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Tuesday, November 10, 2026 · Source: Optimal Blue OBMMI™
A notable shift happened in the mortgage market on Tuesday: jumbo loans fell back below conforming rates for the first time in weeks. After surging above conforming in late October and holding there through early November, jumbo dropped 15 basis points to 7.09% — now sitting 4 basis points below the 30-year conforming rate of 7.05%.
For buyers financing above the $806,500 conforming loan limit, this is a meaningful window. When jumbo trades below conforming, high-balance borrowers get a rare pricing advantage that doesn’t last long.
Today’s Mortgage Rates — November 10, 2026
- 30-Year Fixed Conforming: 7.05% ▼0.04
- 30-Year Fixed Jumbo: 7.09% ▼0.16
- 30-Year FHA: 6.87% ▼0.02
- 30-Year VA: 6.64% ▼0.03
- 30-Year USDA: 6.84% ▲0.01
- 15-Year Fixed: 6.54% ▲0.14
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.
Jumbo Flips Back Below Conforming
The jumbo-conforming relationship has been one of the most closely watched dynamics in the mortgage market this fall. Through most of October, jumbo loans were priced at a discount to conforming — a signal that large banks were competing aggressively for high-balance borrowers. Then came the spike: jumbo surged above conforming in late October and held there for nearly two weeks.
Tuesday’s 16-basis-point drop changes that picture. Jumbo is once again below conforming, and buyers financing high-balance purchases should take notice. These windows tend to be short-lived — lenders can reprice jumbo quickly when demand picks up.
Conforming Continues Its Slow Drift Lower
The 30-year conforming rate has now fallen from a recent high of 7.30% in late October to 7.05% today — a 25-basis-point improvement in just two weeks. That translates to roughly $85 less per month on a $500,000 loan compared to the peak.
FHA and VA loans also eased, with VA now at 6.64% — continuing to offer the most competitive pricing for eligible borrowers. FHA at 6.87% keeps low-down-payment buying well within reach for first-time buyers.
15-Year Fixed Ticks Up
The one exception to today’s broadly positive picture was the 15-year fixed, which rose 14 basis points to 6.54%. This kind of divergence between the 15-year and 30-year isn’t unusual — the two are driven by different parts of the bond market and don’t always move in lockstep. Buyers considering the 15-year should factor this into their timing.
What to Watch
With conforming rates drifting lower and jumbo back in favorable territory, the next few days could be an important window for buyers who’ve been on the sidelines. Rate volatility remains elevated, and today’s improvement could reverse quickly. If you’re shopping, getting pre-approved and understanding your lock options is worth doing now rather than later.
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™.