Mortgage Rates End Week Unchanged. Next Week, Probably Not...

It's no great secret that the outgoing week didn't offer much in terms of hotly anticipated events with the power to make or break momentum in the rate market.  But as it happened, there was ultimately no impact whatsoever by the time Friday afternoon rolled around.  Actually, rates were already 'unchanged' on the week as of yesterday afternoon.  Friday just happened to be unchanged as well. In terms of the bond market movement underlying the mortgage rate stability, we got some help from headlines regarding the improvement in relations between the Trump admin and Fed Chair Powell.  After touring the Fed's construction site, the President said these sorts of cost overruns happen and he doesn't want to put them in the category of "grounds for removal," nor is there any pressure for Powell to resign. In general, the bond/rate market has done better during the moments where it looks like Powell's job is safer.  Conversely, longer term bonds/rates have done worse when faced with the prospect of a Fed Chair replacement that would lower short term rates more aggressively (seeming paradox, but actually quite logical to bond traders).  For every degree to which the present week was calm and uneventful for rates, next week brings the heat.  There are big ticket events on every single day and the biggest of tickets in the form of Friday's jobs report.  As always "potential" volatility doesn't guarantee a big move in either direction.  All we know is that odds are higher for big moves--especially after Friday's data.

July 25, 2025 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates End Week Unchanged. Next Week, Probably Not... It's no great secret that the outgoing week didn't offer much in terms of hotly anticipated events with the power to make or break momentum in the rate market.  But as it happened, there was ultimately no impact whatsoever by the time Friday aft... (read more) MBS Commentary Trade Headlines Trump Durable Goods Data, But Minimal Change Either Way Bonds were initially stronger, then weaker in the overnight session.  There was a bit of additional selling in the first hour, but none of it corresponded with the 8:30am Durable Goods data. Notably, the data was much weaker than expected. ... (read more) Rob Chrisman HELOC Products; HUD, FHA, and Ginnie News; Unscripted Powell and Trump If you want to see an unscripted moment where politics and the central bank collide, thank Ken Sonner for sending over this clip of President Trump and Fed Chair Powell addressing the press. (Complete with pressure for lower rates, a misstatement of ... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.81% +0.00% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.81% 0.00 0.00 15 Yr. Fixed 6.05% 0.00 0.00 30 Yr. FHA 6.39% +0.01 0.00 30 Yr. Jumbo 6.90% -0.01 0.00 7/6 SOFR ARM 6.26% -0.01 0.00 30 Yr. VA 6.40% 0.00 0.00 Updates Daily - Last Update: 7/25 15 Yr. Fixed Rate 6.05% +0.00% 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 99.34 +0.03 Price / Yield Change MBS UMBS 5.5 99.34 +0.03 UMBS 6.0 101.26 +0.01 GNMA 5.5 99.59 +0.01 GNMA 6.0 101.24 +0.02 Pricing as of: 7/25 5:31PM EST 10 Year US Treasury 4.3863 -0.0119 Price / Yield Change US Treasury 2 YR Treasury 3.920 -0.003 5 YR Treasury 3.953 -0.008 7 YR Treasury 4.153 -0.011 10 YR Treasury 4.386 -0.012 30 YR Treasury 4.924 -0.015 Pricing as of: 7/25 5:31PM EST Latest Video President Trump set to visit the Federal Reserve June new home sales 627K vs. 645K expected President Trump says most trade deals will be done by August 1 S&P global flash U.S. services PMI 55.2 vs. 53.2 expected Around the Web CNBC Trump says he believes Powell is ready to start lowering rates Calculated Risk Blog Final Look at Local Housing Markets in June and a Look Ahead to July Sales CNBC Federal Reserve likely to hold interest rates steady despite pressure from Trump. Here's what that means for your money CNBC Student loan forgiveness may soon be taxed again here's how much borrowers could owe FXStreet US Durable Goods Orders decline by 9.3% in June vs. -10.8 expected The Hill Trump to meet with EU leader in Scotland for trade talks Calculated Risk Blog New Home Sales Increase to 627,000 Annual Rate in June Calculated Risk Blog ICE First Look at June Mortgage Performance: "Delinquencies Trend Slightly Higher in June" S&P Corelogic Growth accelerates in July as rising demand for services offsets Eye on Housing Market Share of 5,000+ Square Foot New Homes Started Declines in 2024 Calculated Risk Blog Q2 GDP Tracking: Mid-2s Calculated Risk Blog Hotels: Occupancy Rate Decreased 2.6% Year-over-year; Weak Summer CNBC 10-year Treasury yield flat as investors assess U.S. economy, trade developments

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