Daily Newsletter: Wednesday July 15, 2026

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July 15, 2026

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Compare Mortgage Rates from Local Lenders for Jul 15, 2026

Mortgage Rates Fall to Lowest Levels in a Week

Wed, Jul 15, 2026 2:40PM

Mortgage rates moved lower again today following another lower-than-expected reading on an inflation report. Yesterday's Consumer Price Index (CPI) had a bigger impact on the underlying bond market, but today's Producer Price Index (PPI) wasn't far behind. Additionally, bonds did a better job of holding onto the improvement into the afternoon hours. This allowed mortgage lenders to drop rates even more than they did yesterday (0.06% today versus 0.05% yesterday). This takes the average top-tier 30yr fixed rate to 6.64% which is the lowest in just over a week. [thirtyyearmortgagerates] (read more)

Mortgage News Daily	Rate	Change	Points
30 Yr. Fixed	6.64%	-0.06	0.00
15 Yr. Fixed	6.18%	-0.02	0.00
30 Yr. FHA	6.27%	+0.02	0.00
30 Yr. Jumbo	6.83%	-0.01	0.00
7/6 SOFR ARM	6.30%	-0.05	0.00
30 Yr. VA	6.29%	+0.04	0.00
Updates Daily - Last Update: 7/15

Freddie Mac	Rate	Change	Points
30 Yr. Fixed	6.49%	+0.06	0.00
15 Yr. Fixed	5.82%	+0.03	0.00
Updates Weekly - Last Update: 7/9

Mortgage Bankers Assoc.
30 Yr. Fixed	6.58%	+0.01	0.64
15 Yr. Fixed	5.99%	-0.01	0.71
30 Yr. Jumbo	6.50%	-0.02	0.42
Updates Weekly - Last Update: 7/8

PPI Does Its Best CPI Impression. Bonds Like It

Wed, Jul 15, 2026 9:20AM

The Producer Price Index (PPI) is not normally a huge market mover, but it has its moments of moderate impact. Today is such a moment as PPI did its best to mimic yesterday's sharply lower CPI. There were also big revisions to previous months which brought annual PPI a full 1.0% lower from last month's initial reading (5.5% today vs a 6.0 previous readi... (read more)

MBS	Price	Change
UMBS 5.0	97.79	+0.29
UMBS 5.5	100.00	+0.25
UMBS 6.0	101.83	+0.16
GNMA 5.0	98.26	+0.27
GNMA 5.5	100.43	+0.15
GNMA 6.0	102.34	+0.22
Pricing as of: 7/15 3:18PM EST

US Treasury	Yield	Change
2 YR Treasury	4.125	-0.076
5 YR Treasury	4.254	-0.071
7 YR Treasury	4.390	-0.061
10 YR Treasury	4.546	-0.043
30 YR Treasury	5.083	-0.021
Pricing as of: 7/15 3:18PM EST

Other News

Home Equity, Verification, Asset-Based Lending, MI Tools; Housing Demand Shift; Fed Balance Sheet Thoughts

Wed, Jul 15, 2026 11:44AM

Certainly the cost gap between renting and owning is widening, and the press is filled with stories that our borrowers see, and MLOs should read, like, “Rent vs. Buy: Is Renting Cheaper Than Buying a Home?” or “Rent or buy? How long it takes for buying a home to pay off in each metro.” Today at 11AM PT on L1’s Mortgage Matters, Developer’s Mortgage COO Taylo... (read more)

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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.

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