Reach rate-shoppers every day.
Monday, November 9, 2026 · Source: Optimal Blue OBMMI™
Mortgage rates were virtually unchanged on Monday, with most loan types moving less than a basis point. After weeks of sharp jumps and sudden drops — particularly in jumbo loans — the market appears to be catching its breath and finding a floor.
The 30-year conforming rate slipped just 0.002% to 7.09%, while jumbo eased slightly to 7.25%. FHA held flat at 6.89%. For buyers who’ve been watching rates whipsaw, today’s calm is a welcome signal.
Today’s Mortgage Rates — November 9, 2026
- 30-Year Fixed Conforming: 7.09% ▼0.00
- 30-Year Fixed Jumbo: 7.25% ▼0.01
- 30-Year FHA: 6.89% — no change
- 30-Year VA: 6.67% ▼0.04
- 30-Year USDA: 6.82% ▼0.04
- 15-Year Fixed: 6.40% ▼0.01
All data sourced from the Optimal Blue Mortgage Market Indices (OBMMI™), which tracks real locked-loan pricing across thousands of daily transactions — not survey estimates.
Stability After a Wild October
October was one of the more volatile months for mortgage rates in recent memory. Jumbo loans swung more than 40 basis points in a matter of weeks — first surging above conforming, then pulling back sharply. Conforming rates moved up and down in tight but meaningful ranges, leaving many buyers unsure whether to lock or wait.
Monday’s flat reading suggests that volatility may be fading. When rates stop moving, it’s often because the market has absorbed the news it was reacting to and is waiting for the next catalyst — whether that’s a Fed meeting, jobs data, or a shift in inflation expectations.
VA and USDA Lead Today’s Modest Declines
The best movers today were VA and USDA loans, each dropping 4 basis points. VA loans are now at 6.67% — the lowest rate on the board by a wide margin and a significant advantage for eligible veterans and active service members. On a $500,000 loan, VA’s rate advantage over conforming translates to roughly $140 less per month.
USDA loans fell to 6.82%, keeping zero-down homeownership in eligible areas well within reach. With conforming at 7.09%, the USDA discount is nearly 30 basis points — meaningful savings for buyers who qualify.
What to Watch This Week
With rates stabilizing near current levels, this week’s economic data could be the next catalyst. Any surprise in inflation or employment numbers could send rates moving again in either direction. Buyers who’ve been waiting for the right moment to lock may want to watch closely — a stable market can shift fast.
If you’re in the market, today’s rates represent a reasonable entry point relative to where things stood just a few weeks ago. The 15-year fixed at 6.40% remains especially attractive for buyers focused on long-term savings.
Rates are averages of locked loans and are not an offer to lend. Individual rates vary by credit, loan-to-value and lender. TodaysMortgage.us is not a lender. Data: Optimal Blue OBMMI™.