Generally Exciting, But Specifically Boring Heading into the present week, it was incredibly unlikely that we'd see any exciting volatility in the bond market this week.  At the very least, we knew that it was really only Friday's PCE data that carried any notable volatility potential. With 4 days down, the "boring" narrative has prevailed.  Like every other day this week, Thursday saw mild movement and low volatility with very little connection between events and market movement. But as it happens, the mild movements have all been in the same direction this week, and they're starting to add up. To wit: 10yr yields just hit their lowest 3pm CME close since August 4th and the 2nd lowest since April. MBS are doing even better and mortgage rates reflect that.  Econ Data / Events Jobless Claims  229.0K vs 230K f'cast, 235K prev Continued Claims  1954.0K vs 1970K f'cast, 1972K prev Core PCE Prices QoQ FinalQ2 2.5% vs 2.6% f'cast, 3.5% prev Corporate profitsQ2 2.0% vs -3.3% prev GDPQ2 3.3% vs 3.1% f'cast, -0.5% prev GDP deflatorQ2 2.% vs 2% f'cast, 3.8% prev GDP Final SalesQ2 6.8% vs 6.3% f'cast, -3.1% prev Market Movement Recap 09:29 AM Flat overnight and little changed since data.  MBS down 1 tick (.03) and 10yr up less than half a bp at 4.24 12:32 PM Best levels of the day heading into 7yr auction. 10yr down 2.2bps at 4.213.  MBS up 1 tick (.03). 03:37 PM Mostly flat in PM hours.  MBS still up 1 tick (.03) and 10yr down 2.2bps at 4.213

August 28, 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 Aug 28, 2025 30yr Fixed Rates Officially Back to 6.50% Thu, Aug 28, 2025 3:15PM There is no singular, official primary source for mortgage rate levels. The going rate is whatever can be locked/closed at any given lender. As such, we rely on surveys and data aggregations in order to routinely monitor the probable going rate.  The longest-standing weekly survey from Freddie Mac was updated today and, while it showed a decline to the lowest levels since October 2024 (something we agree with), it is too slow-moving to reflect the current reality. Freddie's survey showed 6.56% today, and this would be based on the average of the 5 days from last Thursday through yesterda... (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 Generally Exciting, But Specifically Boring Thu, Aug 28, 2025 4:15PM Generally Exciting, But Specifically Boring Heading into the present week, it was incredibly unlikely that we'd see any exciting volatility in the bond market this week.  At the very least, we knew that it was really only Friday's PCE data that carried any notable volatility potential. With 4 days down, the "bor... (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 Tools for Lenders and Brokers; Homebuyer Survey Interview; Government Programs; CFPB Rulemaking Thu, Aug 28, 2025 8:57AM “Remember how when you were little you could just rip off your diaper and run around naked and everyone thought it was so cute and funny? Anyway, I need bail money.” Money makes the world go ‘round. Fed President Lisa Cook was fired earlier this week based on claims of occupancy fraud, and while I agree with many of you that this Commentary has been writing ... (read more) Latest Video Mortgage fraud risk is on the rise, but lenders catch it more often due to ... Jobless claims hold steady as layoffs stay in check July pending home sales -0.4% monthly vs. +0.3% estimated The E.U. is set to remove tariffs on U.S. industrial goods Around the Web Marketwatch What economists are watching for in tomorrow's PCE inflation and spending data CNBC Pending home sales tick lower in July as canceled contracts spike FXStreet US: Initial Jobless Claims dropped to 229K last week CNBC U.S. economy expanded 3.3% in Q2, with growth even stronger than initially thought Calculated Risk Blog Inflation Adjusted House Prices 2.5% Below 2022 Peak; Price-to-rent index is 9.8% below 2022 peak CNBC Treasury yields hold steady as investors look ahead to key inflation gauge Calculated Risk Blog Final Look at Local Housing Markets in July and a Comment on July Sales from Tom Lawler Richmond Fed Tariff Cost Pass-through Among Fifth District Firms Eye on Housing Wood-Framed Home Share Increased in 2024 Calculated Risk Blog MBA: Mortgage Applications Decrease in Latest Weekly Survey Eye on Housing Most Home Builders are Small Businesses CNBC An indicator of commercial real estate transaction volume just improved for the first time this year CNBC Treasury yields little changed as investors look ahead to key inflation data

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