Fed’s direction — and headlines focused on “How Kevin Warsh is rewiring the Fed” and the central bank holding steady in July while offering few clues about what comes next — any remarks on inflation, growth or rate cuts could move Treasurys late in the day.

Tuesday picks up with the NFIB Small Business Optimism Index at 6:00 a.m. ET, then Existing Home Sales at 10:00 a.m. ET. The NFIB report gives an early read on hiring, wages and pricing pressure at smaller firms, all of which feed into inflation expectations. Existing Home Sales matters more directly for housing. It won’t move mortgage rates as much as inflation data, but a surprise in contract activity or inventory can shape the market’s read on how much damage high borrowing costs are still doing.

Wednesday is the main event. The Mortgage Bankers Association releases mortgage applications at 7:00 a.m. ET, followed by the Consumer Price Index at 8:30 a.m. ET and the EIA Petroleum Status Report at 10:30 a.m. ET. MBA data will show whether borrowers responded to lower recent rates, especially on the refinance side. CPI is the week’s biggest report for mortgage markets. A softer-than-expected inflation reading would likely help bonds and could open the door to more rate improvement. A hot reading would do the opposite, especially with Treasury yields already pushing higher. The petroleum report matters because another jump in energy prices can feed inflation worries, and oil is already moving up. Gold also rose Monday, up $12.7 to $4,388.8 an ounce, another sign investors are still watching inflation and policy risk closely.

Recent trends

Freddie Mac’s August 10 report put the weekly 30-year fixed mortgage rate average at 6.69%. Freddie’s data serves as a market barometer and trend tracker, but individual rates vary by lender and depend on personal financial profiles.

Expert forecasts for mortgage rates

Looking further ahead, Fannie Mae and the Mortgage Bankers Association (MBA) each has a team of economists dedicated to monitoring and forecasting what will happen to the economy, the housing sector and mortgage rates.

Here are their quarterly rate forecasts for the next year.

The numbers in the table below are for 30-year, fixed-rate mortgages. Fannie updated its forecast on March 10 and the MBA updated theirs on March 23.

Of course, given so many unknowables, these forecasts might be even more speculative than usual. And their past record for accuracy — due to the volatile nature of interest rates — hasn’t been wildly impressive.

Mortgage rate methodology

The Mortgage Reports receives rates based on selected criteria from multiple lending partners each day. 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 receive current mortgage rates each 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.