Mortgage rates have moved higher at a moderate pace over the past 2 days as tensions between The U.S. and Iran see a resurgence. As far as the underlying bond market is concerned, most of the damage was done yesterday. But today's news added emphasis when Trump declared the ceasefire to be over. Rates are based on bonds, but mortgage lenders prefer to set rates once per day and only change them if bonds make a big enough intraday move. That meant the average lender had to play some catch-up with bond market movement this morning.   All that to say that bonds didn't have nearly as rough of a day today even though mortgage rates rose just a bit more than they did yesterday. Perhaps that offers some hint that the underlying market may be reaching some sort of supportive ceiling, but it really depends on exactly how much the war re-escalates. The average top-tier 30yr fixed rate is back up to 6.68%, matching its second highest level in more than 10 months. May 19th's level of 6.75% is the official 10-month high. [thirtyyearmortgagerates]

July 8, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.68% +0.05%   5.99% 6.85% 15 Yr. Fixed 6.22% +0.05%   5.55% 6.25% 30 Yr. Jumbo 6.82% +0.04%   6.1% 6.93% Compare Mortgage Rates from Local Lenders for Jul 8, 2026 Mortgage Rates Back Up Near 10-Month Highs Wed, Jul 8, 2026 3:03PM Mortgage rates have moved higher at a moderate pace over the past 2 days as tensions between The U.S. and Iran see a resurgence. As far as the underlying bond market is concerned, most of the damage was done yesterday. But today's news added emphasis when Trump declared the ceasefire to be over. Rates are based on bonds, but mortgage lenders prefer to set rates once per day and only change them if bonds make a big enough intraday move. That meant the average lender had to play some catch-up with bond market movement this morning.   All that to say that bonds didn't have nearly as r... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.68% +0.05 0.00 15 Yr. Fixed 6.22% +0.05 0.00 30 Yr. FHA 6.25% +0.05 0.00 30 Yr. Jumbo 6.82% +0.04 0.00 7/6 SOFR ARM 6.31% -0.01 0.00 30 Yr. VA 6.27% +0.05 0.00 Updates Daily - Last Update: 7/8 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 97.72 -0.07   96.76 100.50 UMBS 30YR 5.5 99.98 -0.05   98.96 101.64 10 YR Treasury 4.563 +0.011   3.948 4.668 Only Modestly Weaker After Trump Says Ceasefire is Over Wed, Jul 8, 2026 9:27AM Iran-related headlines have jumped back to the realm of relevance this week and Wednesday morning's overnight session kicked things up another notch. Trump declared the ceasefire to be over and is currently saying peace deal negotiations may not even continue. Markets definitely reacted with oil and Treasury yields spiking overnight. The interesting part is ... (read more) MBS Price Change UMBS 4.5 95.19 -0.12 UMBS 5.0 97.66 -0.14 UMBS 5.5 99.92 -0.11 GNMA 4.5 95.24 -0.36 GNMA 5.0 98.08 -0.10 GNMA 5.5 100.19 -0.10 Pricing as of: 7/8 4:49PM EST US Treasury Yield Change 2 YR Treasury 4.211 +0.022 5 YR Treasury 4.319 +0.031 7 YR Treasury 4.443 +0.028 10 YR Treasury 4.576 +0.025 30 YR Treasury 5.073 +0.020 Pricing as of: 7/8 4:49PM EST Other News AI, AMC, Analytic, Equity, Correspondent Products; Lennar's Lawsuit; Oil Hits Rates (Again) Wed, Jul 8, 2026 12:01PM STRATMOR Group has opened participation for its 2026 Compensation Connection® Study, providing mortgage-specific insights into compensation components, incentive plan structures, compensation percentiles, and more. (Compensation Connection focuses exclusively on mortgage banking, with benchmark comparisons by lender type, size, region, and national averages,... (read more) Latest Video May wholesale inventories miss estimates Warsh's task forces to reshape the Federal Reserve NY Fed: Short- and medium-term inflation expectations rise Trade deficit spiked in May but slightly below forecast Around the Web CNBC Fed officials were split on direction of interest rates at last meeting, minutes show CNBC Fed meeting minutes to show 'family fight' over rates. The squabble could drag on for a while Investing Live US sells 10-year notes 4.580% vs 4.586% WI CNBC U.S. Treasury yields soar after Donald Trump says Iran ceasefire is over CNBC Weekly mortgage demand drops as rates remain stuck in a narrow range Investing Live US treasury sells $69 billion dollars of three or noted a high yield of 4.179% CNBC U.S. revokes Iran oil sanctions waiver after tanker attacks CNBC Oil prices rise after report of Iranian attack on commercial ships in Strait of Hormuz Eye on Housing Residential Construction Employment Concentrated in Rural and Smaller-Market Counties Investing Live Fed's Williams sees steady trend-like growth for the US economy Federal Reserve Waller - Two Thoughts on the Transmission of Monetary Policy CNBC Strait of Hormuz threat level raised to 'severe' after Iran attacks tankers using U.S. Navy route Investing Live US ISM Non-Manufacturing PMI for June 54.0 vs 54.0 estimate

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