Daily Newsletter: Tuesday September 1, 2026

Newsletter Preview

View our most recent newsletter below, or use the date selector to view past newsletters.

September 1, 2026

Download our Mobile App:

Download our Mobile App:

Compare Mortgage Rates from Local Lenders for Sep 1, 2026

Mortgage Rates Pushing New Long-Term Highs

Tue, Sep 1, 2026 4:02PM

Fighting intensified today between the U.S. and Iran. Oil prices moved higher fairly quickly and bond yields followed. This has been a common pattern during the Iran war as higher oil prices imply higher inflation which, in turn, implies higher yields/rates. Yesterday's average top-tier 30yr fixed rate hit the highest levels since June 2025. Today's increase was modest in the bigger picture. At 6.89%, we're still well below that June 2025 high of 6.97%. [thirtyyearmortgagerates] (read more)

Mortgage News Daily	Rate	Change	Points
30 Yr. Fixed	6.89%	+0.02	0.00
15 Yr. Fixed	6.39%	+0.01	0.00
30 Yr. FHA	6.41%	+0.01	0.00
30 Yr. Jumbo	6.92%	0.00	0.00
7/6 SOFR ARM	6.45%	+0.03	0.00
30 Yr. VA	6.43%	+0.01	0.00
Updates Daily - Last Update: 9/1

Freddie Mac	Rate	Change	Points
30 Yr. Fixed	6.66%	+0.01	0.00
15 Yr. Fixed	5.98%	+0.03	0.00
Updates Weekly - Last Update: 8/27

Mortgage Bankers Assoc.
30 Yr. Fixed	6.78%	+0.01	0.66
15 Yr. Fixed	6.10%	+0.02	0.90
30 Yr. Jumbo	6.73%	+0.02	0.50
Updates Weekly - Last Update: 8/26

Selling Continues And It's Not Just Oil

Tue, Sep 1, 2026 9:45AM

Bond yields broke long term highs yesterday and are moving slightly higher again today. In both cases, we're NOT seeing the same level of intraday correlation with oil prices that we've almost always seen on days without another compelling motivation for bonds. That said, oil prices still moved higher, so we can't discount its impact. If we zoom out, th... (read more)

MBS	Price	Change
UMBS 5.0	96.14	-0.36
UMBS 5.5	98.69	-0.32
UMBS 6.0	100.91	-0.21
GNMA 5.0	96.48	-0.39
GNMA 5.5	99.00	-0.34
GNMA 6.0	101.18	-0.19
Pricing as of: 9/1 8:56PM EST

US Treasury	Yield	Change
2 YR Treasury	4.398	+0.052
5 YR Treasury	4.556	+0.050
7 YR Treasury	4.669	+0.055
10 YR Treasury	4.799	+0.047
30 YR Treasury	5.277	+0.034
Pricing as of: 9/1 8:56PM EST

Other News

2nd Lien Reverse, Conversion, Settlement Tools; Bill Cosgrove on Consolidation; Agency News

Tue, Sep 1, 2026 11:50AM

I don’t know where August went, but it went somewhere. We’re now two thirds of the way through the 3rd quarter of 2026. Lenders and vendors are adapting to a lackluster homebuying “season,” stubborn rates, and origination costs around $11k per loan. Lenders are trying to drive that cost down through higher pull through. Labor Day is next Monday, and “Talk Li... (read more)

Latest Video

Job openings and labor turnover comes in at 7.27 million

Buying a condo could soon get more complicated. Here's what to know.

S&P Global U.S. Manufacturing PMI comes in at 53.9 in August

Watch CNBC's full interview with Treasury Secretary Scott Bessent

Around the Web

Atlanta Fed

US Atlanta Fed GDPNow Q3: 4.82% (prev 4.40%)

CNBC

Fed Governor Barr says he'll support rate hike if inflation doesn't ease

CNBC

Mortgage rates surge to the highest since June 2025 as new Middle East attacks push oil prices up

Eye on Housing

Number of Open Construction Sector Positions Rising

CNBC

Markets see Warsh endorsing a rate hike in September. Not everyone is convinced

Eye on Housing

Serious Delinquencies Edge Lower While Mortgage Transitions Rise

Institute for Supply Management

ISM Manufacturing PMI at 54.6%

CNBC

How one of the largest investors in student housing is playing this school year

CNBC

Treasury yields move higher as Middle East tensions return to focus

CNBC

G20 finance meeting live updates: Bessent, Warsh to give remarks

Investing Live

S&P global manufacturing PMI final for August 53.9 versus 53.2 preliminary

Eye on Housing

HBGI Q2 2026: Single-Family Construction Contracts Broadly While Multifamily Expands

Eye on Housing

Single-Family AD&C Lending Falls Back in Q2

Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc.

This email was sent to: [recipientemail]. Go here to UNSUBSCRIBE from this email.