While Freddie Mac's weekly mortgage rate survey may show rates moving slightly lower this week, today's rates are actually higher than they were at the same time last week (6.76% vs 6.69%). Financial news continued to focus on yesterday's announcement of Treasury buybacks after Secretary Bessent spoke on CNBC this morning, but today's bump in rates had more to do with fuel prices. Treasury yields serve as an almost perfect proxy for intraday rate movement with 10yr yields often seen as the most common at-a-glance benchmark for mortgage rate movement (i.e. they tend to move in the same direction by roughly similar amounts). 10yr yields and oil prices were at the lows of the day at 1am. Oil rose fairly quickly through 8am ET and Treasury yields followed. Both peaked at exactly the same time and then remained broadly sideways all day. This isn't as scandalous or interesting as pretending today's rising rates had something to do with market backlash over the Treasury announcement, but it's the more accurate way to make sense of the day-over-day movement.

August 20, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.76% +0.04%   5.99% 6.85% 15 Yr. Fixed 6.30% +0.03%   5.55% 6.34% 30 Yr. Jumbo 6.87% +0.02%   6.1% 6.92% Compare Mortgage Rates from Local Lenders for Aug 20, 2026 Highest Mortgage Rates in Just Over a Week Thu, Aug 20, 2026 4:38PM While Freddie Mac's weekly mortgage rate survey may show rates moving slightly lower this week, today's rates are actually higher than they were at the same time last week (6.76% vs 6.69%). Financial news continued to focus on yesterday's announcement of Treasury buybacks after Secretary Bessent spoke on CNBC this morning, but today's bump in rates had more to do with fuel prices. Treasury yields serve as an almost perfect proxy for intraday rate movement with 10yr yields often seen as the most common at-a-glance benchmark for mortgage rate movement (i.e. they tend to move in the same directi... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.76% +0.04 0.00 15 Yr. Fixed 6.30% +0.03 0.00 30 Yr. FHA 6.31% +0.01 0.00 30 Yr. Jumbo 6.87% +0.02 0.00 7/6 SOFR ARM 6.36% +0.05 0.00 30 Yr. VA 6.33% +0.01 0.00 Updates Daily - Last Update: 8/20 Freddie Mac Rate Change Points 30 Yr. Fixed 6.65% -0.02 0.00 15 Yr. Fixed 5.95% -0.01 0.00 Updates Weekly - Last Update: 8/20 Mortgage Bankers Assoc. 30 Yr. Fixed 6.77% -0.04 0.67 15 Yr. Fixed 6.10% -0.03 0.94 30 Yr. Jumbo 6.68% -0.04 0.51 Updates Weekly - Last Update: 8/12 UMBS 30YR 5.5 99.28 -0.29   98.89 101.64 UMBS 30YR 6.0 101.37 -0.20   101.05 102.75 10 YR Treasury 4.703 +0.057   3.948 4.736 Back on The Pain Wagon (Which Runs on Oil) Thu, Aug 20, 2026 9:34AM The correlation between bonds and fuel prices was already creeping back into the picture yesterday. After the Treasury buyback announcement got all of the morning's attention, fuel prices guided the ebbs and flows in the second half of the day. Now today, we're fully back to regularly scheduled programming and there are only so many shows. (read more) MBS Price Change UMBS 5.0 96.89 -0.31 UMBS 5.5 99.29 -0.29 UMBS 6.0 101.36 -0.20 GNMA 5.0 97.19 -0.34 GNMA 5.5 99.58 -0.22 GNMA 6.0 101.51 -0.11 Pricing as of: 8/20 5:19PM EST US Treasury Yield Change 2 YR Treasury 4.186 +0.022 5 YR Treasury 4.387 +0.043 7 YR Treasury 4.534 +0.057 10 YR Treasury 4.703 +0.057 30 YR Treasury 5.247 +0.053 Pricing as of: 8/20 5:19PM EST Other News Hedging, Verification, Non-QM, QC, PPE Products; U.S. Government to Buy More Securities Thu, Aug 20, 2026 11:43AM Lender and Broker Software, Products, and Services Automating individual tasks isn't the same as transforming mortgage operations. Real efficiency comes from connecting people, policies, systems, and decisions across the entire loan lifecycle. JazzX AI creates a governed intelligence layer that orchestrates work from application through post-close, without... (read more) Latest Video Treasury announces upscaled buyback operation for longer-term debt, sending... Fed officials saw need for rate hike if inflation doesn't cool, minutes sho... July pending home sales down in all regions Leading economic indicators rise 0.2% in July, better than estimates Around the Web Eye on Housing Housing Affordability Worsens on Higher Mortgage Rates Investing Live Fed's Musalem says hiking rates now could save more aggressive action later Investing Live Fed's Daly doesn't see evidence calling for pre-emptive rate hikes, policy in good place CNBC Bessent says Treasury buyback operation could be more than $4 billion CNBC Bessent moves to curb Treasury yields, putting new pressure on Warsh's Fed CNBC Bond yields edge higher as traders digest Treasury debt buyback plan Investing Live US initial jobless claims 206K vs 210K expected CNBC Fed officials saw need for rate hike if inflation doesn't cool, minutes show Eye on Housing Short-Term Townhouse Construction Weakness CNBC Oil prices rise as Trump sharpens Iran rhetoric amid talks impasse Philadelphia Fed US August Philly Fed business index +47.4 vs +25.0 expected Investing Live US Treasury auctions off $18 billion of 20-year bonds at a high yield of 5.204% Investing Live EIA weekly US crude oil inventories +4.405M vs +0.200M expected

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