Mortgage Rates Steadily Holding Longer-Term Lows

More Ground-Holding Despite Weird Intraday Spike This morning's commentary led with our desire to avoid jinxing this week's flat, boring market movement with rates at long term lows.  But for a few minutes mid-day, it looked like the jinx was real. At 11:35am, yields shot 3bps higher in a matter of minutes and in exceptionally heavy volume. Several hours later and there are still no solid explanations for the mini-drama. Thankfully, explanations are less important after Treasuries fully erased the mid-day weakness.  Mystery moves like this happen.  They usually offer clues by end of the trading session, but traders/analysts only tend to ravenously pursue those clues when the day-over-day movement is much larger.  Since today's wasn't, this one will be forgotten and chalked up to a very small number of tight-lipped traders making very big moves that caused a mini mid-day snowball.  Market Movement Recap10:31 AM Initially weaker overnight, but rallying back since 5am.  10yr now roughly unchanged at 4.214 and MBS up 1 tick (.03). 12:18 PM Big selling at 11:35 and mostly stabilized now.  No explanations available.  10yr was over 4.25, but now up only 1.9bps at 4.233.  MBS are back to unchanged after being down an eighth of a point. 01:26 PM modestly weaker after 10yr Treasury auction.  MBS down 1 tick (.03) and 10yr up 3bps at 4.244 04:11 PM Heading out with MBS up 2 ticks (.06) and 10yr up 1.2bps at 4.226

August 6, 2025 Download our Mobile App: Download our Mobile App: MBS Commentary More Ground-Holding Despite Weird Intraday Spike More Ground-Holding Despite Weird Intraday Spike This morning's commentary led with our desire to avoid jinxing this week's flat, boring market movement with rates at long term lows.  But for a few minut... (read more) Mortgage Rate Watch Mortgage Rates Steadily Holding Longer-Term Lows Although there were flashes of potential volatility in the underlying bond market at times today, mortgage rates made it through unscathed.  In other words, the volatility wasn't sufficient to force the average lender to make mid-day changes to ... (read more) Rob Chrisman DPA, HELOC, Document, Non-QM, Pooling Products; Conf. Conventional Changes As the MMLA event wrapped up in Michigan, a large number of people around the nation (and some from here) are gearing up to travel to (or within) California to attend the California MBA’s Western Secondary and then FAMP’s annual convention in Orlando... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.57% -0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.57% -0.01 0.00 15 Yr. Fixed 5.93% 0.00 0.00 30 Yr. FHA 6.17% -0.02 0.00 30 Yr. Jumbo 6.72% 0.00 0.00 7/6 SOFR ARM 6.12% +0.01 0.00 30 Yr. VA 6.18% -0.02 0.00 Updates Daily - Last Update: 8/6 15 Yr. Fixed Rate 5.93% +0.00% 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 6.77% -0.24 0.59 15 Yr. Fixed 6.03% -0.42 0.66 30 Yr. Jumbo 6.65% -0.52 0.59 Updates Weekly - Last Update: 8/6 MBS / Treasuries UMBS 30YR 5.5 100.28 +0.06 Price / Yield Change MBS UMBS 5.5 100.28 +0.06 UMBS 6.0 101.94 +0.07 GNMA 5.5 100.43 +0.04 GNMA 6.0 101.76 +0.03 Pricing as of: 8/6 5:31PM EST 10 Year US Treasury 4.2291 +0.0152 Price / Yield Change US Treasury 2 YR Treasury 3.709 -0.022 5 YR Treasury 3.773 -0.006 7 YR Treasury 3.978 +0.006 10 YR Treasury 4.229 +0.015 30 YR Treasury 4.802 +0.018 Pricing as of: 8/6 5:31PM EST Latest Video Minneapolis Fed Pres. Neel Kashkari: Two cuts this year 'still seem reasona... Bond yields hold steady following 10-year Treasury auction ISM service sector PMI surprises to downside NY Fed: Total household debt increases by 1% in Q2 to $18.4 trillion Around the Web Eye on Housing Americas Housing Supply Crisis: Is the Suburban Frontier Closing? CNBC Student loan borrowers face new challenges trying to get Public Service Loan Forgiveness Stay-At-Home Macro Job growth has slowed sharply; the question is why CNBC What the end of Energy Star could mean for commercial real estate Calculated Risk MBA: Mortgage Applications Increase in Latest Weekly Survey CNBC 10-year Treasury yield ticks higher ahead of bond auctions Calculated Risk Blog NY Fed Q2 Report: Household Debt Increased $185 Billion in Q2; Delinquencies Elevated Calculated Risk Blog Asking Rents Mostly Unchanged Year-over-year 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 CNBC 10-year Treasury yield climbs ahead of key services data PR Newswire Services PMI® at 50.1%; July 2025 Services ISM® Report On Business® Eye on Housing Mortgage Rates Decline in July; Treasury Yields Rise Mid-Month

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