Mortgage Rates & Market Updates
Stay informed with today's mortgage rates, market trends, and expert analysis. We monitor the markets daily so you can make confident decisions.
Referral Offer: Use our preferred real estate agent and receive up to $2,000 in closing cost credit. Terms and conditions apply.
Today's Mortgage Rates
Last updated:
Rates shown are for illustrative purposes and reflect current market conditions. Actual rates may vary based on your credit score, loan-to-value ratio, loan amount, property type, and other factors. Contact us for a personalized rate quote.
30-Year Fixed Rate Trend
Tracking the benchmark 30-year fixed mortgage rate over the past 12 months
Rate Forecast
Expert predictions for where mortgage rates are headed based on current economic indicators
Expected gradual decline as inflation cools
Potential Fed rate cut could accelerate decline
Continued easing expected if inflation stays on track
Rates approaching pre-2024 levels
Market Updates & News
Fed Holds Rates Steady, Signals Possible Cut in September
The Federal Reserve maintained its benchmark rate at its July meeting but signaled growing confidence that inflation is trending toward its 2% target. Markets are now pricing in a 68% probability of a rate cut at the September FOMC meeting.
June Housing Starts Exceed Expectations
New residential construction rose 4.8% in June, beating economist forecasts. Single-family starts led the gains, up 6.2% month-over-month, suggesting builders are responding to improving affordability conditions.
CPI Cools to 2.6%, Lowest Since Early 2024
The Consumer Price Index rose 2.6% year-over-year in June, down from 2.9% in May. Core CPI, which excludes food and energy, also moderated to 3.1%. The cooling inflation data helped mortgage rates edge lower this week.
Mortgage Applications Rise as Rates Dip
Mortgage applications increased 2.7% from the previous week, according to the MBA Weekly Mortgage Applications Survey. Refinance activity jumped 5.4% as homeowners took advantage of slightly lower rates.
June Jobs Report: 175K Jobs Added, Unemployment at 4.1%
The labor market showed signs of gradual cooling with 175,000 jobs added in June, slightly below expectations. The unemployment rate ticked up to 4.1%. The softer jobs data supports the case for a Fed rate cut later this year.
Analysts Predict Gradual Rate Decline Through Year-End
Major financial institutions including Goldman Sachs and Morgan Stanley now forecast the 30-year fixed mortgage rate to end 2026 near 5.75%, citing easing inflation and a more accommodative Fed stance.
What Affects Your Mortgage Rate?
Multiple factors influence the rate you receive. Understanding these can help you secure the best possible terms.
Credit Score
Higher credit scores typically qualify for lower rates. A score above 740 usually gets the best pricing.
Down Payment
A larger down payment reduces lender risk and can improve your rate. 20% down also eliminates PMI.
Loan-to-Value Ratio
A lower LTV ratio (loan amount vs. home value) generally results in a better interest rate.
Loan Type
Different loan programs have different rate structures. Government-backed loans often have competitive rates.
Loan Term
Shorter-term loans like 15-year mortgages typically have lower rates than 30-year loans.
Economic Conditions
Broader economic factors like inflation, Fed policy, and bond markets influence all mortgage rates.
Ready to Lock In Your Rate?
Don't wait for rates to change. Get a personalized rate quote and lock in today's rates for up to 90 days. Our team will guide you through every step.
Have Questions About Rates?
Our team is ready to help you navigate the mortgage market and find the best rate for your situation.