Mortgage Rates
Mortgage rates move on Treasury yields, MBS spreads, Fed policy, inflation prints, and lender pricing decisions — often several times in a single day.
Expect daily rate updates, PMMS and MBA survey coverage, primary-secondary spread analysis, and payment math on real loan sizes.
Latest Mortgage Rates coverage
Fed Survey Finds More Families Stretched by Debt Payments Even as Home Equity Grew
The Federal Reserve's 2025 Survey of Consumer Finances, released Oct. 9, shows 8.6% of families spending more than 40% of income on debt payments, the highest share since 2013.
Consumer Sentiment Slips as Inflation Expectations Rise Again
The University of Michigan's preliminary October survey, released Oct. 9, put sentiment at 46.3, down from 48.1, while year-ahead inflation expectations rose to 4.7%.
Mortgage Rates Reach 7.40%, Highest Since November 2023
Freddie Mac's Oct. 8 survey put the 30-year fixed rate at 7.40%, up from 7.28%. It is the seventh straight weekly increase and the highest reading since November 2023.
Fed Minutes and Waller Point to More Rate Hikes, With Flexibility on Timing
Minutes released Oct. 7 show most Fed officials expect another hike by year end. On Oct. 8, Governor Waller said more hikes are likely but need not come at consecutive meetings.
India’s Rate Hike Adds to Global Inflation Pressure as Central Banks Turn Tighter
India’s central bank raised its benchmark interest rate Wednesday for the first time since 2023, signaling that the global inflation problem remains strong enough to push another major economy toward…
MBA: 30-Year Contract Rate Hits 7.49% as Mortgage Applications Fall 4.2%
The Mortgage Bankers Association's survey for the week ending Oct. 2 shows refinance applications down 7.5% and purchase applications down 2.1% as its average conforming rate rose from 7.30%.
Treasury Yields Ease From Multidecade Highs, but Mortgage Pricing Is Still Expensive
The 10-year Treasury slipped Tuesday morning after Monday's 5.31% close and oil eased too. Wednesday's Fed minutes are the next scheduled test for borrowers comparing quotes.
Weak Jobs Report, Stubborn Bond Market: Why Monday Mortgage Pricing Stayed Tight
September payrolls grew by just 29,000, yet the 10-year Treasury yield traded near 5.3% Monday morning. Here is what that means for borrowers comparing quotes ahead of Wednesday's Fed minutes.
Mortgage Week Ahead: Fed Minutes Test a 7% Rate Market
After September payroll growth slowed to 29,000, the Fed's September meeting minutes and a light data calendar will test whether lenders can hold onto Friday's bond-market relief.
10-Year Treasury Hits 24-Year High as Factory Price Gauge Jumps
The benchmark yield touched 5.347% before the ISM release and remained near 5.32% afterward as manufacturers reported a sharp jump in input prices. Mortgage rates do not move one-for-one with Treasur…
PCE Inflation at 3.4%. Treasury Yields Ease Briefly as Spending Stays Hot.
August PCE inflation rose 0.3% for the month and 3.4% from a year earlier, while core PCE rose 0.2% and 3.0%. The 10-year Treasury dipped from about 5.23% to 5.20% after the release, then climbed bac…
Job Openings Fall to 7.08 Million. Mortgage Rates Get Little Relief.
August job openings fell to 7.079 million and September consumer confidence dropped, but the 10-year Treasury remained near 5.25% late Tuesday morning. For mortgage borrowers, softer data did not era…
10-Year Treasury Jumps to 5.23% as Oil Rebounds on Iran Standoff
The benchmark yield moved six basis points above Friday's official close as crude rose after President Trump rejected Iran's proposal to reopen the Strait of Hormuz. Mortgage pricing may face renewed…
New Home Sales Rise 6.4% as Median Price Falls Below $400,000
New home sales rose 6.4% in August to a seasonally adjusted annual rate of 684,000, while the median sales price fell 5.8% from a year earlier to $393,700. Elevated builder inventory, price adjustmen…
Adjustable-Rate Mortgages Reach 9.8% of Applications as Fixed Rates Top 7%
Adjustable-rate mortgages are gaining ground as borrowers look for relief from higher borrowing costs, with ARMs reaching 9.8% of mortgage applications as the average 30-year fixed rate climbed to 7.…
US10Y Is Above 5%. Who’s Selling?
The Iran war is changing the risks investors face. The country data reveals major sellers, but their motivations are more complicated than a flight from America.
Mortgage Applications Slip as MBA’s 30-Year Rate Hits 7.12%
A new weekly survey shows softer borrowing demand. For loan officers, the useful conversation is about payments, costs and the trade-offs behind a lower starting rate.
Mortgage Rates Hover Around 7% as Fall Buyers Face Higher Monthly Payments
Mortgage rates are hovering near 7%, raising monthly payments for homebuyers even as rising inventory, softer prices and slower sales give some buyers more negotiating leverage this fall.
FHA Share of New-Home Mortgage Applications Rises to 35% as Buyer Demand Weakens
FHA loans accounted for 35% of new-home purchase mortgage applications in August as higher rates pressured affordability and overall application volume fell for a fifth straight month.
10-Year Treasury Slips Below 5% on Quiet Monday
The 10-year Treasury yield eased to 4.978% Monday morning, but the 1.9-basis-point move is too small to assume every mortgage lender improved pricing.
Mortgage Week Ahead: New-Home Sales and Treasury Auctions Take the Stage
With no major jobs or inflation report scheduled, loan officers should watch Thursday's new-home-sales data, Friday's durable-goods report, and a three-day Treasury note auction cycle.
Seller Concessions Hit 44.7% as Homebuyers Gain Negotiating Power
Seller concessions appeared in 44.7% of Redfin-represented home sales in the three months ending Aug. 31, as rising inventory and high mortgage rates gave buyers more leverage.
Friday Rate Check: Mortgage Average Hits 6.95% as Treasury Yields Rise
Freddie Mac’s weekly average rose, and Friday’s early Treasury trading offered no clear relief. What loan officers should check before quoting borrowers.
Fed Meeting Today: Mortgage Rates in Focus as Markets Brace for Rate Decision
The Federal Reserve is set to announce its latest interest-rate decision today, with mortgage rates already elevated and bond markets on edge. Here’s what homebuyers, lenders and housing professional…
First-Time Buyers Gain Ground as August Home Sales Fall Below 4 Million
First-time buyers accounted for 30% of existing-home sales in August as inventory increased and overall sales slipped below a 4 million annual pace. Higher mortgage rates remain a major affordability…
FHA, VA and USDA Mortgage Rates Rise Into September but Stay Below Conventional Loans
Government-backed mortgage rates moved higher entering September, but FHA, VA and USDA loans remain priced below conventional mortgages. Here’s how the latest rates compare — and why insurance, fundi…
Fed Rate-Hike Odds Surge After Warsh’s Jackson Hole Speech, Pushing Mortgage Rates Highere
Federal Reserve Chair Kevin Warsh’s Jackson Hole remarks sharply increased expectations for a September rate hike, sending Treasury yields higher and lifting mortgage rates to a three-week high as ma…
Mortgage Rates Hold Near 6.7% as Warsh Keeps Inflation in Focus
Mortgage rates remain near 6.7% as new Federal Reserve Chair Kevin Warsh emphasizes the need for clearer progress on inflation. With the Fed’s next policy decision approaching, mortgage borrowers and…
Pending Home Sales Drop 2.3% in July as Mortgage Rates Pressure Buyers
U.S. pending home sales fell 2.3% in July to their lowest level since January, as higher mortgage rates and elevated home prices weighed on buyer demand across all four major regions.
Mortgage Rates Fall to 6.67%, Ending Five-Week Climb
Mortgage rates declined for the first time in six weeks, with the average 30-year fixed rate falling to 6.67%. The modest drop offers buyers some relief, but borrowing costs remain above early-July l…