Existing-home sales held roughly steady in August after tepid uptick in July. That NAR reported a seasonally adjusted annual rate of 4.0 million , down 0.2% from July but 1.8% higher than a year ago. Sales have now hovered near 75% of pre-pandemic norms for three years, reflecting the same constrained but stable environment that has defined the market since 2022. NAR Chief Economist Lawrence Yun said mortgage rates are beginning to ease and inventory is slowly improving, which should help future sales. He added that record-high housing wealth and a strong stock market may support move-up activity, even as the lower end of the market remains tight. Regional Breakdown (Sales and Prices, August 2025) Region Sales (annual rate) MoM Change Median Price YoY Change Northeast 480k -4.0% $534,200 +6.2% Midwest 960k +2.1% $330,500 +4.5% South 1.83m -1.1% $364,100 +0.4% West 730k +1.4% $624,300 +0.6% National Market Stats

September 26, 2025 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.38% +0.00%   6.13% 7.26% 15 Yr. Fixed 5.90% +0.00%   5.55% 6.59% 30 Yr. Jumbo 6.28% -0.01%   6.14% 7.45% Compare Mortgage Rates from Local Lenders for Sep 26, 2025 Mortgage Rates End Week as it Began Fri, Sep 26, 2025 3:54PM Last week was a wild one for mortgage rates with the lowest levels in nearly a year on Monday and an abrupt spike after Wednesday's Fed announcement.  The present week has been completely different with each day seeing minimal change compared to the previous session.  Today was no exception. This was actually a logical outcome based on the morning's economic data.  PCE inflation--the broadest inflation metric and the Fed's favorite--came in right in line with forecasts.  If it had been noticeably higher or lower rates would likely have moved up or down accordingly. Top ti... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.38% 0.00 0.00 15 Yr. Fixed 5.90% 0.00 0.00 30 Yr. FHA 6.07% -0.02 0.00 30 Yr. Jumbo 6.28% -0.01 0.00 7/6 SOFR ARM 5.84% +0.02 0.00 30 Yr. VA 6.09% -0.01 0.00 Updates Daily - Last Update: 9/29 Freddie Mac Rate Change Points 30 Yr. Fixed 6.30% +0.04 0.00 15 Yr. Fixed 5.49% +0.08 0.00 Updates Weekly - Last Update: 9/25 Mortgage Bankers Assoc. 30 Yr. Fixed 6.34% -0.05 0.57 15 Yr. Fixed 5.70% +0.07 0.69 30 Yr. Jumbo 6.44% -0.04 0.34 Updates Weekly - Last Update: 9/24 UMBS 30YR 5.0 99.22 +0.10   95.05 100.16 UMBS 30YR 5.5 100.84 +0.08   97.47 101.32 10 YR Treasury 4.137 -0.035   3.738 4.780 Minimal Reaction to PCE Data Fri, Sep 26, 2025 10:36AM PCE may be the most relevant inflation report when it comes to assessing progress toward the Fed's 2% target, but it is not the most relevant report to the bond market. The reporting lag is the key issue.  Today's report is for the ancient past (August), and we already got CPI/PPI 2 weeks ago. Additionally, CPI/PPI help forecasters hone in on likely PCE... (read more) MBS Price Change UMBS 4.5 97.10 +0.16 UMBS 5.0 99.22 +0.09 UMBS 5.5 100.84 +0.08 GNMA 4.5 97.03 +0.15 GNMA 5.0 99.49 +0.04 GNMA 5.5 100.68 -0.04 Pricing as of: 9/29 3:02PM EST US Treasury Yield Change 2 YR Treasury 3.631 -0.008 5 YR Treasury 3.740 -0.027 7 YR Treasury 3.924 -0.038 10 YR Treasury 4.140 -0.032 30 YR Treasury 4.704 -0.051 Pricing as of: 9/29 3:02PM EST Other News Nothing New For Existing Home Sales Fri, Sep 26, 2025 3:01PM Existing-home sales held roughly steady in August after tepid uptick in July. That NAR reported a seasonally adjusted annual rate of 4.0 million , down 0.2% from July but 1.8% higher than a year ago. Sales have now hovered near 75% of pre-pandemic norms for three years, reflecting the same constrained but stable environment that has defined the market since... (read more) Did Rates Have Anything to do With Big Surge in Home Sales? Fri, Sep 26, 2025 2:33PM New home sales surged in August, breaking a two-year stretch of range-bound activity. The Census Bureau and HUD reported a seasonally adjusted annual rate of 800,000 , up 20.5% from July’s revised 664,000 and 15.4% above August 2024’s 693,000. This is the strongest monthly gain since the pandemic boom and a clear departure from the prior sideways trend. The... (read more) Reverse, Non-QM, Borrower-Mining Tools; GSE's Withdraw From NGFS; Tariff and Inflation News Fri, Sep 26, 2025 11:48AM Call them wretched or call them splendid, in Japan, robots and service bots run some restaurants and are indeed taking the place of humans, who have no doubt, been displaced. In displacement (and labor) news in the United States, call it posturing or real, the Trump Administration’s budget office is threatening mass firings if the federal government shuts do... (read more) Latest Video Here's what a government shutdown could mean for the economy U.S. 10-year bond yield nears key level Core inflation rate held at 2.9% in August, as expected, Fed’s gauge shows Consumer sentiment comes in at 55.1 vs. 55.4 estimated Around the Web CNBC Core inflation rate held at 2.9% in August, as expected, Feds gauge shows Calculated Risk Blog FHFAs Q2 National Mortgage Database: Outstanding Mortgage Rates, LTV and Credit Scores Fox Business US economy grew faster than expected in the second quarter CNBC Jobless claims tumble to 218,000, well below estimate despite fears of labor market weakness Eye on Housing State/Local Property Tax Revenue Share Falls for Third Straight Quarter CNBC Existing home sales stall in August amid higher mortgage rates Calculated Risk Blog Personal Income Increased 0.4% in August; Spending Increased 0.6% Calculated Risk Blog Q3 GDP Tracking: Movin' on Up CNBC Treasury yields little changed as investors await key inflation report Calculated Risk Blog ICE First Look at August Mortgage Performance: "Delinquencies Up on Calendar Effect; Foreclosure Activity Slowly Trending Higher" CNBC Treasury yields little changed as investors await key jobs data Seeking Alpha August durable goods orders surprise higher on transportation equipment Calculated Risk Blog Hotels: Occupancy Rate Decreased 1.1% Year-over-year

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