Mortgage Rates Roughly Unchanged to Start New Week

After hitting the lowest levels in nearly a year (and nearly the lowest levels in 3 years) last Tuesday, rates lurched higher following Wednesday's Fed announcement.  While the Fed cut rates as expected, and while the Fed's rate forecasts were well-received, Powell's guidance pushed back in the other direction.  Economic data on Thursday morning made things worse making for a fairly sharp 2-day spike. Things calmed down after that. Friday's rates were a hair lower and now today's rates are right in line with Friday's. In other words, the volatile reaction to last week's Fed announcement is over and the market is waiting for the next source of inspiration. The most prevalent top tier 30yr fixed rate is now closest to 6.375% after briefly hitting 6.125% last week.  We'll hear from almost every other member of the Fed via various speeches this week. This could create volatility on a smaller scale, but it will be next week's jobs report that has the power to either push rates back toward recent lows or reinvigorate last week's unfriendly rebound.

September 22, 2025 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.35% +0.00%   6.13% 7.26% 15 Yr. Fixed 5.89% -0.01%   5.54% 6.59% 30 Yr. Jumbo 6.27% -0.01%   6.14% 7.45% Compare Mortgage Rates from Local Lenders for Sep 22, 2025 Mortgage Rates Roughly Unchanged to Start New Week Mon, Sep 22, 2025 3:12PM After hitting the lowest levels in nearly a year (and nearly the lowest levels in 3 years) last Tuesday, rates lurched higher following Wednesday's Fed announcement.  While the Fed cut rates as expected, and while the Fed's rate forecasts were well-received, Powell's guidance pushed back in the other direction.  Economic data on Thursday morning made things worse making for a fairly sharp 2-day spike. Things calmed down after that. Friday's rates were a hair lower and now today's rates are right in line with Friday's. In other words, the volatile reaction to last week's Fed announce... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.35% 0.00 0.00 15 Yr. Fixed 5.89% -0.01 0.00 30 Yr. FHA 6.05% +0.02 0.00 30 Yr. Jumbo 6.27% -0.01 0.00 7/6 SOFR ARM 5.79% +0.01 0.00 30 Yr. VA 6.06% +0.01 0.00 Updates Daily - Last Update: 9/22 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 99.31 -0.16   95.05 100.29 UMBS 30YR 5.5 100.96 -0.09   97.47 101.40 10 YR Treasury 4.140 +0.013   3.736 4.780 Deluge of Fed Speakers as Market Waits For Next Week's Jobs Report Mon, Sep 22, 2025 11:11AM Although the present week brings the release of PCE inflation for August, and although PCE is the most relevant inflation data when it comes to assessing progress toward the 2% target, we still wouldn't consider this a high-consequence data week. Part of the reason is that PCE almost never hits as hard as CPI because it comes out two weeks later and has less... (read more) MBS Price Change UMBS 4.5 97.21 -0.20 UMBS 5.0 99.31 -0.16 UMBS 5.5 100.96 -0.09 GNMA 4.5 97.20 -0.16 GNMA 5.0 99.55 -0.17 GNMA 5.5 100.83 -0.08 Pricing as of: 9/22 3:31PM EST US Treasury Yield Change 2 YR Treasury 3.597 +0.021 5 YR Treasury 3.692 +0.011 7 YR Treasury 3.888 +0.010 10 YR Treasury 4.140 +0.013 30 YR Treasury 4.758 +0.014 Pricing as of: 9/22 3:31PM EST Other News Latest Video Sec. Bessent: 11 candidates for Fed chair, will have interviewed most by ne... Mortgage rates up after Fed rate cut Federal Reserve Governor Stephen Miran: I don’t see any material inflation ... Minneapolis Fed President Kashkari: Tariffs will likely only have a one-tim... Around the Web Realtor.com Compass To Become Worlds Largest Real Estate Brokerage in $1.6 Billion Merger CNBC St. Louis Fed President Musalem sees 'limited room' for more interest rate cuts Calculated Risk Blog California Home Sales Down Year-over-year for 5th Straight Month CNBC Watch new Fed Governor Stephen Miran speak live on the economy and interest rates Calculated Risk Blog A Few Comments on a Possible Government Shutdown Calculated Risk Blog Housing September 22nd Weekly Update: Inventory Up 0.3% Week-over-week Eye on Housing Single-Family Homes Are Built Faster in 2024 CNBC CNBC Daily Open: Hindsight could give the Fed a stern lesson on its rate cut Eye on Housing State-Level Employment Situation: August 2025 Calculated Risk Blog Realtor.com Reports Median listing price was flat year over year CNBC Kashkari advocates two more rate cuts this year as he sees limited tariff impact on inflation Calculated Risk Blog 3rd Look at Local Housing Markets in August Calculated Risk Blog Q3 GDP Tracking

© 2025  Mortgage News Daily, LLC. | 19701 Bethel Church Rd. | Cornelius, NC 28031 Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc. This email was sent to: . Go here to UNSUBSCRIBE from this email.