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: 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 29, 2025 Mortgage Rates Moving Down Again Tue, Jul 29, 2025 3:43PM 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 marke... (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 Relatively Friendly Labor Market Data Adding to Overnight Gains Tue, Jul 29, 2025 10:35AM 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 they can get, the day is off to a good start.  Bonds were initially flat in the overnight session, but beg... (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 10:25AM 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 10:25AM EST Other News Hedging, Borrower Experience; LOs Controlling Their Funnel; Housing and Inflation Numbers Tue, Jul 29, 2025 11:48AM 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 can use some… ice. For ice news of a different type, LOs took note when ICE Mortgage Technology estimated that,... (read more) 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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