On any given Thursday, there's a decent enough chance that the average mortgage rate headline will be unintentionally misleading. At issue is media reliance on the longstanding weekly mortgage rate surveys. If news stories are going to cite this data, that's fine, but it's critical to understand the methodology. Whether it's MBA (reported yesterday) or Freddie Mac (reported today), the weekly surveys have an inherent reporting lag--that is, they are published at least a day after data collection ends. In addition, they represent an average of 5 business days.  This means that the weekly mortgage rate would be reported as 6.2% if the first 4 days were 6.0% and the 5th day jumped to 7%.  This is most frustrating for consumers when the present moment's rates are higher than the weekly average. Thankfully, today's case is the opposite. The most recent long-term rate high occurred on March 27th, and we've moved noticeably lower since then. Today didn't add much to that move, but it nonetheless brought the average lender to the lowest levels since March 18th. [thirtyyearmortgagerates]

April 2, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.41% -0.04%   5.99% 7.08% 15 Yr. Fixed 6.01% -0.01%   5.55% 6.48% 30 Yr. Jumbo 6.60% +0.00%   6.1% 7.2% Compare Mortgage Rates from Local Lenders for Apr 2, 2026 Mortgage Rates Are Actually Lower This Week Thu, Apr 2, 2026 3:12PM On any given Thursday, there's a decent enough chance that the average mortgage rate headline will be unintentionally misleading. At issue is media reliance on the longstanding weekly mortgage rate surveys. If news stories are going to cite this data, that's fine, but it's critical to understand the methodology. Whether it's MBA (reported yesterday) or Freddie Mac (reported today), the weekly surveys have an inherent reporting lag--that is, they are published at least a day after data collection ends. In addition, they represent an average of 5 business days.  This means that the weekly ... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.41% -0.04 0.00 15 Yr. Fixed 6.01% -0.01 0.00 30 Yr. FHA 5.88% -0.03 0.00 30 Yr. Jumbo 6.60% 0.00 0.00 7/6 SOFR ARM 6.02% -0.05 0.00 30 Yr. VA 5.90% -0.02 0.00 Updates Daily - Last Update: 4/2 Freddie Mac Rate Change Points 30 Yr. Fixed 6.46% +0.08 0.00 15 Yr. Fixed 5.77% +0.02 0.00 Updates Weekly - Last Update: 4/2 Mortgage Bankers Assoc. 30 Yr. Fixed 6.57% +0.14 0.65 15 Yr. Fixed 5.89% +0.06 0.75 30 Yr. Jumbo 6.59% +0.14 0.43 Updates Weekly - Last Update: 4/1 UMBS 30YR 5.0 98.64 -0.27   95.71 100.50 UMBS 30YR 5.5 100.51 -0.20   98.11 101.64 10 YR Treasury 4.341 +0.033   3.932 4.590 Trump Speech Fuels Another Leg Up For Oil and Yields Thu, Apr 2, 2026 9:11AM Things don't always happen like you'd expect. There was some buzz yesterday in the run up to yesterday night's Trump speech. Even during the domestic trading day, we knew the speech would offer some touting of accomplishments and a reiteration that objectives were "nearly complete." Both of those things happened, but the speech also promised forceful escalat... (read more) MBS Price Change UMBS 4.5 96.46 -0.34 UMBS 5.0 98.61 -0.30 UMBS 5.5 100.48 -0.22 GNMA 4.5 96.44 -0.34 GNMA 5.0 99.09 -0.18 GNMA 5.5 100.71 -0.13 Pricing as of: 4/3 10:31AM EST US Treasury Yield Change 2 YR Treasury 3.851 +0.052 5 YR Treasury 3.994 +0.048 7 YR Treasury 4.171 +0.041 10 YR Treasury 4.348 +0.040 30 YR Treasury 4.914 +0.041 Pricing as of: 4/3 10:31AM EST Other News Social Security, Equity, Processing Tools; Freddie and Fannie Shifts; Release From Conservatorship Slim Thu, Apr 2, 2026 11:43AM “Rob, what do you hear about Fannie & Freddie being released from conservatorship?” Not much. Although it may change with one random tweet, the idea & process of jettisoning them is not even “on the back burner”… It may be back in the refrigerator. Maybe 2031? Both are certainly building up their net worth, but they don’t have enough capital to be re... (read more) Latest Video Jobless claims total 202,000, below estimate Mortgage rates move lower after reaching August highs Private sector hiring totaled 62,000 in March, better than expected, ADP sa... March ISM Manufacturing PMI comes in at 52.7, beating expectations Around the Web CNBC The March jobs report will be released on Friday. Here's what to expect Investing Live ECB's Villeroy: The next change in rates is highly likely to be upwards Investing Live Something of a turnaround: What does the bond market see? Marketwatch The U.S. economy isn't generating many jobs lately, but it might not need to Investing Live The oil market and the stock market are having a disagreement. Here's why it makes sense CNBC Iran and Oman drafting protocol to 'monitor' Hormuz Strait traffic: IRNA Eye on Housing Iran Conflict Reverses Decline in Mortgage Rates Dallas Fed Options for reducing the size of the Fed’s balance sheet - Logan DOL Jobless Claims Press Release Challenger Gray Apr 02 Challenger Report: March Cuts Rise 25% From February, AI Leads Reasons Eye on Housing Consumer Confidence Climbs Despite Oil Price Surge AP Trump Threatens Escalation in Iran Despite Saying War Objectives Near Completion Investing Live Atlanta Fed GDPNow dips to 1.9% from 2.0% last.

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