DATE: Wednesday, November 4th, 2026

TIME:  1:30 PM PST

STATES:  OREGON, WASHINGTON & IDAHO

CHANGE THIS WEEK: IMPROVEMENT

SUGGESTION:  LOCK OR CAUTIOUSLY FLOAT

Mortgage rates have slowly declined for the third straight week and are down about 0.25% since last Wednesday on the conventional 30-Year Fixed.  After the midterm elections and last night’s blue wave, we’ve seen a rally in bonds and stocks.  This reflects the assumption that the Iran war will come to a close and that energy/oil prices will fall, followed by a drop in inflation.  Analysts and economists note that while removing election gridlock/uncertainty is providing a temporary tailwind for bond prices and keeping downward pressure on rates, a sustained drop depends heavily on upcoming inflation data, Federal Reserve policy decisions, and broader economic growth rather than the election result alone.

As a reminder, reach out to your VMB Broker and make sure to share and compare! Never settle or let anyone else you know settle on one lender if they are approved elsewhere.  Get a quick second opinion (or share our information with others) comparing the VMB network of wholesale lenders as without competition rates, payments, down payment, and fees are substantially higher. 

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 subject to change)

*Rates are subject to change. Conforming conventional interest rate samples based on a $550,000 purchase price, $412,500 loan amount, 25% down, 760 FICO score, with impounds on a 30-day rate lock period. The affordable programs under Freddie Mac Home Possible and Fannie Mae HomeReady assume a total household income below 80% of the median household income for the area and a FICO score of 760. Samples are based on a $500,000 purchase price with a 5% down payment. Payment estimates include P&I but do not include PMI if applicable, property taxes, or insurance. Super Jumbo rates are based on a 780 FICO Score, a $4,000,000 purchase price, a 25% down payment, and a $3,000,000 loan amount. FHA is based on a $550,000 purchase price, a $530,750 base loan amount, and a 3.5% down payment, with a 740 FICO score, among other similar variables. VA rates are based on a 780 FICO Score, a $550,000 purchase price with $0 down, and a $550,000 base loan amount with a total loan amount of $561,825, assuming no exemption from the VA funding fee. 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 can only be locked through a VMB home loan consultant and will take effect after a formal loan application is submitted. Rates will depend in part on your unique credit history and transaction characteristics. Monthly payments include principal and interest but do not include PMI if applicable, taxes, or 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.