Mortgage Rates Today, Oct 27: Rates Hold Ahead of Fed
Mortgage rates held steady Tuesday for a second straight day as bonds traded sideways and investors waited on Wednesday's Federal Reserve announcement.
FRANKLIN, Tenn., Oct. 27, 2026 — In today's Iron Hill Brief Daily Mortgage Market Update for Tuesday, October 27, 2026, mortgage rates held steady for a second straight day as the bond market traded sideways ahead of Wednesday's Federal Reserve announcement.
Matthew Graham of Mortgage News Daily wrote that the average lender set Tuesday morning's rates right in line with Monday's latest levels, with very few changes during the day, and the changes that did happen were modest improvements. That calm reflected the bond market, which stayed close to Monday's levels all day. Graham called it "the sort of stability that seemed like a distant memory several weeks ago."
Data and Tech Stocks Leave Bonds Unmoved
Tuesday's economic reports did little to shift the picture. Government data showed durable goods orders rose 1.8% in September, a bit above the 1.5% forecast, while core orders rose 0.5%, below the 0.7% forecast. Home price readings for August also came in. The S&P CoreLogic Case-Shiller 20-city index was up 2.7% from a year earlier, and the FHFA house price index rose 0.3% for the month. Graham noted that a continued pullback in AI cloud-computing stocks after last week's surge could have pushed rates a little higher, but bonds held their ground.
Fed Decision Arrives Wednesday
Markets have almost fully priced in a pause from the Fed, so the decision itself is not expected to move rates much. Graham pointed out that Fed days can still bring volatility, and that it usually comes from the wording of the policy statement or from Fed Chair Warsh's comments at the 2:30 p.m. Eastern press conference, not from the rate decision.
For homeowners weighing whether a lower rate would pay off, the refinance break-even calculator estimates how long it would take to recover closing costs. After two quiet sessions, Wednesday afternoon is the next real test for mortgage rates.
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