After three straight days at exactly the same level, average 30yr fixed rates began to move lower again on Tuesday. It should immediately be clarified that the word "began" implies a certain likelihood of continuation whereas no such likelihoods can be guaranteed when it comes to the bond/rate market. In other words, rates did indeed begin to move lower again, but they could stop moving lower as early as tomorrow. One slight advantage in the present scenario is that the bond market improved steadily throughout the day and most mortgage lenders didn't drop their rates as much as the bond market improvement suggested. This means that the average lender could lower rates a bit more tomorrow assuming the underlying bond market stays exactly where it is right now. Bonds could easily move either direction tomorrow morning. In addition to volatility that can occur during overnight/overseas trading, there are several big-ticket economic reports set to be released before mortgage lenders set their rates for the day. Then in the afternoon, the Fed announcement can create additional volatility.  Bottom line: today was good, lenders have a bit of a cushion from afternoon bond market gains, and tomorrow is another potentially volatile day (for better or worse). 

July 29, 2025 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Moving Down Again After three straight days at exactly the same level, average 30yr fixed rates began to move lower again on Tuesday. It should immediately be clarified that the word "began" implies a certain likelihood of continuation whereas no such likelihoods can ... (read more) MBS Commentary Relatively Friendly Labor Market Data Adding to Overnight Gains There's no mistaking the fact that bonds are trading in a boring, narrowing, sideways range in the bigger picture, nor could anyone claim that today's trading does anything to change that fact.  But for those who will take every little victory t... (read more) Rob Chrisman Hedging, Borrower Experience; LOs Controlling Their Funnel; Housing and Inflation Numbers Yesterday, Tampa set a record for its all-time high temperature (at least since man began keeping track, for you sticklers) while rain caused flooding in Reno, NV. It’s good to own an HVAC company. The people there and throughout much of the nation c... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.75% -0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.75% -0.02 0.00 15 Yr. Fixed 6.03% 0.00 0.00 30 Yr. FHA 6.33% -0.02 0.00 30 Yr. Jumbo 6.87% -0.01 0.00 7/6 SOFR ARM 6.26% -0.01 0.00 30 Yr. VA 6.35% -0.01 0.00 Updates Daily - Last Update: 7/30 15 Yr. Fixed Rate 6.03% +0.00% Rate Change Points Freddie Mac 30 Yr. Fixed 6.74% -0.01 0.00 15 Yr. Fixed 5.87% -0.05 0.00 Updates Weekly - Last Update: 7/24 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.84% +0.02 0.62 15 Yr. Fixed 6.14% +0.03 0.69 30 Yr. Jumbo 6.75% -0.06 0.70 Updates Weekly - Last Update: 7/23 MBS / Treasuries UMBS 30YR 5.5 99.47 -0.16 Price / Yield Change MBS UMBS 5.5 99.46 -0.16 UMBS 6.0 101.39 -0.10 GNMA 5.5 99.77 -0.11 GNMA 6.0 101.38 -0.06 Pricing as of: 7/30 5:28PM EST 10 Year US Treasury 4.3685 +0.0467 Price / Yield Change US Treasury 2 YR Treasury 3.936 +0.069 5 YR Treasury 3.959 +0.057 7 YR Treasury 4.145 +0.056 10 YR Treasury 4.367 +0.045 30 YR Treasury 4.897 +0.039 Pricing as of: 7/30 5:28PM EST Latest Video U.S. Treasury expects to borrow $1T for Q3, higher than earlier announced U.S. trade delegation arrives for trade talks with China China's top trade negotiator says, U.S.-China pushing to extend tariff truc... Treasury Sec. Scott Bessent: Wouldn't be surprised if EU put on some tariff... Around the Web CNBC Real estate developers say affordable housing could soon become more profitable Marketwatch Home prices post smallest increase in nearly two years, offering buyers a reprieve Eye on Housing A Warning Sign: Homeownership Rate Declines to Lowest Level Since 2019 Marketwatch Job openings decline and hiring tapers off due to trade wars. The good news? Layoffs are still low. Seeking Alpha Wholesale inventories unexpectedly rise in June CNBC U.S. Treasury yields hold steady ahead of Fed meeting Calculated Risk Blog Housing July 28th Weekly Update: Inventory up 0.4% Week-over-week; Down 10% from 2019 Levels Eye on Housing Construction Job Openings Relatively Unchanged in June US Treasury Treasury Announces Marketable Borrowing Estimates US Treasury Economy Statement for the Treasury Borrowing Advisory Committee CNBC Trump: Global baseline tariff will likely be 15% to 20% CNBC A breakthrough and a burden? What the U.S.-EU trade deal means for the auto sector Calculated Risk Blog TSA: Airline Travel Mostly Unchanged YoY

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