After bottoming out around 6.5% in late June, mortgage rates moved steadily higher this month, ultimately hitting 6.85% last Thursday--the highest level in over a year. There was a modest recovery on Friday with a fair amount of intraday changes from the average mortgage lender.  Because rates are based on bonds, it's worth noting that bonds are in better shape today compared to Friday's latest levels. But if we use Friday's stronger mid-day levels as a baseline, bonds are just barely stronger. As such, it's no surprise to see mortgage rates just barely lower. The key consideration for the bond market over the weekend was the announcement of a pause in the fighting in Iran. This helped oil prices move lower, thus lowering inflation implications and bond yields. This is the financial market's way of saying interest rates can also come down.  The caveat is of course that a resurgence of fighting in Iran could cause oil and inflation expectations to rise again, thus putting renewed pressure on rates. In addition, Wednesday's Fed announcement is also a potential source of volatility. The Fed is not expected to hike or cut, but the market is less convicted than normal about the Fed's likely course of action. That means the result will be somewhat surprising to a larger share of the market than normal, and that's a recipe for volatility.

July 27, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.80% -0.01%   5.99% 6.85% 15 Yr. Fixed 6.33% -0.01%   5.55% 6.34% 30 Yr. Jumbo 6.90% +0.00%   6.1% 6.92% Compare Mortgage Rates from Local Lenders for Jul 27, 2026 Mortgage Rates Roughly Unchanged Versus Friday's Lows Mon, Jul 27, 2026 2:44PM After bottoming out around 6.5% in late June, mortgage rates moved steadily higher this month, ultimately hitting 6.85% last Thursday--the highest level in over a year. There was a modest recovery on Friday with a fair amount of intraday changes from the average mortgage lender.  Because rates are based on bonds, it's worth noting that bonds are in better shape today compared to Friday's latest levels. But if we use Friday's stronger mid-day levels as a baseline, bonds are just barely stronger. As such, it's no surprise to see mortgage rates just barely lower. The key consideration for ... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.80% -0.01 0.00 15 Yr. Fixed 6.33% -0.01 0.00 30 Yr. FHA 6.36% -0.01 0.00 30 Yr. Jumbo 6.90% 0.00 0.00 7/6 SOFR ARM 6.38% -0.01 0.00 30 Yr. VA 6.37% -0.02 0.00 Updates Daily - Last Update: 7/27 Freddie Mac Rate Change Points 30 Yr. Fixed 6.58% +0.03 0.00 15 Yr. Fixed 5.96% +0.03 0.00 Updates Weekly - Last Update: 7/23 Mortgage Bankers Assoc. 30 Yr. Fixed 6.69% +0.04 0.62 15 Yr. Fixed 6.04% -0.01 0.87 30 Yr. Jumbo 6.44% -0.18 0.45 Updates Weekly - Last Update: 7/22 UMBS 30YR 5.5 99.30 +0.18   98.97 101.64 UMBS 30YR 6.0 101.25 +0.07   101.05 102.75 10 YR Treasury 4.642 -0.041   3.948 4.708 Less Bombing. More Rallying Mon, Jul 27, 2026 8:51AM It's a pretty simple morning for the bond market (and many other markets). While there's no formal ceasefire, both the U.S. and Iran have indicated a pause in the tit for tat airstrikes that have characterized most of July. Oil dropped sharply on the news though it's not clear exactly how much because markets were fully closed at the time. Still, it's safe t... (read more) MBS Price Change UMBS 5.0 97.00 +0.23 UMBS 5.5 99.27 +0.15 UMBS 6.0 101.27 +0.08 GNMA 5.0 97.32 +0.20 GNMA 5.5 99.64 +0.07 GNMA 6.0 101.75 +0.10 Pricing as of: 7/27 4:20PM EST US Treasury Yield Change 2 YR Treasury 4.326 -0.017 5 YR Treasury 4.405 -0.029 7 YR Treasury 4.515 -0.034 10 YR Treasury 4.646 -0.037 30 YR Treasury 5.127 -0.034 Pricing as of: 7/27 4:20PM EST Other News DSCR, HELOC, Market Analysis, Pricing Rule Tools; FHA, HUD, Ginnie Changes Mon, Jul 27, 2026 11:45AM In 2025, the IMF reported that, across the globe, companies, households, and countries had amassed $251 trillion in debt. Looking toward the end of 2026, J.P. Morgan has warned that interest rates on such borrowings are set to spike, owing largely to dwindling populations and diminishing fiscal discipline. JPMorgan’s Joyce Chang and team unpacked the “six D’... (read more) Latest Video Taylor Morrison CEO: Strong housing sales data speaks to desire and need fo... June new home sales exceed expectations Brent crosses $100 as oil prices spike on Houthi strikes S&P Flash U.S. Manufacturing PMI comes in at 53.8 in July Around the Web Investing Live US Treasury sells $70B of 5 year notes at a high yield of 4.408% Investing Live US treasury sells $16 billion of two-year notes at a high yield of 4.315% CNBC Federal Reserve is likely to hold interest rates steady. Here's what that means for consumers Marketwatch Oil prices see largest one-day declines in two months amid pause in strikes CNBC Treasury yields tumble as Middle East tensions ease Dallas Fed Texas Manufacturing Outlook Survey Investing Live US advanced Durable Goods orders for June 0.3% vs 2.5% expected Eye on Housing Share of Apartments Built in Buildings with 50+ Units Moves Higher in 2025 CNBC Oil shipments are under attack on multiple fronts as fighting escalates in Red Sea, Hormuz and Black Sea Investing Live US new-home sales for the month of June 0.628M versus 0.610M estimate Investing Live NY Times: Trump meets with top advisors to decide whether to increase military pressure on Iran Investing Live Pakistan is exploring a path toward a resumption of US – Iran talks. Oil moves lower Investing Live The July Flash S&P Global Manufacturing 53.8 vs 54.3 estimate

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