Mortgage Rates Little Changed on Tuesday

Mortgage rates are based on bonds and bonds take their most important cues from big ticket economic reports. But such reports have been in short supply so far this week. Instead, the market has been left to focus mainly on speeches from various Federal Reserve officials. Fed speeches can certainly have an impact, but it depends on the specifics. Today's most important comments came from Fed Chair Powell, but they didn't represent any major departure from his press conference following last week's Fed announcement. Still, some traders were relieved that he didn't use the opportunity to reiterate several of last week's topics that pushed rates higher. Today's Powell appearance helped the underlying bond market, but mortgage rates were still getting caught up with yesterday's market movement. The net effect is an average 30yr fixed mortgage rate that moved just a hair higher from yesterday, but it's just as fair to say rates have been broadly unchanged since last Thursday.

September 23, 2025 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.37% +0.02%   6.13% 7.26% 15 Yr. Fixed 5.90% +0.01%   5.54% 6.59% 30 Yr. Jumbo 6.26% -0.01%   6.14% 7.45% Compare Mortgage Rates from Local Lenders for Sep 23, 2025 Mortgage Rates Little Changed on Tuesday Tue, Sep 23, 2025 3:19PM Mortgage rates are based on bonds and bonds take their most important cues from big ticket economic reports. But such reports have been in short supply so far this week. Instead, the market has been left to focus mainly on speeches from various Federal Reserve officials. Fed speeches can certainly have an impact, but it depends on the specifics. Today's most important comments came from Fed Chair Powell, but they didn't represent any major departure from his press conference following last week's Fed announcement. Still, some traders were relieved that he didn't use the opportunity to reitera... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.37% +0.02 0.00 15 Yr. Fixed 5.90% +0.01 0.00 30 Yr. FHA 6.06% +0.01 0.00 30 Yr. Jumbo 6.26% -0.01 0.00 7/6 SOFR ARM 5.80% +0.01 0.00 30 Yr. VA 6.07% +0.01 0.00 Updates Daily - Last Update: 9/23 Freddie Mac Rate Change Points 30 Yr. Fixed 6.26% -0.09 0.00 15 Yr. Fixed 5.41% -0.09 0.00 Updates Weekly - Last Update: 9/18 Mortgage Bankers Assoc. 30 Yr. Fixed 6.39% -0.10 0.54 15 Yr. Fixed 5.63% -0.07 0.58 30 Yr. Jumbo 6.48% +0.04 0.35 Updates Weekly - Last Update: 9/17 UMBS 30YR 5.0 99.38 +0.15   95.05 100.29 UMBS 30YR 5.5 100.99 +0.11   97.47 101.40 10 YR Treasury 4.114 -0.035   3.736 4.780 Which Powell Will We Get Today? Tue, Sep 23, 2025 11:03AM Fed Chair Powell speaks today at a chamber of commerce luncheon in Providence. While the venue may not possess the gravitas of last week's press conference, any opportunity for Q&A with the Fed Chair is an opportunity for markets to evolve their understanding of Powell's playbook. Past examples of such a Q&A sessions in the week following a Fed ... (read more) MBS Price Change UMBS 4.5 97.33 +0.20 UMBS 5.0 99.38 +0.15 UMBS 5.5 100.99 +0.11 GNMA 4.5 97.23 +0.04 GNMA 5.0 99.59 +0.14 GNMA 5.5 100.81 +0.10 Pricing as of: 9/23 3:56PM EST US Treasury Yield Change 2 YR Treasury 3.586 -0.014 5 YR Treasury 3.672 -0.032 7 YR Treasury 3.863 -0.036 10 YR Treasury 4.114 -0.035 30 YR Treasury 4.734 -0.032 Pricing as of: 9/23 3:56PM EST Other News HELOC, AI Assistant, CE, Recapture Products; Market-Based Affordability; LOs and Consumer Data Tue, Sep 23, 2025 11:47AM At recent conferences I’ve attended, including here in Atlanta at the Loan Vision Innovation Conference, talk of federal government partisanship, posturing, and shutdowns has crept into discussions. Lenders would definitely be impacted, and this month’s STRATMOR piece is titled, “No Lender Wants a Government Shutdown, but Just in Case…”. Accurately measuring... (read more) Latest Video Fed Chair Powell: It's a low fire, low hire economy WSJ's Nick Timiraos: The balance of risks is changing for the Federal Reser... Treasury sells $69B in 2-year notes S&P global manufacturing PMI comes in weaker than expected Around the Web Federal Reserve September 23, 2025 - Economic Outlook Chair Jerome H. Powell Realtor.com Rent Isnt What It Seems: The Hidden Fees Driving Up Housing Costs and the States Taking Action CNBC Single-family rent growth is starting to show new weakness Eye on Housing Beyond the Official Unemployment Rate: A Deep Dive into U.S. Unemployment Realtor.com Compass To Become Worlds Largest Real Estate Brokerage in $1.6 Billion Merger CNBC Watch Fed Chair Jerome Powell speak live on interest rates and the economy Calculated Risk Blog California Home Sales Down Year-over-year for 5th Straight Month CNBC Treasury yields slip as investors await Fed Chair Powell's remarks CNBC Chicago Fed President Goolsbee says officials have to be careful not to get too aggressive with rate cuts Calculated Risk Blog A Few Comments on a Possible Government Shutdown CNBC St. Louis Fed President Musalem sees 'limited room' for more interest rate cuts Calculated Risk Blog Household Formation Drives Housing Demand CNBC Watch new Fed Governor Stephen Miran speak live on the economy and interest rates

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