Mortgage rates rise as inflation tests the path ahead
We enter the October 13 week with borrowing costs still restrictive and the next inflation test immediately ahead. Freddie Mac's 30-year mortgage average rose to 7.40%, while the 10-year Treasury yield ended Friday at 5.24%. September payroll growth slowed to 29,000, but Federal Reserve minutes showed most participants still expected another rate increase could be appropriate by year-end. In the Dominican Republic, remittance inflows remained a constructive support for household demand.
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10-year Treasury yield ends the week at 5.24%
The U.S. Treasury's daily par yield curve placed the 10-year yield at 5.24% on October 9, down from 5.31% on October 5 but still above 5%. The 2-year yield was 4.80% and the 30-year yield was 5.60%.
Freddie Mac's Primary Mortgage Market Survey showed the 30-year fixed-rate mortgage averaging 7.40% as of October 8, up from 7.28% one week earlier. The 15-year average rose to 6.73% from 6.60%.
Fed minutes keep another 2026 rate increase in view
Minutes from the September 15–16 FOMC meeting showed that all participants supported the quarter-point increase to a 3.75%–4.00% target range. Most participants assessed that another increase would likely be appropriate by year-end, while emphasizing that future decisions would depend on incoming data.
U.S. nonfarm payroll employment changed little in September, rising by 29,000, while the unemployment rate held at 4.2%. July and August payroll gains were revised down by a combined 60,000.
The Central Bank of the Dominican Republic reported US$9.49 billion in remittances from January through September, up 6.5% from the same period of 2025. September inflows reached US$1.06 billion, also 6.6% higher than a year earlier.
September CPI and producer prices lead the data calendar
The Bureau of Labor Statistics is scheduled to publish September consumer prices and real earnings on Wednesday, October 14, followed by September producer prices on Thursday and import and export prices on Friday. No outcome is assumed.
The U.S. Census Bureau is scheduled to release advance September retail and food-services sales at 8:30 a.m. ET on October 15. The report will provide the week's clearest official read on consumer demand; no result is assumed.