Today's Mortgage Rates
The Mortgage News Daily rate index is published daily (weekdays) around 4PM EST. Learn About Our Rate Survey
Updated weekdays at aprox 4PM EST.
POSITIVE
MINIMAL
NEGATIVE
MBS prices have
increased slightly
today. This may result in minimal positive impact on mortgage rates today.
This tool provides an idea of the underlying trends
in MBS that may influence mortgage rates today.
It is not intended to forecast lender rate changes.
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Mortgage Rate Watch
Daily Mortgage Rate Market Analysis
Fri, Aug 7 2026, 4:58 PM
Mortgage rates dropped moderately today after the latest jobs report showed much lower jobs created than expected.
The monthly jobs report is one of the most--if not THE most--important pieces of economic data to the rate market on any given month. If the numbers are close to forecasts, there isn't always a big reaction. Today's numbers were quite far from forecasts for some parts of the report, but slightly offset by others.
The net effect was a decent improvement in the underlying bond market. Because mortgage rates are based on bonds, rates dropped accordingly.
The average top-tier 30yr fixed rate moved down from 6.77 to 6.74--the lowest since July 20th.
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| Rate | Points | Change | |
|---|---|---|---|
|
8/7/26
Mortgage News Daily - daily
|
|||
| 30 Yr. Fixed | 6.74% | -- | -0.03% |
| 15 Yr. Fixed | 6.25% | -- | -0.05% |
| 30 Yr. Jumbo | 6.85% | -- | -0.05% |
| 7/6 SOFR ARM | 6.29% | -- | -0.05% |
| 30 Yr. FHA | 6.28% | -- | -0.05% |
| 30 Yr. VA | 6.30% | -- | -0.05% |
|
8/6/26
Freddie Mac - weekly
|
|||
| 30 Yr. Fixed | 6.69% | 0.00 | +0.03% |
| 15 Yr. Fixed | 6.01% | 0.00 | -0.03% |
|
8/5/26
MBA - weekly
|
|||
| 30 Yr. Fixed | 6.81% | 0.65 | +0.05% |
| 15 Yr. Fixed | 6.13% | 0.73 | -0.02% |
| 30 Yr. FHA | 6.43% | 0.75 | +0.02% |
| 30 Yr. Jumbo | 6.72% | 0.52 | +0.02% |
| 7/6 SOFR ARM | 6.03% | 0.99 | +0.05% |
POSITIVE
MINIMAL
NEGATIVE
MBS prices have
increased slightly
today. This may result in minimal positive impact on mortgage rates today.
| Change | 52 Week Range | |||||||
|---|---|---|---|---|---|---|---|---|
| Rate | Points | Previous | 1 Year | Low | High | |||
|
as of 8/7/26
Mortgage News Daily - updated daily
|
||||||||
| 30 Yr. Fixed | 6.74% | -- | -0.03% | +0.19% | 5.99% |
|
6.85% |
|
| 15 Yr. Fixed | 6.25% | -- | -0.05% | +0.33% | 5.55% |
|
6.34% |
|
| 30 Yr. Jumbo | 6.85% | -- | -0.05% | +0.15% | 6.10% |
|
6.92% |
|
| 7/6 SOFR ARM | 6.29% | -- | -0.05% | +0.17% | 5.29% |
|
6.55% |
|
| 30 Yr. FHA | 6.28% | -- | -0.05% | +0.16% | 5.62% |
|
6.40% |
|
| 30 Yr. VA | 6.30% | -- | -0.05% | +0.17% | 5.64% |
|
6.42% |
|
|
as of 8/6/26
Freddie Mac - updated weekly
|
||||||||
| 30 Yr. Fixed | 6.69% | 0.00 | +0.03% | -0.03% | 5.98% |
|
6.69% |
|
| 15 Yr. Fixed | 6.01% | 0.00 | -0.03% | +0.16% | 5.35% |
|
6.04% |
|
|
as of 8/5/26
Mortgage Bankers Association - updated weekly
|
||||||||
| 30 Yr. Fixed | 6.81% | 0.65 | +0.05% | -0.20% | 6.09% |
|
6.81% |
|
| 15 Yr. Fixed | 6.13% | 0.73 | -0.02% | -0.32% | 5.48% |
|
6.15% |
|
| 30 Yr. FHA | 6.43% | 0.75 | +0.02% | -0.37% | 5.97% |
|
6.47% |
|
| 30 Yr. Jumbo | 6.72% | 0.52 | +0.02% | -0.45% | 6.16% |
|
6.72% |
|
| 7/6 SOFR ARM | 6.03% | 0.99 | +0.05% | -0.45% | 5.23% |
|
6.06% |
|
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