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MORTGAGESJon Peters · South Texas
Jon Peters · Market LeaderNMLS #1065067 · Primis Mortgage
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Your daily South Texas perspectiveEdition Oct 6, 2026
The Mortgage Brief

Know your payment.
Understand your options.

Estimate your monthly housing costs, see the cash you may need at closing, and understand what today’s market means for your next move.

Rockport · Corpus Christi · Victoria
Ask Jon a question
10-year Treasury · government bond5.31%+3 bp · Oct 5, 2026
Mortgage market directionhigherFreddie Mac · Oct 1, 2026
Corpus Christi metro$288,999Median sale price · Second quarter 2026
THE TAKEAWAYhigher mortgage trend

Start with the payment. Then make your move.

Mortgage rates moved higher in the latest weekly survey. Set a comfortable housing budget and compare the costs of the same home before making an offer.

Weekly survey • October 1, 2026
Freddie Mac source

Illustrative coastal-style home with a covered porch
THE HOME BEHIND THE HEADLINE

Make room for the whole payment.

Taxes, insurance, and cash to close belong in the conversation from the start.

READ THE SIGNAL

The 10-year, in perspective.

A bond benchmark · not a loan quote
THE BOND SIGNALDaily published data

10-year U.S. Treasury

5.31%
+3 basis pointsvs. previous published day
As of Oct 5, 2026 · Par yield

Each point is a published trading day. The vertical scale is fitted to the observations. A basis point is 0.01 percentage point. Hypothetical example: a move from 5.00% to 5.04% is 4 basis points.

U.S. Treasury · View source data
View the recorded yields
Date10-year par yield
Oct 5, 20265.31%
Oct 2, 20265.28%
Oct 1, 20265.24%
Sep 30, 20265.29%
Sep 29, 20265.26%
Sep 28, 20265.24%
Sep 25, 20265.17%
Sep 24, 20265.18%
Sep 23, 20265.11%
Sep 22, 20264.96%
Sep 21, 20264.96%
Sep 18, 20265.01%
Sep 17, 20264.94%
Sep 16, 20265.01%
Sep 15, 20265.00%
Sep 14, 20264.97%
Sep 11, 20264.96%
Sep 10, 20264.95%
Sep 9, 20264.83%
Sep 8, 20264.80%
Sep 4, 20264.78%
Sep 3, 20264.77%
Sep 2, 20264.79%
Sep 1, 20264.79%
START WITH THE BASICS

What is a bond?
And why watch this one?

A bond is a loan an investor makes to a borrower, such as a government or company. The borrower promises interest payments and repayment of the borrowed amount at a stated end date, called maturity.

01
What does “10-year Treasury” mean?

The U.S. government is the borrower. This debt is due in 10 years and pays interest every six months. Its formal name is a Treasury note; it belongs to the broader bond market.

02
What is the yield?

Yield is a measure of annual investment return based on the price and payment terms. Bonds can be bought and sold: when an existing bond’s price falls, its yield rises, and vice versa. “Par” means face value, the stated amount repaid at maturity. This chart shows Treasury’s estimated 10-year yield at par, derived from market prices. It is a benchmark, not a promised investment return.

03
Why does a homebuyer care?

Mortgage-backed investments receive payments from pools of home loans. Investors compare them with government debt. Treasury yields help signal borrowing conditions, so mortgage rates often move in a similar direction. Mortgage pricing also depends on those investments, the loan, and lender costs; there is no fixed spread to add to get your rate.

04
What should you do with the number?

Use it for context, then ask for a current lender quote with the full payment, upfront costs, and lock terms. The yield is not a Primis mortgage interest rate or annual percentage rate.

Investor.gov: what a bond isTreasuryDirect: how Treasury notes workFreddie Mac: the mortgage-market relationship
WHAT CHANGED / WHAT TO DO

Three things worth knowing.

Sources checked Oct 6, 2026
Rates01

Refresh your payment before the next offer.

Freddie Mac’s latest weekly mortgage survey moved higher from the prior week. National surveys describe a market average, not the rate available for your loan.

What it means for you

The same home may cost more each month when rates rise. An estimate from last week may need another look, especially if your offer or closing date changed.

A useful next step

Ask Jon for current options on the same home. Compare the full monthly payment, cash due at closing, points, and whether the rate is locked.

Freddie MacWeekly survey • October 1 · Released Oct 1, 2026
Housing02

National prices do not set the price of your home.

FHFA reported that national home prices rose 2.6% from July 2025 to July 2026. Price changes varied across regions.

What it means for you

A national trend is useful background. Your offer still depends on nearby recent sales, the home’s condition, time listed, and competing homes.

A useful next step

Ask your Realtor for recent comparable sales. Discuss whether a price change or eligible seller credit would help your budget more.

FHFAJuly 2026 home prices · Released Sep 29, 2026
Economy03

A jobs headline cannot promise your next mortgage rate.

The September employment report showed 29,000 additional nonfarm jobs and an unemployment rate of 4.2%.

What it means for you

Jobs and inflation reports can change bond markets and lender pricing. One headline cannot tell you the rate, fees, or loan terms available to you.

A useful next step

Check a current lender quote and your full housing payment. If you are under contract, ask about your lock expiration and closing timeline.

U.S. Bureau of Labor StatisticsSeptember 2026 employment · Released Oct 2, 2026

What the market headlines mean

Mortgage surveyA snapshot of rates reported across a market, using the publisher’s assumptions. It helps show direction; it does not describe the price of your individual loan.

Jobs and unemploymentNonfarm payrolls count jobs outside farm work. The unemployment rate measures people without a job who are actively looking, as a share of people working or looking. These figures describe the economy, not your loan eligibility.

Home price indexA measure of how prices change over time. A national increase does not mean every home rose by that amount. Local recent sales and the property’s condition still matter.

CLOSER TO HOME

Local context. A property-specific decision.

Second quarter 2026

Corpus Christi metro

The second-quarter report shows 90 days on market and 8.6 months of inventory. Use this regional context to compare your options, then check current listings and nearby sales. These figures describe the metro area, not Rockport city.

Texas REALTORS®
$288,999Median sale price

Middle sale price in Q2; not a valuation.

8.6 monthsMonths of inventory

Estimated time to sell supply at that sales pace.

90 daysDays on market

Reported time listed before sale in Q2.

Use the data well. Quarterly figures describe their stated period. Review today’s competing listings and recent nearby sales before choosing a price or offer. Corpus Christi metro figures are not a Rockport city valuation.
What do median price, inventory, and days on market mean?

Median price is the middle sale price when sales are ordered from lowest to highest: half are above and half below. It is different from an average and is not a price estimate for your home.

Months of inventory compares homes for sale with the pace of sales. It estimates how many months the supply would last at that pace; it does not predict how long your home will take to sell.

Days on market measures how long homes were listed during the reporting period. Treat the reported figure as historical regional context, then check the current listing and comparable sales.

Second quarter 2026

Victoria MSA

Median sale price $253,000; 5.1 months of inventory; 79 days on market. These are metro figures for the quarter, not a current home valuation.

Texas REALTORS® · report page 30
City-level data not verified

Rockport

No verified Rockport city figures are included in this edition. Ask your Realtor for recent nearby sales, current listings, and property-specific context.

Texas REALTORS® housing reports
THE INTERESTING SIDE OF REAL ESTATE

Five real estate finds.

Collected Oct 5, 2026

Unusual homes, creative renovations, and clever ideas for how we live. Five real estate conversation starters, each with its original publication date.

Unique homes01

A rock-lined “cave house” was listed for $59,000.

Realtor.com’s September 30 feature highlights a 1977 earth-sheltered home in Armington, Illinois. Its walls and ceilings are lined with river rock, and round windows add a storybook feel. The report says the kitchen still needs finishing.

The property angle

Earth-sheltered means built partly into the ground. The unusual design makes this a conversation starter about how much homes can differ.

Read the story · Realtor.comPublished Sep 30, 2026
Unique homes02

Mississippi has an unfinished home inspired by the Taj Mahal.

An October 4 report features an Ocean Springs waterfront home modeled after the famous Indian landmark. The five-bedroom residence was reported listed at $2.5 million. It remains unfinished, and some listing images show an AI-generated vision of what it could become.

The property angle

The story shows why a beautiful rendering and a finished home are different things. The report includes the actual unfinished interior.

Read the story · Realtor.comPublished Oct 4, 2026
Architecture03

This home puts a pond above its basement skylight.

Futurist Architecture’s October 2 feature explores Babylonia, a Melbourne family home designed by FMD Architects. Much of the home sits below ground, while its roof curves around two mature eucalyptus trees. A shallow pond above a glass skylight sends moving water patterns into the rooms below.

The property angle

Instead of flattening the sloping lot, the designers used the slope, trees, and daylight to shape the home.

Read the story · Futurist ArchitecturePublished Oct 2, 2026
Renovation04

A 1950s coastal villa gets a renovation with a yacht-like view.

An October 1 ARCHISCENE feature shows Villa Ponente in Tuscany after a renovation by Pierattelli Architetture. The architects kept the original home’s main shape while opening rooms toward the sea, enlarging terraces, and reorganizing the interior.

The property angle

The home’s character stayed recognizable. The renovation focused on how the rooms connect to the coastline, rather than starting from scratch.

Read the story · ARCHISCENEPublished Oct 1, 2026
Architecture05

A Mexican home turns sunlight into moving patterns.

ARCHISCENE’s October 3 feature explores Casa Akina in Colima, Mexico, designed by Di Frenna Arquitectos. Courtyards bring greenery into the home, while breeze blocks—concrete blocks with openings—filter sunlight into shifting patterns across walls and floors.

The property angle

Privacy, natural light, and outdoor space are built into the layout. The interest comes from everyday materials used in an unexpected way.

Read the story · ARCHISCENEPublished Oct 3, 2026

Property stories for conversation and inspiration. Reported asking prices are dated article details; availability and prices can change.

YOUR NEXT STEP

Have a home or a scenario in mind?

Bring the address, your timing, and the payment you feel comfortable making. Jon can help connect the market headlines to your own next step.

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