Most of this week's mortgage rate movement has been an aftershock following last week's jobs report. That data sent rates quickly higher and that momentum has gradually faded over the past few days. In fact, yesterday finally saw an improvement.  Now today, things are minimally changed, depending on the lender. Most lenders issued at least one mid-day change yesterday as the bond market improved. Those lenders are sideways to slightly higher today, but not enough for the average loan quote to be detectably different from yesterday.  In a slightly broader context, rates are essentially sideways since Monday. In fact, our daily rate index is currently exactly where it was on Monday afternoon. In addition to being the least exciting outcome, it's also probably the most logical, given the absence of big-ticket news and economic data this week. Next week is a different story with the release of hotly anticipated inflation reports.

July 10, 2025 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.15% -0.02%   6.01% 7.13% 15 Yr. Fixed 5.72% -0.03%   5.55% 6.5% 30 Yr. Jumbo 6.33% -0.02%   6.1% 7.45% Compare Mortgage Rates from Local Lenders for Jul 10, 2025 Mortgage Rates Broadly Sideways Thu, Jul 10, 2025 4:49PM Most of this week's mortgage rate movement has been an aftershock following last week's jobs report. That data sent rates quickly higher and that momentum has gradually faded over the past few days. In fact, yesterday finally saw an improvement.  Now today, things are minimally changed, depending on the lender. Most lenders issued at least one mid-day change yesterday as the bond market improved. Those lenders are sideways to slightly higher today, but not enough for the average loan quote to be detectably different from yesterday.  In a slightly broader context, rates are essentia... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.15% -0.02 0.00 15 Yr. Fixed 5.72% -0.03 0.00 30 Yr. FHA 5.75% -0.05 0.00 30 Yr. Jumbo 6.33% -0.02 0.00 7/6 SOFR ARM 5.56% -0.03 0.00 30 Yr. VA 5.77% -0.04 0.00 Updates Daily - Last Update: 2/6 Freddie Mac Rate Change Points 30 Yr. Fixed 6.11% +0.01 0.00 15 Yr. Fixed 5.50% +0.01 0.00 Updates Weekly - Last Update: 2/5 Mortgage Bankers Assoc. 30 Yr. Fixed 6.24% +0.08 0.55 15 Yr. Fixed 5.64% +0.09 0.61 30 Yr. Jumbo 6.34% -0.05 0.40 Updates Weekly - Last Update: 1/28 UMBS 30YR 5.0 100.05 +0.01   95.71 100.50 UMBS 30YR 5.5 101.49 +0.04   98.11 101.64 10 YR Treasury 4.213 +0.033   3.932 4.608 Week's Only Relevant Data is Not Bond-Friendly Thu, Jul 10, 2025 11:33AM You would be hard pressed to find a week with less to offer in terms of scheduled economic data.  In fact, it's not an overstatement to say that regular old weekly jobless claims data was the only relevant report of the week. Unfortunately for fans of low rates, it's not showing any signs of cracks in the labor market (227k vs 235k f'cast). Continuing C... (read more) MBS Price Change UMBS 4.5 98.06 +0.03 UMBS 5.0 100.05 +0.01 UMBS 5.5 101.49 +0.04 GNMA 4.5 97.84 +0.10 GNMA 5.0 100.18 +0.11 GNMA 5.5 101.22 -0.02 Pricing as of: 2/7 10:18AM EST US Treasury Yield Change 2 YR Treasury 3.496 +0.044 5 YR Treasury 3.753 +0.036 7 YR Treasury 3.965 +0.026 10 YR Treasury 4.213 +0.033 30 YR Treasury 4.851 +0.006 Pricing as of: 2/7 10:18AM EST Other News Hedging, Fraud Protection, QC Products; FHA, USDA Program Changes; Interview With Pennymac's Kim Nichols Thu, Jul 10, 2025 11:46AM Lenders and servicers have entire sets of policies and procedures based on the Federal Emergency Management Agency (FEMA) declaring an emergency in a given area. President Trump says FEMA should be eliminated, which would definitely impact this process. Texas officials weren’t fans of FEMA until they needed it. Unfortunately, FEMA has become politicized. Gen... (read more) Latest Video Lael Brainard: Fed has room to consider cutting rates later in the year Next Fed chair pick likely to move market less, says Jefferies' Zervos GOP bill is largely priced into U.S. Treasurys, says JPMorgan's Priya Misra President Trump announces 25% tariffs on Japan and South Korea starting Aug... Around the Web Calculated Risk Blog Part 2: Current State of the Housing Market; Overview for mid-July 2025 Market Watch A key piece of the next consumer-price report risks upsetting the bond market Marketwatch Jobless claims fall to nearly 2-month low. No sign layoffs have risen due to trade wars. CNBC Trump's next Fed chair pick already comes with a credibility problem Federal Reserve Fed Minutes Text Calculated Risk Blog Part 1: Current State of the Housing Market; Overview for mid-July 2025 Eye on Housing Whos Still Working from Home in 2025? A Look at Americas Telework Trends Eye on Housing Remodeling Market Sentiment Dips in Second Quarter Eye on Housing Mortgage Applications Picked Up in June as Rates Eased CNBC Trump signals more tariff letters coming Wednesday Reuters Fed minutes likely to shine light on divide over tariffs, rates outlook CNBC CNBC Daily Open: AI is drawing investors' attention away from fresh tariffs CNBC European Union in limbo as Washington keeps it waiting on a trade agreement

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