Mortgage rates had a tough day on Friday, largely in response to bond market volatility surrounding heavy forex trading as a part of US/Japan efforts to prop up Japanese currency (not a common source of inspiration for rates).  Higher oil prices didn't help. As we begin the new week, de-escalation in the Iran war pushed oil prices much lower. As has been the case frequently during the war, bond yields followed oil prices in relative lock-step.  While it's almost universally true that lower bond yields beget lower mortgage rates, there are occasionally days where the correlation isn't as strong as normal. Today was one of them. Whether or not any given lender was lower than Friday depends largely on whether they raised rates in the middle of the day on Friday. The average lender is still fairly close to the rates seen on Friday morning. Lenders who raised rates on Friday afternoon are generally a bit lower today.

August 3, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.82% -0.01%   5.99% 6.85% 15 Yr. Fixed 6.32% +0.00%   5.55% 6.34% 30 Yr. Jumbo 6.92% +0.01%   6.1% 6.92% Compare Mortgage Rates from Local Lenders for Aug 3, 2026 Mortgage Rates Roughly Unchanged Despite Bond Market Improvement Mon, Aug 3, 2026 3:27PM Mortgage rates had a tough day on Friday, largely in response to bond market volatility surrounding heavy forex trading as a part of US/Japan efforts to prop up Japanese currency (not a common source of inspiration for rates).  Higher oil prices didn't help. As we begin the new week, de-escalation in the Iran war pushed oil prices much lower. As has been the case frequently during the war, bond yields followed oil prices in relative lock-step.  While it's almost universally true that lower bond yields beget lower mortgage rates, there are occasionally days where the correlation isn... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.82% -0.01 0.00 15 Yr. Fixed 6.32% 0.00 0.00 30 Yr. FHA 6.33% -0.01 0.00 30 Yr. Jumbo 6.92% +0.01 0.00 7/6 SOFR ARM 6.36% -0.01 0.00 30 Yr. VA 6.35% -0.01 0.00 Updates Daily - Last Update: 8/3 Freddie Mac Rate Change Points 30 Yr. Fixed 6.66% +0.08 0.00 15 Yr. Fixed 6.04% +0.08 0.00 Updates Weekly - Last Update: 7/30 Mortgage Bankers Assoc. 30 Yr. Fixed 6.76% +0.07 0.69 15 Yr. Fixed 6.15% +0.11 0.84 30 Yr. Jumbo 6.70% +0.26 0.52 Updates Weekly - Last Update: 7/29 UMBS 30YR 5.5 99.33 +0.10   98.89 101.64 UMBS 30YR 6.0 101.37 +0.08   101.05 102.75 10 YR Treasury 4.659 -0.015   3.948 4.736 Stronger Start on Iran News, Stronger Data Taken in Stride Mon, Aug 3, 2026 10:25AM Bonds opened the trading session in much stronger territory, following the drop in oil prices associated with another round of de-escalation hopes in the Iran war. The root cause was the cancellation of planned air strikes as well as comments that suggested a reopening of negotiations. As has been the case, markets don't really care if there's much substance... (read more) MBS Price Change UMBS 5.0 96.95 +0.09 UMBS 5.5 99.33 +0.09 UMBS 6.0 101.37 +0.08 GNMA 5.0 97.19 +0.06 GNMA 5.5 99.67 +0.10 GNMA 6.0 101.78 +0.08 Pricing as of: 8/4 9:04AM EST US Treasury Yield Change 2 YR Treasury 4.226 -0.016 5 YR Treasury 4.371 -0.020 7 YR Treasury 4.511 -0.017 10 YR Treasury 4.661 -0.013 30 YR Treasury 5.216 -0.012 Pricing as of: 8/4 9:04AM EST Other News Webinars, LOS, Title, eNote, Processing Tools; NAR, Owner Wealth, and Dropped Coverage Mon, Aug 3, 2026 11:24AM Non-QM investors are “licking their chops” by using the information that the FHFA, through Freddie and Fannie, is requiring a more thorough lender assessment before approving condo loans beginning today. Non-QM is not. Who is going to say that information isn’t important? Lenders and the markets like knowing what the U.S. Federal Reserve is up to… Now Federa... (read more) Latest Video Fed's Warsh considering holding fewer regularly-scheduled rate meetings: Re... ISM manufacturing PMI rises to 55.6 in July, beating expectations Fed's Logan: 'Prices have continued to rise too rapidly' July Chicago PMI surpasses expectations, comes in at 57.6 Around the Web US Treasury Treasury Announces Marketable Borrowing Estimates Investing Live Atlanta Fed GDPNow growth estimate rises to 6.2% from 5% previously BLS Unemployment rates down in 27 large metro areas, up in 26, over year ended June 2026 CNBC What the market is saying about the U.S. intervention to prop up the yen CNBC U.S. Treasury yields fall as oil prices plunge on Iran de-escalation hopes Reuters US Treasury informed banks that it may intervene in Japan's yen, source says BLS Annual average total nonfarm job openings rates by state Minneapolis Fed Kashkari - Statement on My FOMC Dissent Dallas Fed Statement from Dallas Fed President Lorie Logan on FOMC dissent Investing Live US Construction Spending for June -0.1% vs 0.2% estimate Investing Live US ISM Manufacturing PMI for July 55.6 versus 54.0 estimate S&P Global PMI: US manufacturing sector expansion holds steady but masks softer production and sales growth Investing Live Barkin: Rate decision still a "close call"

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