While some news stories suggest that rates are the highest in 11 months today, that's not quite true. The highest rates of the year were seen on July 13th and May 19th when our 30yr fixed index hit 6.75%. The index was at 6.68% today, up from 6.64% yesterday. Any news regarding "highest rates since August 2025" is almost certainly citing Freddie Mac's weekly rate index which takes a 5 day trailing average rate through Wednesday and reports it on Thursday.  As for the reason for today's increase, there really isn't a satisfying scapegoat. The strongest case to be made is that bond yields (highly correlated with mortgage rates) topped out at the same time as fuel price futures.  [thirtyyearmortgagerates]

July 16, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.68% +0.04%   5.99% 6.83% 15 Yr. Fixed 6.19% +0.01%   5.55% 6.25% 30 Yr. Jumbo 6.84% +0.01%   6.1% 6.93% Compare Mortgage Rates from Local Lenders for Jul 16, 2026 Mortgage Rates Move Slightly Higher Thu, Jul 16, 2026 3:27PM While some news stories suggest that rates are the highest in 11 months today, that's not quite true. The highest rates of the year were seen on July 13th and May 19th when our 30yr fixed index hit 6.75%. The index was at 6.68% today, up from 6.64% yesterday. Any news regarding "highest rates since August 2025" is almost certainly citing Freddie Mac's weekly rate index which takes a 5 day trailing average rate through Wednesday and reports it on Thursday.  As for the reason for today's increase, there really isn't a satisfying scapegoat. The strongest case to be made is that bond yields... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.68% +0.04 0.00 15 Yr. Fixed 6.19% +0.01 0.00 30 Yr. FHA 6.29% +0.02 0.00 30 Yr. Jumbo 6.84% +0.01 0.00 7/6 SOFR ARM 6.34% +0.04 0.00 30 Yr. VA 6.30% +0.01 0.00 Updates Daily - Last Update: 7/16 Freddie Mac Rate Change Points 30 Yr. Fixed 6.55% +0.06 0.00 15 Yr. Fixed 5.93% +0.11 0.00 Updates Weekly - Last Update: 7/16 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 UMBS 30YR 5.5 99.83 -0.15   99.03 101.64 UMBS 30YR 6.0 101.73 -0.11   101.03 102.75 10 YR Treasury 4.562 +0.012   3.948 4.668 Are Bonds High on Crack (Spreads)? Thu, Jul 16, 2026 11:26AM The term "crack spread" is quickly becoming mainstream--especially over the past few weeks. It's more of a concept than a specific metric, but it most frequently refers to the margin between input and output costs for fuel (gas, diesel, etc). Petro-nerds seem to like the 3-2-1 crack spread, which covers both gas and diesel (3 barrels of oil margin vs 2 barre... (read more) MBS Price Change UMBS 5.0 97.61 -0.16 UMBS 5.5 99.84 -0.14 UMBS 6.0 101.75 -0.09 GNMA 5.0 97.96 -0.19 GNMA 5.5 100.15 -0.32 GNMA 6.0 102.14 -0.22 Pricing as of: 7/16 5:07PM EST US Treasury Yield Change 2 YR Treasury 4.154 +0.019 5 YR Treasury 4.277 +0.016 7 YR Treasury 4.409 +0.014 10 YR Treasury 4.560 +0.010 30 YR Treasury 5.086 +0.006 Pricing as of: 7/16 5:07PM EST Other News Hedging, Data Mapping, BER Letter, PPE Tools; AI Ramifications; Atty. Mitch Kider Joins Big Picture Thu, Jul 16, 2026 11:54AM Nearly every lender is at least learning about AI, but on the flip side there are things like New York’s ban on data centers. Lenders and vendors are not the only ones riding the tech wave, and no LO wants to be behind their client in tech knowledge. Consumers are now researching affordability, neighborhoods, and monthly payments long before contacting a len... (read more) Latest Video Pending home sales plunge in June May business inventories rise 0.3% Fed Chairman Kevin Warsh: AI is a huge opportunity, but it's not without ch... Fed's Beige Book: Economic activity increased at slight to moderate pace in... Around the Web Realtor.com Pending Home Sales Plunge 5.4% in June as Prices Surge to Record High CNBC Dallas Fed President Logan calls for 'modestly' higher interest rates Reuters US weekly jobless claims fall; labor market remains stable Eye on Housing Builder Sentiment Stays Weak as Affordability Concerns Persist CNBC Treasury yields rise as Wall Street awaits key employment data CNBC Banking Committee's Sen. Rounds liked Warsh's 'tone' in first testimony as Fed chairman Investing Live US June retail sales +0.2% vs +0.2% expected Federal Reserve Economic Outlook - Governor Lisa D. Cook Eye on Housing Building Material Prices Continue to Rise Despite Energy Price Declines Investing Live US Empire Manufacturing for July 15.6 vs 5.70 last month. The estimate was 8.80. Investing Live Fed Beige Book: Growth Continues, Uncertainty Lingers Investing Live Manufacturing Business Outlook Survey Investing Live US May business inventories +0.3% vs +0.3% expected

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