Mortgage Rates Slightly Higher to Start September

Mortgage rates are based on bonds and bonds can do funny things on the first and last trading days of any given month. One of the most common "funny things" involves a decent amount of market movement for no apparent reason. In truth, there are always reasons, but on the first/last trading day of the month, they aren't the normal reasons (such as a reaction to economic data), and they're too esoteric to merit an explanation for the amount of movement seen today. There are some less esoteric motivations in play as well. US bonds often take cues from European bonds when there isn't anything more compelling go offer directional guidance, and European bonds had a bad morning. The spillover to US bonds was apparent in the overnight hours.  Lastly, some news stories speculated that legal challenges to Trump tariffs could be contributing to higher rates. This highly unlikely given the timing of the news (it happened just after markets closed on Friday). If this were a motivation, it would have been apparent right when trading began for the new week on Sunday night in Asia. Instead, it wasn't until European markets opened that the bond market began pointing toward higher rates. Motivations aside, rates didn't move too much higher. In terms of top tier 30yr fixed rates, the total damage was 0.03%, thus leaving the average lender right in line with the lowest levels since October 2024.

September 2, 2025 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Slightly Higher to Start September Mortgage rates are based on bonds and bonds can do funny things on the first and last trading days of any given month. One of the most common "funny things" involves a decent amount of market movement for no apparent reason. In truth, there are alway... (read more) MBS Commentary Bonds Dealing With Holiday Hangover Despite Friendly Data The Tuesday after Labor Day can have a mind of its own when it comes to financial markets--especially if it also happens to be the trading day of the month. Last week's month-end trading environment gave bonds an artificial, temporary boost and some ... (read more) Rob Chrisman Loss Mit, Data Mining, Pre-Approval Letter Tools; jumbo, HELOC, Non-Agency News; Watch Those Student Loans What’s old is new again? In Vermont, one man is refurbishing payphones for people to use for free. Very cool. Debt isn’t old or new, but how we treat it is. On today's episode of Advisory Angle at 2PM ET, STRATMOR experts Garth Graham, Nicole Yung, a... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.53% +0.03% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.53% +0.03 0.00 15 Yr. Fixed 5.88% +0.02 0.00 30 Yr. FHA 6.09% +0.03 0.00 30 Yr. Jumbo 6.47% +0.02 0.00 7/6 SOFR ARM 5.91% +0.01 0.00 30 Yr. VA 6.10% +0.02 0.00 Updates Daily - Last Update: 9/2 15 Yr. Fixed Rate 5.88% +0.02% Rate Change Points Freddie Mac 30 Yr. Fixed 6.56% -0.02 0.00 15 Yr. Fixed 5.69% 0.00 0.00 Updates Weekly - Last Update: 8/28 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.69% +0.01 0.60 15 Yr. Fixed 6.03% +0.07 0.77 30 Yr. Jumbo 6.67% +0.03 0.44 Updates Weekly - Last Update: 8/27 MBS / Treasuries UMBS 30YR 5.5 100.39 -0.18 Price / Yield Change MBS UMBS 5.5 100.39 -0.18 UMBS 6.0 102.07 -0.10 GNMA 5.5 100.58 -0.16 GNMA 6.0 101.91 -0.10 Pricing as of: 9/2 5:31PM EST 10 Year US Treasury 4.2740 +0.0446 Price / Yield Change US Treasury 2 YR Treasury 3.649 +0.032 5 YR Treasury 3.735 +0.039 7 YR Treasury 3.972 +0.038 10 YR Treasury 4.274 +0.045 30 YR Treasury 4.970 +0.043 Pricing as of: 9/2 5:31PM EST Latest Video ISM manufacturing remains in contraction territory Upcoming jobs report will be most watched in a long time, says G Squared's ... Final August S&P manufacturing PMI comes in at 53.0 vs 53.3 estimated Yield curve steepens after economic data Around the Web CNBC What Trump's tariff loss in court means for shippers and the billions in trade duties collected by U.S. government CNBC Treasury yields move higher as investors look to key jobs report PR Newswire Manufacturing PMI® at 48.7%; August 2025 ISM® Manufacturing PMI® Report S&P Global Surge in production underpins strongest improvement in manufacturing performance since May 2022 Calculated Risk Blog Freddie Mac House Price Index Declined in July; Up 1.4% Year-over-Year Eye on Housing June Private Residential Construction Spending Edges Higher CNBC CNBC Daily Open: Trump tariffs heading to the U.S. Supreme Court might just be the start of a long legal battle Eye on Housing NAHB HBGI: Relative Gains for Smaller Markets, Particularly for Multifamily CNBC Condo prices are fallingbut a bargain isnt guaranteed: Its all in the math CNBC Manhattan office leasing on track to hit highest volume since 2019 Calculated Risk Blog Q3 GDP Tracking Calculated Risk Blog Hotels: Occupancy Rate Decreased 1.1% Year-over-year Calculated Risk Blog PCE Measure of Shelter Declined to 4.0% YoY in July

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