30YR Fixed Rate
6.37%
+0.15%
15YR Fixed Rate
5.88%
+0.13%
UMBS 30YR 5.0
99.49
-0.06
10 Year Treasury
4.108
+0.004
  • Home
  • News
    Latest Headlines
    If You're One of Those People Asking How Much Lower Your Mortgage Rate Quote is After Fed Day, This is Required Reading
    Thu, 3:40 PM
    Will September Deja Vu Continue?
    Thu, 4:36 PM
    Internal Audit, Servicing Risk, Rate Reset, Market Analysis Products; Rate's Spanish Program; Fed Cut, Now What?
    Thu, 11:48 AM
    Losing Ground After Stronger Econ Data
    Thu, 9:28 AM
    Fed Day Selling Spree as Press Conference Trumps The Dots
    Wed, 4:44 PM
    News Headlines
    • Home Page
    • View All Headlines
    Newsletters
    • Daily Newsletter
    Popular News Topics
    • Housing News
    • Mortgage Rate Watch
    • MBS Live Commentary
    • Rob Chrisman
    • Video News
    • Around the Web
    View Latest Headlines
    Close Menu  
  • Mortgage Rates
    Current Mortgage Rates
    30 Year Fixed Rate
    6.37% +0.15
    Rate Data
    • Today's Mortgage Rates
    • Compare Rates from Local Lenders
    • MND's Daily Rate Index
    • About MND's Daily Rate Index
    • Freddie Mac | MBA
    • 30 Year | 15 Year
    • Jumbo | FHA | 7/6 SOFR ARM | VA
    • Mortgage Rate Watch | Subscribe
    • Live Market Report (PDF)
    • Rate Volatility Index
    • Rates by State
    • 30YR vs MBS | 30YR vs 10YR
    • 10YR vs MBS
    Mortgage Calculators
    • Payment w/ Amortization
    • Mortgage Loan Comparison
    • Early Payoff
    Rate Commentary
    • Mortgage Rate Watch
    Additional Rate Data
    • 30 Year | 15 Year
    • Jumbo | FHA | 7/6 SOFR ARM | VA
    • Freddie Mac | MBA | FHFA
    • 30YR vs MBS | 30YR vs 10YR
    • 10YR vs MBS
    Additional Charts
    • 30 YR vs. MBS | 30YR Fixed vs. 10YR Tres
    • 30 Yr Fixed vs. 10 YR Treasury
    • 10YR Tres vs. MBS
    Learn About Rates
    • What is a Mortgage?
    • Mortgage Rates Defined
    • What Makes Rates Change?
    • Mortgage Rates and MBS
    • More Questions
    Rate Widgets
    • Mortgage Rates Widgets
    • Mortgage Calculator Widgets
    Widgets
    • Mortgage Rates Widgets
    • Mortgage Calculator Widgets
    Current Mortgage Rates
    Close Menu  
  • MBS
    Today's MBS Prices
    UMBS 30YR 5.0
    99.49 -0.06
    Current Treasury Prices
    10 Year US Treasury
    4.1081 +0.0042
    MBS Data
    • MBS & Treasury Prices
    • Current MBS Prices
    • UMBS | GNMA
    • Treasury Prices
    • 10YR|30YR
    • Yield Curve
    • Current Mortgage Rates
    Market Commentary
    • MBS Market Commentary
    More Charts
    • MBS vs 30 YR Fixed
    • 10YR vs 30 YR Fixed
    Learn About MBS
    • MBS Basics
    • Mortgage Bonds and Securitization
    • MBS and Mortgage Rates
    • The GUTFLOP
    MBS Live
    • MBS Live Features
    • 2 Week Free Trial
    Today's MBS Prices
    Close Menu  
  • Housing Data
    Housing Production
    • Building Permits
    • Housing Starts
    • Under Construction
    • Housing Completions
    • NAHB Builder Confidence
    Home Sales
    • New Home Sales
    • Existing Home Sales
    • Pending Home Sales
    Home Prices
    • FHFA Home Price Index
    • S&P Case Shiller Index
    • New Home Prices
    • Existing Home Prices
    Homeownership
    • Vacancy Rate
    • Homeownership Rate
    Mortgages
    • Mortgage Applications
    Close Menu  
  • Share
  • Subscribe
  • Home
  • News
    • Top News
    • Latest Headlines
    • Mortgage Rate Watch
    • MBS Commentary
    • Rob Chrisman
    • Video News
    • Around the Web
    • Other
    • Daily Newsletter
  • Mortgage Rates
    • Mortgage Rates
    • Today's Mortgage Rates
    • Mortgage Rate Wach
    • Mortgage Calculators
      • Mortgage Payment w/ Amortization
      • Mortgage Loan Comparison
      • Early Payoff
    • Learn About Rates
      • What is a Mortgage?
      • Mortgage Rates Defined
      • What Makes Rates Change?
      • Mortgage Rates and MBS
      • More Questions
    • More Data
      • Rate Volatility Index
      • 30 YR Fixed vs. MBS
      • 30 Yr Fixed vs. 10 YR Treasury
      • 10 YR Treasury vs. MBS
    • Rate Surveys
      • Mortgage News Daily
      • Freddie Mac
      • MBA
    • Rates by Loan Type
      • 30 YR Fixed
      • 15 YR Fixed
      • 30 YR Jumbo
      • 30 YR FHA
      • 7/6 SOFR ARM
      • 30 YR VA
  • MBS
    • Today's MBS Prices
    • Treasury Yields
      • 10 Year
      • 30 Year
      • All Treasuries
    • MBS Commentary
    • Charts
      • MBS vs 30 YR Fixed
      • 10YR vs 30 YR Fixed
      • Yield Curve
    • Learn About MBS
      • MBS Basics
      • Mortgage Backed Bonds and Securitization
      • MBS and Mortgage Rates
      • The GUTFLOP
    • MBS Live
  • Housing Data
    • Housing Production
      • Building Permits
      • Housing Starts
      • Under Construction
      • Housing Completions
      • NAHB Builder Confidence
    • Home Sales
      • New Home Sales
      • Existing Home Sales
      • Pending Home Sales
    • Home Prices
      • FHFA Home Price Index
      • S&P Case Shiller Index
      • New Home Prices
      • Existing Home Prices
    • Homeownership
      • Vacancy Rate
      • Homeownership Rate
    • Mortgages
      • Mortgage Applications
Daily Newsletter - FREE
Delivered to over 70,000+ industry professionals each day, the Daily Newsletter is the definitive recap of the day's most relevant mortgage and real estate news and data. View the latest Newsletter below.
Most Recent     VIEW ALL »
Subscribe to our Daily Newsletter
It's FREE, and always will be.
  • Delivered to over 70,000+ Industry Professionals and Consumers Daily
  • Recaps the Day's Latest News and Market Commentary
  • Mortgage Rate and MBS / Treasury Price Summary
Most Recent     VIEW ALL »
Newsletter Preview
View our most recent newsletter below, or use the date selector to view past newsletters.
It's day two of mortgage rates surging higher--now back to the highest levels in 2 weeks (the day before the September 5th jobs report). The juxtaposition of yesterday's Fed rate cut and the sudden mortgage rate spike is incredibly confusing to most of the population, so let's clear it up. SHORT VERSION:   The Fed Funds Rate (FFR) doesn't dictate mortgage rates The FFR only changes on Fed announcement days, 8 times a year.  It changes in response to various economic reports and events. Mortgage rates change daily and the bonds that drive mortgage rates change in real-time throughout the day.  That means mortgage rates can drop for all the same reasons that drove yesterday's rate cut. Because those reasons were already in play well before yesterday, mortgage rates had already responded to them well before yesterday. Bottom line: the Fed Funds Rate and mortgage rates dropped for the same reasons, but mortgage rates got to do it sooner because they move more nimbly.  LONG VERSION: We've written and re-written the long version too many times to count.  Here is one of the most evergreen examples: https://www.mortgagenewsdaily.com/markets/mortgage-rates-09212022 SPECIAL NOTE REGARDING OTHER NEWS STORIES SAYING RATES ARE LOWER: There are an unfortunate number of news articles out there today that claim mortgage rates are LOWER.  This is due to Freddie Mac's weekly rate survey dropping to 6.26 from 6.35 last week. Freddie's rate is an average of the 5 days ending yesterday, so 80% of the input is comprised of the lowest rates in a long time.  News organizations then quote the survey and give the impression that this week's rates are lower than last week's.
MND logo
September 18, 2025
Download our Mobile App:
Download from Google Play
Download from Apple App Store
View the QR Code
Download our Mobile App:
Download from Google Play
Download from Apple App Store
30 Yr. Fixed
6.37% +0.15%  
6.13%
7.26%
15 Yr. Fixed
5.88% +0.13%  
5.54%
6.59%
30 Yr. Jumbo
6.25% +0.11%  
6.14%
7.45%
Compare Mortgage Rates from Local Lenders for Sep 18, 2025
If You're One of Those People Asking How Much Lower Your Mortgage Rate Quote is After Fed Day, This is Required Reading
Thu, Sep 18, 2025 3:40PM
It's day two of mortgage rates surging higher--now back to the highest levels in 2 weeks (the day before the September 5th jobs report). The juxtaposition of yesterday's Fed rate cut and the sudden mortgage rate spike is incredibly confusing to most of the population, so let's clear it up. SHORT VERSION:   The Fed Funds Rate (FFR) doesn't dictate mortgage rates The FFR only changes on Fed announcement days, 8 times a year.  It changes in response to various economic reports and events. Mortgage rates change daily and the bonds that drive mortgage rates change in real-time th... (read more)
Mortgage News Daily Rate Change Points
30 Yr. Fixed 6.37% +0.15 0.00
15 Yr. Fixed 5.88% +0.13 0.00
30 Yr. FHA 6.05% +0.10 0.00
30 Yr. Jumbo 6.25% +0.11 0.00
7/6 SOFR ARM 5.77% +0.12 0.00
30 Yr. VA 6.07% +0.09 0.00
Updates Daily - Last Update: 9/18
Freddie Mac Rate Change Points
30 Yr. Fixed 6.26% -0.09 0.00
15 Yr. Fixed 5.41% -0.09 0.00
Updates Weekly - Last Update: 9/18
Mortgage Bankers Assoc.
30 Yr. Fixed 6.49% -0.15 0.56
15 Yr. Fixed 5.70% -0.14 0.55
30 Yr. Jumbo 6.44% -0.14 0.48
Updates Weekly - Last Update: 9/10
UMBS 30YR 5.0
99.54 -0.04  
95.05
100.47
UMBS 30YR 5.5
101.07 +0.04  
97.47
101.61
10 YR Treasury
4.104 +0.023  
3.706
4.780
Losing Ground After Stronger Econ Data
Thu, Sep 18, 2025 9:28AM
This morning's economic reports (jobless claims and Philly Fed) are not notoriously big market movers, but many analysts gave ample credit to Claims for driving last Thursday morning's rally.  Now today, claims are right back in line with the same low levels from 2 weeks ago.  Continued Claims are also much lower than expected, including a friendly... (read more)
MBS Price Change
UMBS 4.5 97.40 -0.22
UMBS 5.0 99.49 -0.10
UMBS 5.5 101.06 +0.03
GNMA 4.5 97.50 -0.52
GNMA 5.0 99.73 -0.10
GNMA 5.5 100.89 +0.00
Pricing as of: 9/18 8:35PM EST
US Treasury Yield Change
2 YR Treasury 3.569 +0.006
5 YR Treasury 3.667 +0.011
7 YR Treasury 3.857 +0.018
10 YR Treasury 4.112 +0.031
30 YR Treasury 4.720 +0.033
Pricing as of: 9/18 8:35PM EST
Other News
Internal Audit, Servicing Risk, Rate Reset, Market Analysis Products; Rate's Spanish Program; Fed Cut, Now What?
Thu, Sep 18, 2025 11:48AM
JPMorgan Chase, Citigroup, Wells Fargo and Bank of America, PNC Bank, N.A. and others announced a decrease in its prime lending rate to 7.25 percent, effective today, Sept. 18. As expected, the U.S. Federal Reserve cut the overnight Fed Funds rate by .250. Stephen Miran, who was sworn in just before the two-day policy meeting and is remaining a White House e... (read more)
Latest Video
Mortgage rates up after Fed rate cut
Fed Chair Powell: High rates have burdened the housing industry
Leading economic indicators +0.5% vs. -0.2% estimated
Jobless claims return to norm after one-week spike
Around the Web
Marketwatch
Surge in jobless claims unwinds after recent spike. Layoffs still low.
Eye on Housing
The Fed Cuts and Projects More Easing to Come
Calculated Risk Blog
Lawler: Early Read on August Existing Home Sales, and Update on Mortgage/MBS Yields and Spreads
CNBC
Mortgage refinance demand spikes nearly 60%, as interest rates drop sharply
CNBC
Fed approves quarter-point interest rate cut and sees two more coming this year
CNBC
Treasury yields dip as investors evaluate Fed's latest interest rate decision
Calculated Risk Blog
"A Dirty Little Secret"
Reuters
US single-family housing starts, building permits drop in August
Eye on Housing
Builder Confidence Steady but Future Sales Expectations Hit Six-Month High
CNBC
Treasury yields trade cautiously ahead of Federal Reserve's rate call this week
Seeking Alpha
U.S. retail sales strengthen more than consensus in August
CNBC
Treasury yields little changed as investors await the Feds interest rate decision
Calculated Risk Blog
Industrial Production Increased 0.1% in August
© 2025  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.
Today's Mortgage Rates  |  Mortgage Calculators
9/18/2025
30 Yr. Fixed Rate
6.37%
+0.15%
0.00
MBS & Treasury Prices
UMBS 30YR 5.0
99.48
-0.06
10 Year US Treasury
101.381
+0.004
HOME
MORTGAGE RATES
MARKET DATA
MORTGAGE CALCULATOR
NEWSLETTERS
MBS LIVE

Home

  • Home Page

Popular

  • Mortgage Rates
  • MBS Prices
  • Mortgage Calculators
  • Co-branding

Stay Informed

  • Download our Mobile App
  • Daily Email Newsletter
  • MBS Live

Support

  • Contact Us
  • Search
  • FAQs
  • Learn

Popular

  • Home Page
  • Mortgage Rates
  • MBS Prices
  • Mortgage Calculators
  • Housing Data
© 2025 - Mortgage News Daily, LLC.  |  Terms of Use  |  Privacy Policy