themortgagellm™Current 30YR conforming rate vs last week
Prompt
“What is the median 30-year conforming purchase note rate over the last 7 days, and how does it compare to the prior 7 days?”
Response
Anchoring on the most recent MAX(lock_requested_date) in the Optimal Blue feed (yesterday's snapshot):
| Window | Median note rate | Locks | Volume |
|---|---|---|---|
| Last 7 days | 6.500% | 16,626 | $6.08B |
| Prior 7 days | 6.380% | 15,914 | $5.72B |
| Week-over-week change | +12 bps | +4.5% | +6.3% |
Rates ticked higher, but so did volume. The 12 bps rise came alongside a 4.5% lock-count increase — consistent with borrowers accelerating decisions ahead of further rate moves, not slowing down.
Data source: Optimal Blue aggregated industry feed (loan-level rate locks), refreshed daily.