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- Mortgage Rates 📢 March 9th, 2026
Mortgage Rates 📢 March 9th, 2026
Mortgage Rates JUMP (to conclusions) ⬆️↔️ but are now starting to even out. Read what is calming the market.
Glenn Groves
March 09, 2026
INTEREST RATES
10 Year T-Note 180-day snapshot
Product | Rate / APR | Weekly Change |
|---|---|---|
⬆️ Conv. | 6.125% / 6.177% | +.125% |
↔️ Conv. HB | 6.499% / 6.560% | +.000% |
↔️ JUMBO | 6.125% / 6.180% | +.000% |
↔️ FHA 3.5% DP | 5.500% / 6.472% | -.000% |
⬆️ VA 0% DP | 5.625% / 5.869% | +.125% |
Rate data as of morning of publication. Unless noted otherwise, all scenarios are assuming 30 Year-Fixed mortgage, Purchase or R/T Refinance. No origination points charged, 780 FICO score, and 20% down payment. Provided for consumer education only and does not serve as a binding offer to extend lending. Payment period, interest rate, APR, and other terms subject to income, asset, and credit profile qualification. Provided courtesy of GTG Financial, Inc. NMLS 1595076. Equal housing opportunity. www.nmlsconsumeraccess.org
⏱️ Rates in 60 Seconds
Last week we talked about geopolitical risk pushing rates higher, and we saw another quick spike again this week. The main driver was oil prices jumping toward $120/barrel after tensions escalated in Iran and shipping concerns around the Strait of Hormuz.
Why does that matter for mortgages?
⛽ Higher oil = higher inflation expectations
📉 Inflation fears push bond prices lower
📈 When bonds drop, mortgage rates rise
That initial shock sent stocks and mortgage bonds lower, which is why rates briefly jumped again.
The good news: the market appears to be stabilizing a bit.
Two things helped calm investors:
🛢️ Talk of coordinated oil reserve releases from the G7
📉 Oil pulling back from peak levels toward ~$100/barrel
When inflation fears cool even slightly, bond markets tend to recover, which is why we’ve seen rates stop climbing for now.
Live look at how the market is treating any new headline…
👀 What Realtors Should Watch This Week
Several big economic reports could move rates quickly:
📊 Tuesday: ADP Employment + Existing Home Sales
📉 Wednesday: CPI (Inflation) + Mortgage Applications
🏗️ Thursday: Housing Starts + Jobless Claims
💰 Friday: PCE Inflation + GDP + JOLTS
👉 Inflation data (CPI and PCE) will be the biggest drivers. If inflation surprises lower, we could see rates push back toward the sub-6% range again. If inflation runs hot, rates could move higher.
Realtor Insight:
The market is extremely headline-driven right now. Lock opportunities may appear quickly and disappear just as fast, so buyers who are prepped and ready can take advantage when brief rate dips show up.
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