Weekly Market Update 11/11/2026

ATE: Wednesday, Nov 11th, 2026​

TIME: 10:30 AM PST​

STATES: OREGON, WASHINGTON & IDAHO​

CHANGE THIS WEEK: WORSE (since last Wednesday with daily volatility)​

SUGGESTION: LOCK OR CAUTIOUSLY FLOAT

Mortgage rates jump after weeks of declines

Mortgage rates had been easing for several weeks. On Tuesday, a hotter-than-expected inflation report brought that streak to an abrupt end.

Consumer prices rose 0.4% in October, above the 0.3% economists expected. That was still a slowdown from September’s 0.6% increase. Core inflation, which strips out food and energy, also came in higher than expected at 0.3% for the month.

So why did rates rise if inflation slowed? Markets had already been expecting a slowdown. When inflation came in stronger than forecast, Treasury yields jumped and mortgage bond prices fell, pushing mortgage rates higher.

With the bond market closed for Veterans Day, I’ll be watching Thursday’s trading to see whether rates give back some of Tuesday’s jump. The next few trading days should give us a clearer picture of how much of that move sticks.

To all who have served and those serving today, thank you for your service and sacrifice. I’m grateful to you and your families, today and every day.

Interest Rate Pricing Options*

(rates subject to change)

MONTHLY PAYMENTS: This reflects Principal and Interest (P&I) on Conventional and also including PMI on FHA. Taxes and insurance not included, but need to be factored in housing payments and budget as these can vary by property. A VMG Mortgage Broker can run an analysis anytime by request.

*Rates are subject to change. Conforming conventional interest rate samples based on a $550,000 purchase price, $412,500 loan amount, 25% down, 740 FICO score, with impounds on a 30-day rate lock period and $1150 underwriting fee if not covered by lender rebates. FHA is based on a $550,000 purchase price, $530,750 base loan amount and a 3.5% down payment, but other same variables. This pricing engine reflects the most favorable results after comparing our network of wholesale lending partners. This pricing engine does not include any other applicable 3rd party title and escrow charges, appraisal, credit report, or prepaid tax and insurance reserves. The displayed annual percentage rates (APRs) include total points and additional prepaid finance charges but do not include other closing costs. Loan pricing may only be locked through a VMB home loan consultant to be effective after a formal loan application. Rates will depend in part ​on your unique credit history and transaction characteristics. Monthly payments include principal, interest, and PMI if applicable, but do not taxes and insurance. This is not a formal Loan Estimate (LE). A Loan Estimate is provided and can be requested pursuant to Federal regulations and with a formal loan application. This information does not constitute a loan commitment or approval.