Today is genuinely quiet on the mortgage news front. There is no economic print, no agency directive and no lender move to react to. The only fresh federal items are routine Federal Register notices queued for Tuesday, and the mortgage-related one from HUD is a periodic update to the interest rates paid on FHA debentures, which does not touch borrower pricing. So today is for setting up the week, not reacting to it.
The rate picture is unchanged from Saturday. Bankrate's 30-year reads 7.55% for a third straight morning, the top of its 90-day range (6.59% to 7.55%) and 65 basis points above where it sat 30 days ago at 6.90%. The 10-year closed Friday at 5.24% on Treasury's curve, 2 basis points above Thursday. Freddie Mac's weekly survey has now risen seven weeks in a row, to 7.40% on October 8. On a $400,000 loan, principal and interest at 7.55% runs about $2,811 a month, roughly $177 more than at 6.90% a month ago.
Monday is Columbus Day and the bond market is closed, so the first trading read of the week comes Tuesday. September CPI follows on Wednesday, October 14; August's index rose 0.4% from July. Jobless claims and Freddie Mac's weekly survey are due Thursday, October 15, and housing starts and permits land in the October 16 to 18 window. The next FOMC meeting is October 27 to 28, and it does not carry a dot plot. With the 30-year already sitting at the top of its range, CPI is the next catalyst in either direction, and that is the lock-or-float conversation for every file closing in the next 30 days.
Things you may have missed this week: Fannie Mae's third-quarter Home Price Index shows home prices up 3.4% from a year earlier and 0.9% over the quarter on a seasonally adjusted basis, which is useful equity context for any past-client check-in. HUD released its Next Generation Manufactured Housing Action Plan on October 7, a roadmap for factory-built homes without a permanent chassis now that the ROAD to Housing Act removed that requirement; the resources it promises cover appraisal, lending and insurance, but it sets no FHA program change or date yet. And Oklahoma's Department of Consumer Credit is discounting its 2027 state-specific renewal fees by 28.28%, ahead of NMLS renewal opening November 1. The 72-hour recap: Michigan's consumer sentiment slipped to 46.3 from 48.1 as inflation expectations rose, FHA set January 1, 2027 for VantageScore 4.0 and FICO 10T under Mortgagee Letter 2026-11, and Fed Governor Waller said more rate hikes are likely.
list every unlocked file closing in the next 30 days and book a lock-or-float call with each borrower for Tuesday, before Wednesday morning's CPI.