Mortgage Rates Holding at 10 Month Lows

Yesterday saw the average 30yr fixed rate fall back in line with levels from early October, 2024. This happened for two reasons. The broader, underlying reason is that rates have been in a fairly narrow, stable range and that range was already relatively closer to 10 month lows than 10 month highs. The more specific reason is quite clearly the market's reaction to last week's jobs report.  In other words, the prevailing range was the fuel and the jobs report was the match.  Little has changed so far in the present week as far as the underlying bond market is concerned. Mortgage rates happened to fall yesterday mostly because they weren't able to fully adjust to bond market developments on Friday.  To a lesser degree, modest, additional improvement in the bond market left no doubt that lenders could drop rates just a bit more. Now today, bonds are even more 'unchanged' than yesterday.  Given that yesterday's change was also modest, mortgage lenders didn't have any catching up to do.  Thus, it's no surprise to see the average lender effectively right in line with yesterday's latest levels. Apart from yesterday (which is technically 0.01% higher), today's rates are also the lowest in 10 months. 

August 5, 2025 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Holding at 10 Month Lows Yesterday saw the average 30yr fixed rate fall back in line with levels from early October, 2024. This happened for two reasons. The broader, underlying reason is that rates have been in a fairly narrow, stable range and that range was already relati... (read more) MBS Commentary Mixed ISM Data Keeps Bonds In The Game The ISM Services Index is/was easily this week's biggest ticket in terms of scheduled economic data. It was mostly OK for bonds with the growth-related components coming in slightly weaker. But the "prices paid" component remains problematic. At 69.9... (read more) Rob Chrisman Non-QM, Housing Trend, Servicing Tools; Building a Framework; MAA News and MBA Chair Interview “An economist’s left leg is on fire, and his right leg is frozen. He says, ‘On average I'm perfectly fine.’” For those out there continuing to scratch your heads about the Bureau of Labor Statistics, non-farm payroll, Donald Trump, and economic stati... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.58% +0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.58% +0.01 0.00 15 Yr. Fixed 5.93% +0.02 0.00 30 Yr. FHA 6.19% 0.00 0.00 30 Yr. Jumbo 6.72% 0.00 0.00 7/6 SOFR ARM 6.11% +0.01 0.00 30 Yr. VA 6.20% 0.00 0.00 Updates Daily - Last Update: 8/5 15 Yr. Fixed Rate 5.93% +0.02% Rate Change Points Freddie Mac 30 Yr. Fixed 6.72% -0.02 0.00 15 Yr. Fixed 5.85% -0.02 0.00 Updates Weekly - Last Update: 7/31 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 7.01% +0.17 0.65 15 Yr. Fixed 6.45% +0.31 0.56 30 Yr. Jumbo 7.17% +0.42 0.44 Updates Weekly - Last Update: 7/30 MBS / Treasuries UMBS 30YR 5.5 100.27 +0.05 Price / Yield Change MBS UMBS 5.5 100.27 +0.05 UMBS 6.0 101.88 -0.03 GNMA 5.5 100.43 +0.07 GNMA 6.0 101.78 +0.05 Pricing as of: 8/5 5:31PM EST 10 Year US Treasury 4.2012 +0.0079 Price / Yield Change US Treasury 2 YR Treasury 3.719 +0.042 5 YR Treasury 3.768 +0.028 7 YR Treasury 3.962 +0.019 10 YR Treasury 4.201 +0.008 30 YR Treasury 4.771 -0.022 Pricing as of: 8/5 5:31PM EST Latest Video ISM service sector PMI surprises to downside NY Fed: Total household debt increases by 1% in Q2 to $18.4 trillion S&P global U.S. services PMI 55.7 vs. 55.1 estimated U.S.-Canada trade deal likely to be similar to what we already have, says C... Around the Web Stay-At-Home Macro Job growth has slowed sharply; the question is why Calculated Risk Blog NY Fed Q2 Report: Household Debt Increased $185 Billion in Q2; Delinquencies Elevated Calculated Risk Blog Trade Deficit Decreased to $60.2 Billion in June Calculated Risk Blog Q2 NY Fed Report: Mortgage Originations by Credit Score, Foreclosures Decrease PR Newswire Services PMI® at 50.1%; July 2025 Services ISM® Report On Business® Calculated Risk Blog How Much will the Fannie & Freddie Conforming Loan Limit Change for 2026? CNBC 10-year Treasury yield climbs ahead of key services data Eye on Housing Mortgage Rates Decline in July; Treasury Yields Rise Mid-Month Calculated Risk Blog Heavy Truck Sales Decreased 12% YoY in July Calculated Risk Blog Housing August 4th Weekly Update: Inventory up 0.6% Week-over-week; Down 10% from 2019 Levels Calculated Risk Blog Fed July SLOOS Survey: Banks reported Weaker Demand for Most Loan Categories CNBC EU will delay planned U.S. tariffs for six months to allow for trade talks Eye on Housing Student Housing Construction Rises in the Second Quarter of 2025

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