It's a fluid situation in financial markets on Wednesday. The 2-week ceasefire in the Iran war caused a big reaction last night, but the benefit to the bond market (bonds dictate rates) has been increasingly wiped out during domestic hours.  If we measure the reversal versus yesterday's closing levels at 5pm ET, the reversal is almost complete. But bonds were already rallying in the afternoon due to expectations for the official ceasefire news. All that to say, we're still in noticeably better shape than we were mid-day yesterday, but the overall improvement is smaller than most borrowers would expect. In fact, the average top-tier 30yr fixed rate is just barely at the low end of April's range at 6.40% vs the previous low of 6.41% on April 2nd. Earlier today, it was as low as 6.38%, but mortgage lenders made mid-day changes in response to bond market deterioration. 

April 8, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.40% -0.04%   5.99% 7.08% 15 Yr. Fixed 6.00% -0.02%   5.55% 6.48% 30 Yr. Jumbo 6.57% -0.03%   6.1% 7.2% Compare Mortgage Rates from Local Lenders for Apr 8, 2026 Mortgage Rates Only Slightly Lower After Ceasefire News Wed, Apr 8, 2026 3:27PM It's a fluid situation in financial markets on Wednesday. The 2-week ceasefire in the Iran war caused a big reaction last night, but the benefit to the bond market (bonds dictate rates) has been increasingly wiped out during domestic hours.  If we measure the reversal versus yesterday's closing levels at 5pm ET, the reversal is almost complete. But bonds were already rallying in the afternoon due to expectations for the official ceasefire news. All that to say, we're still in noticeably better shape than we were mid-day yesterday, but the overall improvement is smaller than most borrower... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.40% -0.04 0.00 15 Yr. Fixed 6.00% -0.02 0.00 30 Yr. FHA 5.89% -0.03 0.00 30 Yr. Jumbo 6.57% -0.03 0.00 7/6 SOFR ARM 5.99% -0.08 0.00 30 Yr. VA 5.91% -0.02 0.00 Updates Daily - Last Update: 4/8 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 99.13 +0.13   95.71 100.50 UMBS 30YR 5.5 100.89 +0.11   98.11 101.64 10 YR Treasury 4.289 -0.007   3.948 4.590 Logical Rally After Ceasefire Agreement Wed, Apr 8, 2026 9:06AM The wheels were already in motion by the time yesterday's recap came out, and participants in the MBS Live chat room were already high-fiving as we watched overnight price movement yesterday evening (and also hoping there wouldn't be some counterintuitive head fake).  As the domestic session gets underway, things are proceeding very logically with bonds... (read more) MBS Price Change UMBS 4.5 97.01 +0.09 UMBS 5.0 99.09 +0.09 UMBS 5.5 100.87 +0.10 GNMA 4.5 97.20 +0.35 GNMA 5.0 99.52 +0.14 GNMA 5.5 100.92 +0.10 Pricing as of: 4/8 4:23PM EST US Treasury Yield Change 2 YR Treasury 3.785 -0.004 5 YR Treasury 3.915 -0.015 7 YR Treasury 4.096 -0.012 10 YR Treasury 4.287 -0.009 30 YR Treasury 4.885 +0.013 Pricing as of: 4/8 4:23PM EST Other News Property Mining, AI Processing Tools; STRATMOR on subservicing; LOs and Re-Engaging Clients; Cease Fire and Rates Wed, Apr 8, 2026 11:44AM U.S. population growth slowed sharply between July 2024 and July 2025, rising just 1.8 million people (0.5 percent) to 341.8 million, the weakest growth since the early pandemic. This was driven primarily by a steep 54 percent drop in net international migration from 2.7 million to 1.3 million (the result of ICE?), while births and deaths remained relatively... (read more) Latest Video U.S. has violated ceasefire agreement, Iran parliamentary speaker says Oil prices tumble after the U.S. and Iran agree to a two-week ceasefire Realtors report buyers and sellers exiting market in Q1 2026 CNBC Housing M... Fed: All but one member voted to keep rates unchanged Around the Web Investing Live Oil has retraced 50% of the move up from the Iran War Marketwatch Why home builders' stocks are getting such a big boost from the cease-fire deal with Iran Federal Reserve FOMC Minutes: Growing Number Of Policymakers Saw A 'Strong' Case For Two-Sided Description For Future Rate Decisions CNBC Markets shift back towards potential Fed rate cut this year with Iran ceasefire in place CNBC Homebuyer mortgage demand drops annually for the first time in over a year, as war fuels uncertainty CNBC U.S. Treasury yields plunge 10 basis points as Iran war ceasefire lifts sentiment BLS State Employment and Unemployment (Monthly) News Release Investing Live Report: Iran 'positively reviewing' the request for a ceasefire Investing Live Fed's Goolsbee nothing in Federal Reserve act says make the stock/Pres. happy Investing Live Fed's Williams: Iran war will drive up headline inflation Eye on Housing Remodelers Saw Profit Margin Gains in 2024 BLS Short-term unemployed accounted for 29.8 percent of total unemployed in March 2026 NY Fed Short-Term Inflation Expectations Increase as Gas Price Growth Expectations Spike

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