It's been a while since oil prices were the focal point of the interest rate conversation, but that recently familiar dynamic is once again playing out. The U.S./Iran peace deal is on increasingly shaky ground and the ability for oil to flow through the Strait of Hormuz has been increasingly compromised over the past 24 hours. Most recently, headlines suggest the U.S. is withdrawing authorization for Iran to export oil after Iran's recent attacks on cargo vessels. Rising oil prices imply higher inflation. Higher inflation leads to higher rates, all else equal. At the time of this article, the net effect on mortgage rates is modest with the top tier 30yr fixed rate only up 0.04% for the average lender. That said, many lenders may issue late day changes that push rate even higher.  [thirtyyearmortgagerates]

July 7, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.63% +0.04%   5.99% 6.85% 15 Yr. Fixed 6.17% +0.01%   5.55% 6.25% 30 Yr. Jumbo 6.78% +0.03%   6.1% 6.93% Compare Mortgage Rates from Local Lenders for Jul 7, 2026 Rates Move Back Up With Oil Prices Tue, Jul 7, 2026 2:53PM It's been a while since oil prices were the focal point of the interest rate conversation, but that recently familiar dynamic is once again playing out. The U.S./Iran peace deal is on increasingly shaky ground and the ability for oil to flow through the Strait of Hormuz has been increasingly compromised over the past 24 hours. Most recently, headlines suggest the U.S. is withdrawing authorization for Iran to export oil after Iran's recent attacks on cargo vessels. Rising oil prices imply higher inflation. Higher inflation leads to higher rates, all else equal. At the time of this article, the... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.63% +0.04 0.00 15 Yr. Fixed 6.17% +0.01 0.00 30 Yr. FHA 6.20% +0.03 0.00 30 Yr. Jumbo 6.78% +0.03 0.00 7/6 SOFR ARM 6.32% +0.07 0.00 30 Yr. VA 6.22% +0.03 0.00 Updates Daily - Last Update: 7/7 Freddie Mac Rate Change Points 30 Yr. Fixed 6.43% -0.06 0.00 15 Yr. Fixed 5.79% -0.05 0.00 Updates Weekly - Last Update: 7/2 Mortgage Bankers Assoc. 30 Yr. Fixed 6.57% -0.02 0.65 15 Yr. Fixed 6.00% -0.02 0.75 30 Yr. Jumbo 6.52% 0.00 0.38 Updates Weekly - Last Update: 7/1 UMBS 30YR 5.0 98.01 -0.33   96.76 100.50 UMBS 30YR 5.5 100.24 -0.15   98.96 101.64 10 YR Treasury 4.524 +0.054   3.948 4.668 Modest Pressure, Light Data Tue, Jul 7, 2026 9:46AM From summertime Monday to summertime Tuesday... Yesterday's modest strength is now erased by today's modest weakness. In both cases, the movement is too small to worry about obvious catalysts, though some may assume that there's an oil price component following Iran's attacks on commercial ships in The Strait. A separate consideration would be Amazon filing ... (read more) MBS Price Change UMBS 4.5 95.55 -0.35 UMBS 5.0 98.03 -0.30 UMBS 5.5 100.23 -0.17 GNMA 4.5 95.69 -0.37 GNMA 5.0 98.39 -0.26 GNMA 5.5 100.45 -0.11 Pricing as of: 7/7 3:29PM EST US Treasury Yield Change 2 YR Treasury 4.152 +0.045 5 YR Treasury 4.249 +0.052 7 YR Treasury 4.378 +0.049 10 YR Treasury 4.522 +0.052 30 YR Treasury 5.037 +0.050 Pricing as of: 7/7 3:29PM EST Other News Servicing, Processing Support, AI Tools ; Lenders Focusing on Consumers; Thoughts on UAD 3.6 Tue, Jul 7, 2026 10:54AM During a recent trip overseas, I spoke to a banker who stated, “Technology doesn’t stop at the border.” True. The days of writing out this Commentary or taking an app on a yellow pad of paper are long gone. Today has the STRATMOR Group’s Advisory Angle at 11AM PT. STRATMOR Senior Partners Garth Graham and Nicole Yung explore the latest findings from STRATMOR... (read more) Latest Video NY Fed: Short- and medium-term inflation expectations rise Trade deficit spiked in May but slightly below forecast Energy Treasury Department authorizes Iranian oil sales under 60-day licens... U.S. factory orders fall 1.3% in May Around the Web Investing Live US treasury sells $69 billion dollars of three or noted a high yield of 4.179% Investing Live Fed's Williams sees steady trend-like growth for the US economy Eye on Housing Residential Construction Employment Concentrated in Rural and Smaller-Market Counties CNBC Oil prices rise after report of Iranian attack on commercial ships in Strait of Hormuz Federal Reserve Waller - Two Thoughts on the Transmission of Monetary Policy Eye on Housing Top Ten Builder Market ShareFalls in 2025 CNBC U.S. economy added 57,000 jobs in June, less than expected; unemployment rate at 4.2% Investing Live US ISM Non-Manufacturing PMI for June 54.0 vs 54.0 estimate Eye on Housing Residential Construction Spending Increases in May Due to Remodeling CNBC U.S. Treasury yields rise as investors await June jobs report CNBC GM reports 4.2% decline in Q2 U.S. sales as EV demand falls Investing Live US S&P Global composite index for June 51.9 versus 52.2 preliminary and 51.5 last month Investing Live US construction spending for May 0.1% versus 0.1% expected

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