Mortgage rates had a great day yesterday, moving within 0.01% of the lowest levels in more than a month. They dropped just a bit more today and are now officially the lowest they've been since May 14th.  Today's improvement was more of an afterthought, but nonetheless helps legitimize yesterday's heavy lifting as something other than a freak coincidence. The only word of caution is that the last few weeks of any given quarter can see elevated volatility in a random pattern due to considerations in the trading world (mortgages are ultimately based on trading levels in the bond market). In terms of nuts and bolts, bonds got today's modest boost after PCE inflation data came in on target. This doesn't seem like something that should spark a reaction, but the "target" is merely a median forecast. Some traders may have been expecting hotter inflation and were thus willing to buy a few bonds when those fears didn't materialize. 

June 25, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.53% -0.02%   5.99% 6.85% 15 Yr. Fixed 6.12% -0.03%   5.55% 6.25% 30 Yr. Jumbo 6.77% -0.02%   6.1% 6.93% Compare Mortgage Rates from Local Lenders for Jun 25, 2026 Lowest Mortgage Rates Since May 14th Thu, Jun 25, 2026 1:45PM Mortgage rates had a great day yesterday, moving within 0.01% of the lowest levels in more than a month. They dropped just a bit more today and are now officially the lowest they've been since May 14th.  Today's improvement was more of an afterthought, but nonetheless helps legitimize yesterday's heavy lifting as something other than a freak coincidence. The only word of caution is that the last few weeks of any given quarter can see elevated volatility in a random pattern due to considerations in the trading world (mortgages are ultimately based on trading levels in the bond market). I... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.53% -0.02 0.00 15 Yr. Fixed 6.12% -0.03 0.00 30 Yr. FHA 6.10% -0.05 0.00 30 Yr. Jumbo 6.77% -0.02 0.00 7/6 SOFR ARM 6.23% +0.01 0.00 30 Yr. VA 6.12% -0.05 0.00 Updates Daily - Last Update: 6/25 Freddie Mac Rate Change Points 30 Yr. Fixed 6.49% +0.02 0.00 15 Yr. Fixed 5.84% +0.03 0.00 Updates Weekly - Last Update: 6/25 Mortgage Bankers Assoc. 30 Yr. Fixed 6.60% 0.00 0.63 15 Yr. Fixed 6.02% +0.03 0.65 30 Yr. Jumbo 6.62% -0.04 0.57 Updates Weekly - Last Update: 6/17 UMBS 30YR 5.0 98.63 +0.11   96.76 100.50 UMBS 30YR 5.5 100.56 +0.09   98.96 101.64 10 YR Treasury 4.391 +0.004   3.948 4.668 Decent Start After PCE Comes in On-Target Thu, Jun 25, 2026 8:59AM The PCE price index may be a less timely report than CPI/PPI when it comes to measuring inflation in the U.S., but it's more thorough and has stronger implications for Fed policy. Traders were apparently braced for today's number to be a bit hotter. Bonds rallied moderately after core monthly PCE came in as-expected at 0.3%. Annual inflation is running at 4.... (read more) MBS Price Change UMBS 4.5 96.38 +0.16 UMBS 5.0 98.60 +0.08 UMBS 5.5 100.54 +0.08 GNMA 4.5 96.42 +0.11 GNMA 5.0 98.92 +0.07 GNMA 5.5 100.61 +0.07 Pricing as of: 6/25 3:24PM EST US Treasury Yield Change 2 YR Treasury 4.119 -0.030 5 YR Treasury 4.164 -0.015 7 YR Treasury 4.264 -0.008 10 YR Treasury 4.393 +0.006 30 YR Treasury 4.858 +0.020 Pricing as of: 6/25 3:24PM EST Other News Borrower Retention, AI Governance, Jumbo Products; Borrower Recapture Trends; MLO Opportunity Thoughts Thu, Jun 25, 2026 11:18AM Around the country, originators seem less focused on the housing bill signing ceremony postponement than on “opportunity.” There are opportunities, but not for every LO. There is the opportunity (and goal) of senior management to make their company immune from economic and world political turmoil. There is the opportunity to anchor the business to things tha... (read more) Latest Video New home sales decline in May Sen. Blunt Rochester on bipartisan housing bill: Over 40 provisions will at... How the U.S.-Iran deal could affect gas prices and interest rates Watch CNBC's full interview with White House National Economic Council Dire... Around the Web CNBC Core inflation rate hit 3.4% in May, highest since October 2023, Feds preferred gauge shows Eye on Housing PCE Inflation Hits 3-Years High in May BBC Trump cancels signing of landmark bipartisan bill aimed at lowering housing costs Investing Live US initial jobless claims 215K vs 225K estimate. Continuing claims 1.821M vs 1.800M est MBA Mortgage Applications Increase in Latest MBA Weekly Survey CNBC Treasury yields dip as oil falls to pre-war levels Investing Live US GDP final Q1 2.1% versus 1.6% estimate CNBC Factory job cuts reported around financial crisis and Covid levels for June, S&P says CNBC Iraq piles pressure on OPEC over quota dispute after UAE exit BLS Producer Price Index up 6.5 percent over year ending May 2026 CNBC Atlanta Fed pick emerges as key opportunity for Warsh to reshape the central bank Investing Live US treasury so $69 billion of two-year notes at a high yield of 4.189% CNBC Treasury yields edge higher as investors await key inflation data

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