Mortgage application activity eased last week, but not in a statistically significant way.  One might be inclined to note a very slight uptick in mortgage rates, but it's just as fair to say that rates held steady near longer-term lows.  The Mortgage Bankers Association’s weekly survey showed a 1.4% decline in the seasonally adjusted Composite Index for the week ending August 15, 2025. “Mortgage rates increased slightly last week, with the 30-year fixed rate now at 6.68 percent,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist. VA applications fell 16%, while FHA refinance applications increased as FHA rates remained comparatively competitive. The Refinance Index decreased 3% week-over-week but remains about 23% higher than the same week a year ago. The Purchase Index was essentially flat (+0.1% seasonally adjusted) and is running about 23% ahead of last year’s level. The refinance share of total mortgage applications slipped to 46.1%. ARM share decreased to 8.6%. FHA share rose to 19.1%, while VA share declined to 13.4%. Mortgage Rate Summary: 30yr Fixed: 6.68% (from 6.67%) | Points: 0.60 (down from 0.64) 15yr Fixed: 5.96% (from 5.93%) | Points: 0.70 (up from 0.63) Jumbo 30yr: 6.64% (from 6.70%) | Points: 0.60 (up from 0.56) FHA: 6.39% (from 6.40%) | Points: 0.66 (down from 0.77) 5/1 ARM: 6.01% (from 5.80%) | Points: 0.63 (down from 0.67)

August 20, 2025 Download our Mobile App: Download our Mobile App: Housing News Mortgage Applications Inconsequentially Lower vs Last Week Mortgage application activity eased last week, but not in a statistically significant way.  One might be inclined to note a very slight uptick in mortgage rates, but it's just as fair to say that rates held steady near longer-term lows.  Th... (read more) MBS Commentary Almost No Reaction to Fed Minutes Almost No Reaction to Fed Minutes As expected, today's Fed Minutes (a more detailed account of the meeting that took place 3 weeks ago) had very little impact on the bond market. Markets honed in on one newsw... (read more) Mortgage Rate Watch Mortgage Rates Barely Budge For the 11th straight business day, mortgage rates are very close to the levels from the end of the previous day.  Over the past week, however, most of these small day-to-day movements have been microscopically higher.  Today's is no except... (read more) Rob Chrisman Broker Services, HELOC, Best Practices, Debt Tools; Voice of the Industry; MBA Applications “I asked a German girl if Germans are afraid of numbers. She said 9!” Numbers make up the bond market, and a steeper yield curve (the difference between short-term rates and long-term rates… steeper = more of a difference) tends to help banks and cre... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.62% +0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.62% +0.01 0.00 15 Yr. Fixed 5.97% 0.00 0.00 30 Yr. FHA 6.22% +0.03 0.00 30 Yr. Jumbo 6.67% -0.01 0.00 7/6 SOFR ARM 6.11% -0.02 0.00 30 Yr. VA 6.23% +0.02 0.00 Updates Daily - Last Update: 8/21 15 Yr. Fixed Rate 5.97% +0.00% Rate Change Points Freddie Mac 30 Yr. Fixed 6.58% 0.00 0.00 15 Yr. Fixed 5.69% -0.02 0.00 Updates Weekly - Last Update: 8/21 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.68% +0.01 0.60 15 Yr. Fixed 5.96% +0.03 0.70 30 Yr. Jumbo 6.64% -0.06 0.60 Updates Weekly - Last Update: 8/20 MBS / Treasuries UMBS 30YR 5.5 100.02 +0.04 Price / Yield Change MBS UMBS 5.5 100.02 +0.04 UMBS 6.0 101.80 +0.04 GNMA 5.5 100.28 +0.05 GNMA 6.0 101.72 +0.02 Pricing as of: 8/22 10:15AM EST 10 Year US Treasury 4.3130 -0.0132 Price / Yield Change US Treasury 2 YR Treasury 3.787 +0.002 5 YR Treasury 3.844 -0.017 7 YR Treasury 4.050 -0.010 10 YR Treasury 4.312 -0.014 30 YR Treasury 4.901 -0.016 Pricing as of: 8/22 10:15AM EST Latest Video TD Cowen's Jeffrey Solomon: We think Fed's next move is to cut rates but no... CNBC Fed Survey: Respondents believe Kevin Hassett will be next Fed chair Fed Governors Waller, Bowman look to blockchain to update central bank's se... Fed minutes show participants noted risks to inflation and employment Around the Web CNBC Here's what's keeping home buyers on the sidelines even as mortgage rates hit a 10-month low CNBC Divided Fed worried about tariffs, inflation and the labor market, minutes show Eye on Housing Retreat for Single-Family Built-for-Rent Housing Federal Reserve FOMC Minutes Full Text CNBC Weekly mortgage demand stalls again with just miniscule increase in interest rates CNBC The senior living market cant keep up with demand as boomers age Eye on Housing Growth for Custom Home Building CNBC Treasury yields hold steady as investors await Fed meeting minutes Calculated Risk Housing Starts Increased to 1.428 million Annual Rate in July Calculated Risk Blog California Home Sales Down Year-over-year for 4th Straight Month Calculated Risk Blog FOMC Minutes: "Committee might face difficult tradeoffs" regarding Unemployment and Inflation Calculated Risk Blog AIA: "Business at architecture firms remains soft" in July Calculated Risk Blog DOT: Vehicle Miles Driven Increased 1.5% year-over-year

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