Where are rates right now?
~6.33%
The RatesForecast Daily Mortgage Index is a model-based daily mortgage-rate signal anchored to Freddie Mac PMMS, shifted to account for PMMS reporting delay, and updated with daily 10Y Treasury movement.
Today's mortgage rate signal
Daily update RatesForecast.com Daily Mortgage Index 6.33%
Today's Trend Improving
RFDMI Latest Chart As of 2026-04-10 · recent 30 calendar days · volatility Normal
Trend: Improving Outlook: Slight downward pressure
The daily index has been drifting lower than its medium-term average, which usually indicates gradually improving mortgage conditions. Momentum still leans modestly borrower-friendly, but this is a directional bias rather than a hard forecast.
Near-term outlook Slight downward pressure
Near-term move -0.03 pts over 5 bars
1M frame Improving
1M move +0.12 pts over ~1 month
Are mortgage rates about to drop — or is this a fake move?
We don’t just show rates. We tell you whether this is a real opportunity window — and what to do next.
See the RatesForecast Daily Mortgage Index trend and whether near-term pressure looks slightly better, worse, or unclear.
Current signal
The daily index has been drifting lower than its medium-term average, which usually indicates gradually improving mortgage conditions. Momentum still leans modestly borrower-friendly, but this is a directional bias rather than a hard forecast.
No signup required for daily signal Not lender-sponsored Decision-focused, not sales-focused
What is happening?
Improving
Improving conditions based mainly on the last 5 and 10 daily bars, with volatility used as a secondary check.
What should you do?
Slight downward pressure
Slight downward pressure is the current public-safe near-term outlook. Use it as timing context, not as an exact rate forecast.
Answer the only questions that matter
Is it a good time to refinance?
We translate rate movement into a clear yes, no, or not yet — based on direction, not headlines.
Is a better window forming?
We identify whether conditions are improving, stalling, or reversing — so you don’t guess.
When should I act?
Set your threshold and we’ll tell you when conditions justify action.
How to evaluate mortgage timing
Establish baseline
Use the real competitive range — not advertised teaser rates.
Assess direction
Momentum matters more than absolute level.
Trigger action
Act only when your predefined conditions are met.
Choose your situation
Refinance
Should I refinance now or wait?
This is a setup phase — not a confirmed opportunity. Prepare now so you can move fast later.
Track refinance signalBuying
Is this a good entry point?
If your timeline is short, readiness matters more than timing perfection.
Monitor rate directionEquity
When does the window open?
Track threshold-based signals instead of guessing market timing.
Set target rateWhat today’s move means for borrowers
Recent direction
The recent move has been slightly lower, so the market is feeling a little friendlier for borrowers.
This is the part that matters if you are trying to time the next few days.
Broader trend
The broader move has been noticeably higher, so the market is feeling less friendly for borrowers.
This matters more if you are planning over the next few weeks.
What it says
The short-term move is improving, but the broader trend has not fully turned yet.
The short-term move and the longer trend do not always line up on the same day.
What to do next
Use alerts and wait for a clearer signal before making a timing decision.
Treat this as timing context, not a promise.
Let the system watch the market for you
Instead of checking rates daily, define your threshold and let us notify you when conditions justify action.
- Alert me when rates drop below my target
- Notify me when trend direction shifts
- Get clear “act / wait / prepare” signals