Mortgage rates dropped noticeably on Thursday on a combination of lower oil prices and a lower inflation reading via the Producer Price Index (PPI). Rates are driven by bonds and bonds are highly responsive to the outlook for inflation and the economy. The Iran war caused inflation implications to spike and the periodic relief in fuel prices has coincided with bond market improvement (and lower rates). The official inflation data is just another form of the same benefit. Fuel prices are just one aspect of inflation--albeit a critical one, but they're more of a leading indicator. In contrast, big government data like PPI and yesterday's CPI (Consumer Price Index) help the market more accurately measure the true impact of fuel prices. PPI was only slightly lower than expected, but that was enough to account for most of today's improvement in rates. Top tier 30yr fixed rates fell 0.05% to 6.69% for the average lender. That's the lowest reading since July 17th--just one day shy of 4 weeks ago. [thirtyyearmortgagerates]

August 13, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.69% -0.05%   5.99% 6.85% 15 Yr. Fixed 6.26% -0.01%   5.55% 6.34% 30 Yr. Jumbo 6.83% -0.02%   6.1% 6.92% Compare Mortgage Rates from Local Lenders for Aug 13, 2026 Lowest Mortgage Rates in Nearly 4 Weeks Thu, Aug 13, 2026 4:07PM Mortgage rates dropped noticeably on Thursday on a combination of lower oil prices and a lower inflation reading via the Producer Price Index (PPI). Rates are driven by bonds and bonds are highly responsive to the outlook for inflation and the economy. The Iran war caused inflation implications to spike and the periodic relief in fuel prices has coincided with bond market improvement (and lower rates). The official inflation data is just another form of the same benefit. Fuel prices are just one aspect of inflation--albeit a critical one, but they're more of a leading indicator. In contrast, ... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.69% -0.05 0.00 15 Yr. Fixed 6.26% -0.01 0.00 30 Yr. FHA 6.28% -0.01 0.00 30 Yr. Jumbo 6.83% -0.02 0.00 7/6 SOFR ARM 6.29% -0.01 0.00 30 Yr. VA 6.29% -0.02 0.00 Updates Daily - Last Update: 8/13 Freddie Mac Rate Change Points 30 Yr. Fixed 6.67% -0.02 0.00 15 Yr. Fixed 5.96% -0.05 0.00 Updates Weekly - Last Update: 8/13 Mortgage Bankers Assoc. 30 Yr. Fixed 6.81% +0.05 0.65 15 Yr. Fixed 6.13% -0.02 0.73 30 Yr. Jumbo 6.72% +0.02 0.52 Updates Weekly - Last Update: 8/5 UMBS 30YR 5.5 99.61 +0.33   98.89 101.64 UMBS 30YR 6.0 101.60 +0.24   101.05 102.75 10 YR Treasury 4.643 -0.053   3.948 4.736 Thank You PPI Thu, Aug 13, 2026 9:51AM If nothing else, this morning offers confirmation of just how nervous the market is about inflation. The producer price index barely beat its forecast (in fact y/y CORE PPI was on the screws), but this was enough for bonds to add on to modest overnight gains in a modestly enthusiastic way.  We almost never see this much of a reaction to this small of a ... (read more) MBS Price Change UMBS 5.0 97.28 +0.40 UMBS 5.5 99.61 +0.33 UMBS 6.0 101.60 +0.24 GNMA 5.0 97.69 +0.29 GNMA 5.5 100.00 +0.13 GNMA 6.0 102.00 +0.17 Pricing as of: 8/13 7:11PM EST US Treasury Yield Change 2 YR Treasury 4.147 -0.052 5 YR Treasury 4.312 -0.066 7 YR Treasury 4.466 -0.063 10 YR Treasury 4.643 -0.053 30 YR Treasury 5.214 -0.046 Pricing as of: 8/13 7:11PM EST Other News Home Buyer Aid, eClosing, Marketing tools; Texas Insurance Study; Spec Pool Price Volatility Thu, Aug 13, 2026 11:45AM Innovation, compliance, and affordability were key themes at this week’s Western Secondary. At the state level, for example, Kinder Institute report shows homeowners insurance has become a growing barrier to housing affordability across Texas. As Texas leaders search for ways to rein in soaring homeowner insurance costs, new research suggests premiums are pl... (read more) Latest Video Wholesale prices were flat in July, below expectations for 0.2% increase Consumer prices rose 0.1% in July, as expected, putting the annual rate at ... July existing home sales dropped 1.7% NY Fed: Total household debt balances down slightly in Q2 Around the Web Investing Live Fed's Barkin: It's hard to know whether policy is restrictive given standard errors in models Eye on Housing Homeownership Rate Edges Down to 65% CNBC New federal rules could end mortgage escrow interest for some homeowners. States are suing to block them Richmond Fed Barkin - The Mysterious U.S. Economy Investing Live Fed's Hammack: Need some restraint from mon pol to bring down inflation CNBC Here's the inflation breakdown for July 2026 in one chart Investing Live US treasury sells 10 year notes at a high yield of 4.683% CNBC Wholesale prices were flat in July, below expectations for 0.2% increase CNBC U.S. budget deficit surged in July to highest level since March 2021 Investing Live US initial claims for the current week 209K vs 202K estimate CNBC Treasury yields dip as Wall Street awaits wholesale inflation data CNBC Saudi Arabia ramps oil exports through Mediterranean pipeline to avoid attacks in Red Sea Eye on Housing Building Material Prices Show Growth In July

© 2026  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: [recipientemail]. Go here to UNSUBSCRIBE from this email.