In a real sense, today's rate update is more of an addendum to yesterday's rate update. Yesterday afternoon saw heavy, continued selling in the bond market amid a flood of trading associated with the end of the quarter. Because mortgage rates are directly based on the bond market, this resulted in multiple lenders raising rates late in the day (after yesterday's update).  Today has been much calmer by comparison with bonds holding fairly close to yesterday's latest levels after some early weakness. Even so, there was still some weakness for mortgage lenders to account for. From yesterday morning, the average lender is up 0.11% on a top tier 30yr fixed quote.   If we adjust yesterday afternoon to account for the late day reprices, today's rates are, instead, 0.05% higher. Either way, we're currently back in line with the highs from the beginning of last week, but still below the highs from early June or mid-May.

July 1, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.65% +0.11%   5.99% 6.85% 15 Yr. Fixed 6.19% +0.07%   5.55% 6.25% 30 Yr. Jumbo 6.80% +0.05%   6.1% 6.93% Compare Mortgage Rates from Local Lenders for Jul 1, 2026 Mortgage Rates Jump to Highest Levels in a Week Wed, Jul 1, 2026 3:15PM In a real sense, today's rate update is more of an addendum to yesterday's rate update. Yesterday afternoon saw heavy, continued selling in the bond market amid a flood of trading associated with the end of the quarter. Because mortgage rates are directly based on the bond market, this resulted in multiple lenders raising rates late in the day (after yesterday's update).  Today has been much calmer by comparison with bonds holding fairly close to yesterday's latest levels after some early weakness. Even so, there was still some weakness for mortgage lenders to account for. From yesterday... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.65% +0.11 0.00 15 Yr. Fixed 6.19% +0.07 0.00 30 Yr. FHA 6.22% +0.13 0.00 30 Yr. Jumbo 6.80% +0.05 0.00 7/6 SOFR ARM 6.35% +0.14 0.00 30 Yr. VA 6.24% +0.12 0.00 Updates Daily - Last Update: 7/1 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 6.59% -0.01 0.63 15 Yr. Fixed 6.02% 0.00 0.69 30 Yr. Jumbo 6.52% -0.10 0.58 Updates Weekly - Last Update: 6/24 UMBS 30YR 5.0 98.04 -0.07   96.76 100.50 UMBS 30YR 5.5 100.19 -0.03   98.96 101.64 10 YR Treasury 4.481 +0.015   3.948 4.668 Tuesday Sell-Off Sticking; Warsh and ISM On Deck Wed, Jul 1, 2026 9:28AM Bonds have added modestly to Tuesday's big quarter-end sell-off (a phenomenon that has nothing to do with the sorts of fundamental developments that dictate a vast majority of market movement). Thankfully, the random plumbing-related volatility is behind us as we begin the new quarter. Old-school potential volatility awaits. The morning's first order of busi... (read more) MBS Price Change UMBS 4.5 95.63 -0.05 UMBS 5.0 98.04 -0.07 UMBS 5.5 100.19 -0.03 GNMA 4.5 95.84 -0.14 GNMA 5.0 98.38 -0.05 GNMA 5.5 100.34 -0.01 Pricing as of: 7/1 7:00PM EST US Treasury Yield Change 2 YR Treasury 4.174 -0.002 5 YR Treasury 4.235 +0.006 7 YR Treasury 4.351 +0.013 10 YR Treasury 4.481 +0.015 30 YR Treasury 4.972 +0.009 Pricing as of: 7/1 7:00PM EST Other News Accounting, AllReg's AI Tools; Isaac Boltansky Interview; CRA Stats; STRATMOR on LO Trust Wed, Jul 1, 2026 11:04AM We find ourselves in the 3rd quarter of 2026. The stock market has made the headlines, but between a) the reduction in the number of publicly held companies, and b) the weight given to AI-related stocks, it is worth reminding everyone that the stock market is not the economy. Economies are complex, as are countries. Did you know that more Europeans die each ... (read more) Latest Video Fed Chairman Warsh: Inflation expectations and risks have come down Kevin Warsh is very much focused on AI's impact to labor markets, says Fed'... Younger buyers are driving luxury real estate demand, says Serhant's Zaitze... June Chicago PMI comes in at 56.7, beating estimates Around the Web CNBC Demand for riskier mortgages drops, as their advantages shrink CNBC Fed Chief Kevin Warsh set to give view on rates, central bank overhaul at ECB forum: Live updates CNBC Private payrolls rose by 98,000 in June, less than expected, ADP reports CNBC GM reports 4.2% decline in Q2 U.S. sales as EV demand falls Marketwatch Oil posts largest quarterly price drop in 6 years as historic supply crunch eases Investing Live US ISM Manufacturing PMI for June 53.3 versus 54.0 estimate Realtor.com Home Value Growth Flatlines But Northeast and Midwest Outperform CNBC U.S. auto industry faces more uncertainty without extension of USMCA trade deal Eye on Housing Consumer Confidence Inched Up in June S&P Global US manufacturing growth expands solidly despite renewed fall in employment and waning optimism Eye on Housing Construction Job Openings Increase CNBC U.S. Treasury yields edge higher as investors await Fed Chair Warshs talks in Europe Investing Live US construction spending for May 0.1% versus 0.1% expected

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