April 3rd and 4th saw the average top tier 30yr fixed mortgage rates well into the "mid 6's."  Many lenders were able to quote 6.5% at the time.  Just a few days ago, we noted there was still a ways to go before breaking below those early April levels, but the past few days have taken us within striking distance.  The average lender is now only 0.07% higher than they were on April 4th and that's a gap that can be traversed in as little as one day under the right circumstances. If it is destined to be traversed in the near feature, it would likely be due to exceptional weakness in the forthcoming economic data--especially Thursday's big jobs report.  Conversely, if this week's economic data surprises to the upside, it would likely coincide with rates bouncing here and headline back into the recent range. And lastly, if this week's data doesn't cast a decisive vote in either direction, next week's inflation reports could easily break the tie. The most interesting aspect of today's movement was the movement itself.  It didn't happen due to any interesting data or news headlines.  Both stocks and bonds (which dictate rates) improved as traders moved portfolios into position for the end of the month/quarter.  This can cause market movement independent of economic data/news. 

June 30, 2025 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.27% +0.03%   6.13% 7.26% 15 Yr. Fixed 5.76% +0.00%   5.6% 6.59% 30 Yr. Jumbo 6.40% +0.01%   6.1% 7.45% Compare Mortgage Rates from Local Lenders for Jun 30, 2025 Mortgage Rates Take Another Step Toward April Lows Mon, Jun 30, 2025 3:28PM April 3rd and 4th saw the average top tier 30yr fixed mortgage rates well into the "mid 6's."  Many lenders were able to quote 6.5% at the time.  Just a few days ago, we noted there was still a ways to go before breaking below those early April levels, but the past few days have taken us within striking distance.  The average lender is now only 0.07% higher than they were on April 4th and that's a gap that can be traversed in as little as one day under the right circumstances. If it is destined to be traversed in the near feature, it would likely be due to exceptional weakness ... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.27% +0.03 0.00 15 Yr. Fixed 5.76% 0.00 0.00 30 Yr. FHA 5.89% +0.03 0.00 30 Yr. Jumbo 6.40% +0.01 0.00 7/6 SOFR ARM 5.81% -0.01 0.00 30 Yr. VA 5.90% +0.03 0.00 Updates Daily - Last Update: 12/5 Freddie Mac Rate Change Points 30 Yr. Fixed 6.19% -0.04 0.00 15 Yr. Fixed 5.44% -0.07 0.00 Updates Weekly - Last Update: 12/4 Mortgage Bankers Assoc. 30 Yr. Fixed 6.32% -0.08 0.58 15 Yr. Fixed 5.73% -0.07 0.64 30 Yr. Jumbo 6.40% -0.09 0.40 Updates Weekly - Last Update: 12/3 UMBS 30YR 5.0 99.27 -0.28   95.05 100.11 UMBS 30YR 5.5 101.00 -0.14   97.47 101.40 10 YR Treasury 4.186 +0.049   3.932 4.780 Slow, Sideways Start, But Month-End Volatility Always a Possibility Mon, Jun 30, 2025 10:14AM Month/quarter end trading is a somewhat esoteric and potentially frustrating concept for the typical market watcher because it seemingly violates the notion that market move for logical underlying reasons.  To be fair, month-end volatility also has logical underlying reasons, but the logic requires a fairly deep dive (which is why we have a primer on th... (read more) MBS Price Change UMBS 4.5 97.15 -0.29 UMBS 5.0 99.28 -0.27 UMBS 5.5 100.99 -0.14 GNMA 4.5 97.02 -0.33 GNMA 5.0 99.52 -0.20 GNMA 5.5 100.79 -0.09 Pricing as of: 12/8 12:05PM EST US Treasury Yield Change 2 YR Treasury 3.602 +0.041 5 YR Treasury 3.764 +0.051 7 YR Treasury 3.954 +0.050 10 YR Treasury 4.179 +0.042 30 YR Treasury 4.824 +0.033 Pricing as of: 12/8 12:05PM EST Other News Automation, HELOC Products; The Current State of Regulation and Compliance; Interest Rates Sagging Mon, Jun 30, 2025 11:42AM “The seminar ‘How to avoid frauds’ is canceled. Tickets are non-refundable.” Mortgage fraud is alive and well in the United States. In Utah, Kouri Richins, 35, the Kamas mother who is accused of killing her husband and writing a children’s book about grief is facing 26 new felony charges, including five counts of mortgage fraud. It certainly is not confined ... (read more) Latest Video Surprising rise in mortgage delinquencies: Here's what to know Bessent: January Fed board appointee could eventually become chair Banks rise on regulatory hopes Chicago PMI surprises to downside Around the Web Calculated Risk Blog FHFAs National Mortgage Database: Outstanding Mortgage Rates, LTV and Credit Scores Calculated Risk Blog Housing June 30th Weekly Update: Inventory up 0.3% Week-over-week, Up 28.7% Year-over-year Eye on Housing 2024 New Single-Family Starts by Census Division Calculated Risk Blog Freddie Mac House Price Index Declined in May; Up 2.2% Year-over-year CNBC German inflation unexpectedly falls to 2% in June, hitting ECB's target CNBC Core inflation rate rose to 2.7% in May, more than expected, Feds preferred gauge shows CNBC Deep inside U.S. economy, more sticker prices start going up due to tariffs, and inventory is headed down CNBC Treasury yields tick lower as Trump's spending bill in focus Calculated Risk Blog Final Look at Local Housing Markets in May and a Look Ahead to June Sales Calculated Risk Blog Realtor.com Reports Most Active "For Sale" Inventory since December 2019 Eye on Housing State and Local Property Tax Revenue Grows in the First Quarter Calculated Risk Blog Personal Income Decreased 0.4% in May; Spending Decreased 0.1% CNBC Treasury yields inch higher as investors await the Fed's preferred inflation print

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