Veterans Day 2026: Mortgage Rates Hold at 7.30%

Lending

Is the bond market open on Veterans Day 2026?

No. SIFMA recommended a full close on Wednesday, November 11, 2026, for U.S. dollar fixed-income trading, including Treasuries and mortgage-backed securities. That is a recommendation, not a mandate; each firm decides whether its desk stays open. The Federal Reserve’s K.8 table and OPM’s 2026 holiday schedule also list November 11 as Veterans Day.

SIFMA’s October 28, 2026 release covers Treasuries and mortgage-backed securities among other U.S. dollar fixed-income products. It is a recommendation each member firm applies for itself. K.8, last updated July 8, 2026, lists Veterans Day on November 11, 2026. OPM’s 2026 schedule lists the same Wednesday.

Tuesday’s Treasury constant-maturity close is the leftover commercial residual: 2-year 4.73%, 3-year 4.74%, 5-year 4.81%, 7-year 4.89%, 10-year 4.98%, 20-year 5.39%, and 30-year 5.35%. November 9’s 30-year closed at 5.26%. There is no November 11 close. The October 28 FOMC statement still maintains the federal funds target range at 3-3/4 to 4 percent. A recommended close does not rewrite that leftover range.

Wednesday morning does not invent a Veterans Day Treasury close. The lending desk still prices Tuesday’s printed curve.

Lending

Are mortgage rates moving on Veterans Day 2026?

There is no new official Mortgage News Daily daily and no new Treasury close to cite this morning. The leftover daily is Tuesday, November 10: 30-year 7.30%, 15-year 6.92%, jumbo 7.40%, FHA 6.89%, VA 6.90%, and the 7/6 SOFR ARM 6.80%. Those are survey averages, not a personal APR. MND’s Wednesday trend line is not a November 11 coupon.

Tuesday’s history cells: the 30-year is 7.30%, change +0.12% from Monday’s 7.18%, prior year 6.34%, year-over-year +0.96%. The 15-year is 6.92%, change +0.09%. Jumbo is 7.40%, change +0.03%. FHA is 6.89%, change +0.07%. VA is 6.90%, change +0.07%. The 7/6 SOFR ARM is 6.80%, change +0.31%. The November 10 wrap, timed 2:27 p.m. Eastern and titled Mortgage Rate Sharply Higher After Inflation Data, says the average top-tier 30-year was 0.12% higher day over day at 7.30%. The index page’s Wednesday rate-trend block says MBS prices are significantly weaker so far today and does not name a Wednesday 30-year.

On a $400,000 30-year, principal and interest is about $2,742 a month at 7.30%, about $2,632 at the 6.89% FHA daily, about $2,634 at the 6.90% VA daily, about $2,608 at the 6.80% ARM initial survey rate if that starting rate is held for the full term, and about $2,770 at jumbo’s 7.40%. Freddie’s November 5 weekly 7.18% still shapes about $2,710. The payment calculator draws that shape. The refinance explainer still asks whether a payment change beats doing nothing after costs. The affordability explainer is a planning range, not an approval. FHA loans and VA loans carry those leftover dailies as survey averages. MBA’s November 4 applications survey for the week ending October 30 still prints a conforming 30-year contract rate of 7.30 percent with 0.75 points. That contract rate is a different survey from Tuesday’s 7.30% daily.

Tuesday’s 7.30% daily does not revise September new-home sales of 676,000 or existing-home sales of 3.99 million. Those leftovers stay dated. Tuesday’s combined daily and Monday’s combined daily remain the prior letters. Local ACS vacancy stays on the local section.

Lending

When is the next Freddie Mac rate survey?

Thursday, November 12, 2026, at 12 p.m. ET. The latest PMMS is still November 5: 7.18% on the 30-year and 6.57% on the 15-year, for applications from October 29 through November 4. That weekly 7.18% is a different survey from Tuesday’s 7.30% daily and does not include it.

Freddie Mac publishes PMMS weekly on Thursdays at 12 p.m. ET. When a U.S. holiday falls on Thursday, it publishes Wednesday. Thursday, November 12, 2026 is not a holiday, so the next print is Thursday at noon. A year earlier the same weekly averaged 6.22% on the 30-year and 5.50% on the 15-year. Tuesday’s 7.30% daily is not this week’s PMMS.

Wait for Thursday’s noon release. Do not treat Tuesday’s daily as the weekly.

Lending

What VA loan benefits still apply for veterans in 2026?

Eligible veterans, service members, and qualifying surviving spouses can still use a VA-backed purchase loan, often with $0 down and no monthly PMI, subject to entitlement, lender approval, occupancy, and the appraisal. The one-time funding fee is 2.15% of the loan amount on a first-use purchase with less than 5% down, and 3.3% after first use, per VA’s chart effective April 7, 2023. Borrowers receiving VA disability compensation, and the other groups VA lists, pay no funding fee. Tuesday’s 6.90% VA daily is a survey average, not a personal VA rate.

$0 down with full entitlement is not zero cash to close. Earnest money, inspections, prepaids, and any costs a seller will not cover still apply. VA says that with full entitlement there is not a VA loan limit so long as the borrower can afford the loan and the appraisal supports the price; the lender still has to approve the file. The maximum loan on a property is the lower of appraised value or purchase price. With partial entitlement, remaining bonus entitlement is calculated from the FHFA one-unit county conforming limit, and a down payment may be required if remaining entitlement plus cash does not cover a 25% guaranty.

VA’s purchase and construction funding-fee chart, as a percentage of the loan amount and effective April 7, 2023, is 2.15% on first use with less than 5% down, 1.5% with 5% or more down, and 1.25% with 10% or more down. After first use it is 3.3% with less than 5% down, 1.5% with 5% or more, and 1.25% with 10% or more. Cash-out refinance is 2.15% on first use and 3.3% after first use. An Interest Rate Reduction Refinance Loan is 0.50%. The fee may be financed or paid in cash at closing. VA does not charge monthly PMI. Those figures are from VA’s funding-fee page, last updated October 5, 2026: https://www.va.gov/housing-assistance/home-loans/funding-fee-and-closing-costs/.

A borrower does not pay the funding fee if any of these is true: receiving VA compensation for a service-connected disability; eligible for that compensation but receiving retirement or active-duty pay instead; a surviving spouse receiving Dependency and Indemnity Compensation; a service member who has received a proposed or memorandum rating before the loan closing date on a pre-discharge claim; or an active-duty member who, on or before closing, provides evidence of a Purple Heart. That is not every veteran, and it is not every disabled veteran. A later disability award can qualify for a refund only if the effective date is retroactive to before closing. Confirm the exemption on the Certificate of Eligibility or with documentation. VA loans remain the explainer for those rules.

The benefits still apply on a closed bond desk. The leftover VA daily is not a personal quote.

Property management

What did October CPI print, and does it change today’s rate?

BLS released USDL-26-1685 on Tuesday, November 10. CPI-U rose 0.4% in October, shelter rose 0.3%, and BLS did not publish most 12-month changes because October 2025 data were not collected. Do not invent a year-over-year CPI-U figure. That print helps explain Tuesday’s 0.12 increase to 7.30%. It does not create a November 11 mortgage survey.

Shelter accounted for over thirty percent of the monthly all-items increase. Owners’ equivalent rent rose 0.3%. Rent rose 0.2%. The index for all items less food and energy rose 0.3%. Energy rose 0.7%. Gasoline rose 1.0%. Used cars and trucks declined 1.2%. The not-seasonally-adjusted CPI-U increased to an index level of 337.511 and rose 0.2% prior to seasonal adjustment. The November CPI release is scheduled for Thursday, December 10, 2026, at 8:30 a.m. Eastern. Those are October shelter prints. They are not this building’s collected rent, and they are not occupancy. Local ACS vacancy stays on the local section.

October CPI is Tuesday’s print. It is not a Wednesday coupon. Survey averages from Mortgage News Daily and Freddie Mac are not a personal APR. This publication does not originate loans or take applications.