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Mortgage Rates Sꦆurged Along With Bond Yie༺lds Last Week

The market chaos triggered by President Trump's moving-target tariff announcements has not spared mortgage rates. Though initially a stock market sell-off prompted a drop in 10-year Treasury yields, which in turn pushed mortgage rates lower, that trend has now reversed. The 10-year Treasury yield soared last week, which 澳洲幸运5官方开奖结果体彩网:has confounded many experts. But what's not suಌrprising is that the surge in bond yields has pushed mortgage rates up dramatically.

The latesꦑt one-week change for each new purchase loan average is shown below, followed by a deeper dive into 30-year, 15-year, and jumbo 30-year fixed-rate loans.

30-Year Mortgage Rates See Worst Week Since ཧ2022

Rates on 30-year new purchase loans shot up a remarkable 44 basis points last week, rising to a 7.14% average. It's the biggest Friday-to-Friday gain for the flagship average since June 2022, and raises it to its most expensive level in almost 11 months.

Things 𓄧were better in September, when the 30-year a♊verage plunged to a two-year low of 5.89% (the cheapest Friday average being 6.03%). So far this year, the lowest weekly reading has been 6.55%.

15-Year Mor💟tgage Rates ꧂Surge a Half Percentage Point

Rates on 15-year new purchase loans also shot up last week, gaining a dramatic 54 basis points to end last week at a 6.31% average. That's now above the 2025 peak of 6.22%, and more than a full percentage point above the two-year low of 4.97% registered in September.

Jumbo 30-Year Rates Shoot Up

Rates on jumbo 30-year new purchase loans climbed 44 basis points over past week, landing Friday at a 7.15% average. That's almost a quarter percentage point above the 2025 high of 6.95%. In contrast, September rates on new 30-year jumbo loans sank as far as 6.24%, with the lowest weekly average registering at 6.39%.

Here's How Much Monthly Payments Are Now

To see how much this week's rate increases would impact monthly payments for new borrowers, our tables below lay out the 澳洲幸运5官方开奖结果体彩网:principal-plus-interest payment for variou🍰s loan amounts with a 30-year, 15-year, or jumbo 30-year fixed-rate new purchase mortgage.

By definition, jumbo 30-year mortgages are larger loans. So below we've run our calculations on loan amounts of $800,000 to $1.2 million.

How We Track Mortgage Rates

The national and state averages cited above are provided as is via the Zillow Mortgage API, assuming a 澳洲幸运5官方开奖结果体彩网:loan-to-value (LTV) ratio of 80% (i.e., a down payment🃏 of at least 20%) and an applicant credit score in the 680–739 range. The resulting rates represent what borrowers should expect when receiving quotes from lenders based on their qualifications, which may vary from advertised teaser rates. © Zillow, Inc., 2025. Use is subject to the Zillow Terms of Use.