Mortgage Rates Move Modestly Lower Amid Market Volatility

Mortgage rates are dictated by bonds and bonds had a volatile day. During overnight trading hours, bonds suggested we should brace for the impact of even higher rates. Things changed just after 7am ET following headlines that suggested progress on the Iran war.  Although volatility continued in the ensuing hours, bonds ultimately settled in stronger territory (which is good for rates).  After ending last week above 6.5% for the first time since early September, the average top-tier 30yr fixed rate fell back to 6.49% today. While it's a step in the right direction, it would take a much bigger improvement sustained over the course of several days (or even weeks) to mark a bigger picture turning point.

March 23, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.49% -0.04%   5.99% 7.08% 15 Yr. Fixed 6.05% -0.02%   5.55% 6.48% 30 Yr. Jumbo 6.62% -0.01%   6.1% 7.2% Compare Mortgage Rates from Local Lenders for Mar 23, 2026 Mortgage Rates Move Modestly Lower Amid Market Volatility Mon, Mar 23, 2026 3:34PM Mortgage rates are dictated by bonds and bonds had a volatile day. During overnight trading hours, bonds suggested we should brace for the impact of even higher rates. Things changed just after 7am ET following headlines that suggested progress on the Iran war.  Although volatility continued in the ensuing hours, bonds ultimately settled in stronger territory (which is good for rates).  After ending last week above 6.5% for the first time since early September, the average top-tier 30yr fixed rate fell back to 6.49% today. While it's a step in the right direction, it would take a m... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.49% -0.04 0.00 15 Yr. Fixed 6.05% -0.02 0.00 30 Yr. FHA 5.97% -0.03 0.00 30 Yr. Jumbo 6.62% -0.01 0.00 7/6 SOFR ARM 6.25% +0.06 0.00 30 Yr. VA 5.99% -0.02 0.00 Updates Daily - Last Update: 3/23 Freddie Mac Rate Change Points 30 Yr. Fixed 6.22% +0.11 0.00 15 Yr. Fixed 5.54% +0.04 0.00 Updates Weekly - Last Update: 3/19 Mortgage Bankers Assoc. 30 Yr. Fixed 6.30% +0.11 0.63 15 Yr. Fixed 5.66% +0.12 0.73 30 Yr. Jumbo 6.39% +0.13 0.34 Updates Weekly - Last Update: 3/18 UMBS 30YR 5.0 98.50 +0.35   95.71 100.50 UMBS 30YR 5.5 100.34 +0.26   98.11 101.64 10 YR Treasury 4.330 -0.053   3.932 4.590 Big Early AM Rally Gets Bonds Back in The Green Mon, Mar 23, 2026 9:26AM Up until roughly 7am ET, it was a rough night for the bond market. 10yr yields had been selling off steadily throughout, hitting 4.443% by 6:45am. Then at 7:04am, newswires indicated "talks" between the US and Iran, and a 5 day ceasefire of sorts. Yields and oil plunged instantly. Stocks rallied. The 10yr dipped as low as 4.308% before bouncing. The bounce c... (read more) MBS Price Change UMBS 4.5 96.30 +0.44 UMBS 5.0 98.50 +0.35 UMBS 5.5 100.34 +0.26 GNMA 4.5 96.39 +0.30 GNMA 5.0 98.99 +0.42 GNMA 5.5 100.42 +0.22 Pricing as of: 3/23 3:56PM EST US Treasury Yield Change 2 YR Treasury 3.828 -0.077 5 YR Treasury 3.943 -0.064 7 YR Treasury 4.138 -0.060 10 YR Treasury 4.330 -0.053 30 YR Treasury 4.908 -0.034 Pricing as of: 3/23 3:56PM EST Other News Subservicing, LOS, Verification Tools; STRATMOR on Tech; Builder M&A; Rate Hike Odds Mon, Mar 23, 2026 11:48AM Products, Services, and Software for Brokers and Lenders Less back-and-forth. More first-time-right verifications. Truework replaces manual verification waterfalls with a single automated platform, so underwriters, LOs, and ops can cut down the document chasing, conflicting numbers, and last-minute corrections. Lenders see up to 50 percent cost savings on ... (read more) Latest Video Watch CNBC's full interview with Chicago Fed President Austan Goolsbee War in Iran makes Fed's next rate decision more interesting: High Frequency... Former Fed Gov. Randy Kroszner: Interest rates might stay higher for longer... Why the markets may be stuck in a "nowhere-to-hide" situation Around the Web Marketwatch Fed's interest-rate stance is shifting, and Goolsbee's comments may be the latest evidence Marketwatch Why markets will remain volatile, even if investors see some relief from selling this week Eye on Housing Comparing New and Resale Prices: 4Q25 CNBC 10-year Treasury yields rise to highest level since July 2025 CNBC Fed's Goolsbee says he's worried about inflation in 'fraught but intense' climate Investing Live US January construction spending -0.3% vs +0.1% expected CNBC Gold miners' bull run squeezed as prices plummet and energy costs soar Marketwatch Stocks and bonds struggle as traders see chances of Fed rate hike soar above 50% - up sharply from earlier this week CNBC The spring housing market is on, but mortgage rates just shot higher. Here's what to know. Eye on Housing Value of Household Real Estate Assets Fall for Second Straight Quarter Investing Live USD moves to new highs for the day. 10 year yield rises to 4.40% Eye on Housing Demolition Activity Slows Down But Remains Above Pre-Pandemic Levels BLS Real average hourly earnings up 1.4 percent over the 12 months ending February 2026

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