Mortgage rates finally had a decent day on Thursday after spending the previous three days inching into the highest levels in more than a year. Part of the improvement was due to comments from Fed Governor Chris Waller who said that it wouldn't be necessary to hike rates at the next meeting unless inflation data surprises to the upside. Before that, the underlying bond market was already showing some resilience in overnight trading. The prevailing pattern has been a fairly reliable correlation between bond yields and oil prices. But this time around, yields held fairly steady in the overnight session even though oil prices moved higher. Mortgage rates are based on bonds, and mortgage-specific bonds correlate almost flawlessly with 5-10yr U.S. Treasuries on any given day. The net effect was a return to the week's lowest levels for a top-tier 30yr fixed rate at the average lender.  Good news notwithstanding, risks remain on the horizon. Friday morning brings important economic data in the form of the jobs report. Next week's inflation data will be just as critical. As always, data-related volatility cuts both ways. If it's much weaker than expected, rates would likely continue lower.  But if it's much higher than expected, rates would likely make new highs. 

September 3, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.88% -0.03%   5.99% 6.91% 15 Yr. Fixed 6.48% -0.02%   5.55% 6.5% 30 Yr. Jumbo 7.05% +0.05%   6.1% 7.05% Compare Mortgage Rates from Local Lenders for Sep 3, 2026 Mortgage Rates Drop to Week's Best Levels Thu, Sep 3, 2026 3:59PM Mortgage rates finally had a decent day on Thursday after spending the previous three days inching into the highest levels in more than a year. Part of the improvement was due to comments from Fed Governor Chris Waller who said that it wouldn't be necessary to hike rates at the next meeting unless inflation data surprises to the upside. Before that, the underlying bond market was already showing some resilience in overnight trading. The prevailing pattern has been a fairly reliable correlation between bond yields and oil prices. But this time around, yields held fairly steady in the overnight... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.88% -0.03 0.00 15 Yr. Fixed 6.48% -0.02 0.00 30 Yr. FHA 6.44% -0.01 0.00 30 Yr. Jumbo 7.05% +0.05 0.00 7/6 SOFR ARM 6.47% -0.04 0.00 30 Yr. VA 6.46% -0.01 0.00 Updates Daily - Last Update: 9/3 Freddie Mac Rate Change Points 30 Yr. Fixed 6.71% +0.05 0.00 15 Yr. Fixed 6.04% +0.06 0.00 Updates Weekly - Last Update: 9/3 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 UMBS 30YR 5.5 98.93 +0.11   98.67 101.64 UMBS 30YR 6.0 101.09 +0.09   100.90 102.75 10 YR Treasury 4.771 -0.009   3.948 4.803 Some Signs of Resilience Thu, Sep 3, 2026 9:56AM There were two separate positive developments for bonds this morning. The most obvious and actionable example was series of comments from Fed's Waller in which he basically said he wasn't interested in hiking rates right now unless inflation data surprised to the downside. Fed funds futures and bonds reacted instantly with 10yr yields ultimately dropping 2-3... (read more) MBS Price Change UMBS 5.0 96.46 +0.15 UMBS 5.5 98.93 +0.12 UMBS 6.0 101.09 +0.09 GNMA 5.0 96.77 +0.17 GNMA 5.5 99.21 +0.13 GNMA 6.0 101.24 +0.10 Pricing as of: 9/3 5:42PM EST US Treasury Yield Change 2 YR Treasury 4.340 -0.038 5 YR Treasury 4.520 -0.011 7 YR Treasury 4.637 -0.013 10 YR Treasury 4.772 -0.008 30 YR Treasury 5.252 -0.006 Pricing as of: 9/3 5:42PM EST Other News Hedging, Verification, POS, Data Mining Tools; Rocket Mortgage and RESPA; MISMO Motors On Thu, Sep 3, 2026 11:04AM Broker and Lender Products, Software, and Services As AI becomes embedded across the mortgage lifecycle, lenders are rethinking how they use data to drive decisions and automate workflows. They aren’t looking for more reports. They want solutions that help them detect signals, whether it's a change in borrower status, a counterparty risk flag, or a market ... (read more) Latest Video Fed Governor Waller indicates he will support holding rates steady at Septe... ISM non-manufacturing PMI comes in at 55.4 in August, beating expectations Bond markets are worried about inflation and deficits, says WSJ's Greg Ip Fed's Beige Book reports economic activity increased modestly Around the Web Investing Live Preview: August non-farm payrolls by the numbers Federal Reserve Waller, The Economic Outlook and Some Comments on My PolicyCommunication CNBC Fed Governor Waller indicates he will support holding rates steady at September meeting BLS Job openings rate little changed at 4.4 percent in July 2026 S&P Global Activity and new business intakes rise at fastest rates since end of 2024 Investing Live US trade deficit widens sharply in July as AI-related imports surge Investing Live US Initial Jobless claims 206K vs 205K estimate CNBC New York Fed's Williams says yield surge due to strong economic prospects Reuters Trump aides seek 'quiet' in Iran war but say attacks may intensify after November elections Eye on Housing Private Residential Construction Spending Continues to Weaken CNBC Treasury yields move lower as traders await fresh data amid bond sell-off BLS Utilities fastest job growth, private healthcare and social assistance most new jobs, projected 2025–35 Investing Live US factory orders for the month of July 0.9% versus 0.6% expected

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