Mortgage Rates Drift Slightly Higher Again

After falling for 5 straight days leading into Tuesday, mortgage rates have now moved slightly higher on each of the past two days. As was the case with the improvement, the bounce back has been exceedingly modest in its pace. In fact, most borrowers will be seeing the same rates today vs last week with only minor changes in upfront costs. Today was the only day of the present week with any meaningful economic data. This is relevant because rates are based on bonds and economic data is a key source of motivation for bond movement, but it depends on the data in question.  For instance, next week's big jobs report on Friday is guaranteed to result in some of the highest-volume bond market trading of the month.  It also has a higher chance than any other scheduled report to cause a big move in one direction or the other.  Contrast that to this week's economic calendar and it's a completely different story.  Even if we added every scheduled event together, it still wouldn't surpass next week's jobs report in terms of potential rate impact. This morning's Jobless Claims report (NOT the same as next week's much more important jobs report) was the first time this week that bonds even visibly reacted to data.   Jobless Claims were lower than expected. A stronger labor market tends to coincide with higher rates, all else equal. In today's case, it made for a slight bump, but no major drama. After bottoming out on July 1st and bouncing higher through July 8th, rates have generally been sideways.   [thirtyyearmortgagerates]

July 24, 2025 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Drift Slightly Higher Again After falling for 5 straight days leading into Tuesday, mortgage rates have now moved slightly higher on each of the past two days. As was the case with the improvement, the bounce back has been exceedingly modest in its pace. In fact, most borrowers... (read more) MBS Commentary Some Selling Before and After Jobless Claims Jobless claims data continues to defy a majority of other labor market metrics in showing a remarkable lack of any signs of softening.  In fact, the 4 week average is now at a 13 week low.  While this isn't the most highly consequential eco... (read more) Rob Chrisman Hedging, Correspondent, AI Answer, Subservicing, Processing, Fee Modeling Tools; Classes, Training, and Webinars July 24… While much of the nation swelters, if you live in Utah, it’s Pie and Beer Day. Uh, I mean, Pioneer Day. The average home in Utah now costs $517,000, a 1 percent increase from last year, per this article and very manageable. If this article (... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.81% +0.03% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.81% +0.03 0.00 15 Yr. Fixed 6.05% +0.01 0.00 30 Yr. FHA 6.38% +0.02 0.00 30 Yr. Jumbo 6.91% +0.01 0.00 7/6 SOFR ARM 6.27% +0.02 0.00 30 Yr. VA 6.40% +0.02 0.00 Updates Daily - Last Update: 7/24 15 Yr. Fixed Rate 6.05% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.74% -0.01 0.00 15 Yr. Fixed 5.87% -0.05 0.00 Updates Weekly - Last Update: 7/24 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.84% +0.02 0.62 15 Yr. Fixed 6.14% +0.03 0.69 30 Yr. Jumbo 6.75% -0.06 0.70 Updates Weekly - Last Update: 7/23 MBS / Treasuries UMBS 30YR 5.5 99.29 -0.08 Price / Yield Change MBS UMBS 5.5 99.29 -0.08 UMBS 6.0 101.25 -0.06 GNMA 5.5 99.57 -0.05 GNMA 6.0 101.24 -0.03 Pricing as of: 7/24 5:31PM EST 10 Year US Treasury 4.3967 +0.0130 Price / Yield Change US Treasury 2 YR Treasury 3.912 +0.034 5 YR Treasury 3.958 +0.028 7 YR Treasury 4.163 +0.019 10 YR Treasury 4.397 +0.013 30 YR Treasury 4.938 -0.001 Pricing as of: 7/24 5:31PM EST Latest Video President Trump set to visit the Federal Reserve June new home sales 627K vs. 645K expected S&P global flash U.S. services PMI 55.2 vs. 53.2 expected Jobless claims total 217,000, below forecast Around the Web CNBC A new bill could make it easier to build a tiny home in your backyardhere's what to know Calculated Risk Blog ICE First Look at June Mortgage Performance: "Delinquencies Trend Slightly Higher in June" Calculated Risk Blog New Home Sales Increase to 627,000 Annual Rate in June Yahoo US weekly jobless claims unexpectedly fall S&P Corelogic Growth accelerates in July as rising demand for services offsets CNBC Why cutting capital gains tax on home sales wouldn't solve the country's housing issues Marketwatch Wall Street braces for more than a half-trillion dollars in net Treasury-bill issuance during third quarter Marketwatch Trump administration eyeing a long list of candidates to replace Powell, Bessent says CNBC Institutional landlords see new competition from an unexpected source Reuters Trump strikes tariff deal with Japan, auto stocks surge Eye on Housing Builders Use of Artificial Intelligence CNBC 10-year Treasury yield moves slightly higher ahead of Trumps Fed visit CNBC European Central Bank holds interest rates as tariff turmoil keeps policymakers on edge

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