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Economic News

Friday, October 9, 2026

Static Quote FNMA 30-year 6.50% MBS 100.56 -22 bps

Next week brings a full calendar of reports that could influence the next move in rates.

The biggest focus will be September CPI and PPI, which measure inflation at the consumer and wholesale levels. These reports are key because inflation remains the Fed’s biggest concern.

We will also get September Retail Sales, which will show whether consumers are still spending despite higher borrowing costs. Strong spending could keep pressure on rates, while softer spending could help bonds.

The October Philly Fed and Empire Index will give an early read on manufacturing activity, while September Existing Home Sales will provide an important update on the housing market.

Weekly Jobless Claims will also be watched closely, as the labor market remains a major factor in Fed policy.

Finally, the Fed’s quiet period for the October 27–28 FOMC meeting begins Saturday, October 17. Once that starts, Fed officials will stop giving public policy comments, meaning the data will do the talking.

Fed Fund futures are showing a 20.70% chance of 0.25% raise at October 28th meeting.


Economic Calendar

A busy week of economic data could influence market expectations and mortgage pricing.

October 12–16, 2026

Tuesday: Existing Home Sales
Wednesday: September CPI inflation report + Federal Reserve Beige Book
Thursday: PPI, Retail Sales, Jobless Claims & Philadelphia Fed Manufacturing
Friday: Import/Export Prices + Industrial Production & Capacity Utilization

What does it mean for mortgages?
Don’t try to predict mortgage rates from one report. Inflation, employment, economic growth, Treasury markets and expectations for Federal Reserve policy all play a role.

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With over 38 years of experience in mortgage lending, Michael A. Harris is the President & CEO of United Mortgage Corporation of America. He has helped countless individuals save money, eliminate mortgage debt faster, and achieve financial independence. As a Senior Director and Certified Field Trainer at United Financial Freedom, Michael is dedicated to guiding families toward a debt-free life.

Take Charge of Your Financial Future

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Fox Sport Ventura 1590 AM & 97.9 FM KVTA FM
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Saturday Oct 10, 2026 at 9:00 am

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