Branch Manager/Senior Loan Officer
McGowan Mortgages
License:
1478470

Stronger Start as Oil Continues Lower

Stronger Start as Oil Continues Lower

While the Fed may have requested a majority of the market's attention last week, oil prices were saying "ahem... over here." Now this morning, the post-Fed trade is even farther in the rearview and oil is offering even louder reminders with the price per barrel now under $93 after cresting $106 last Tuesday. There is no big-ticket econ data on tap all week, and especially not today or tomorrow. Multiple Fed officials are speaking, but we're not sure what they could say that would tell us any more than last week's announcement/dots/press conference. Bottom line: all eyes on oil and war headlines until further notice.

Latest Video Analysis

Did Japan Sell Treasuries Today?

MBS & Treasury Markets
UMBS 6.0
99.83
+0.15 
10YR TREASURY
4.960
-0.033 
9/21/2026 10:44AM EST
While the Fed may have requested a majority of the market's attention last week, oil prices were saying "ahem... over here." Now this morning, the post-Fed trade is even farther in the rearview and oil is offering even louder reminders with the price per barrel now under $93 after cresting $106 last Tuesday. There is no big-ticket econ data on tap all week, and especially not today or tomorrow. Multiple Fed officials are speaking, but we're not sure what they could say t...   READ MORE
Today's Mortgage Rates
30YR Fixed
7.20%
+0.01% 
15YR Fixed
6.83%
+0.02% 
9/18/2026
We'd be the first to remind you that mortgage rates are primarily determined by trading levels in the bond market--specifically those for mortgage-backed securities (MBS). That said, there are days where rates don't do exactly what MBS suggest. Today was one of them. According to the bond market, mortgage rates should have been much higher than they were yesterday. As it stands, the average lender was just barely higher.  The discrepancy comes down to the volatilit...   READ MORE
Economic Calendar
Time Event Period Actual Forecast Prior
Monday, Sep 21
6:30AM Fed Goolsbee Speech
8:00PM UN General Assembly (%)
Tuesday, Sep 22
8:15AM ADP Employment Change Weekly 16.25K
10:05AM Fed Williams Speech
10:20AM Fed Jefferson Speech
11:30AM 6-Week Bill Auction (%) 3.850%
1:00PM 2-Yr Note Auction (bl) 69
1:00PM Fed Barkin Speech
8:00PM UN General Assembly (%)
Branch Manager/Senior Loan Officer
McGowan Mortgages
License:
1478470