Daily Rate Commentary — Tuesday, July 28
Mortgage Demand Is Holding Up Even as Rates Stay Above 6.5%
Mortgage rates have been moving in the wrong direction for borrowers during July, but home-loan demand has not disappeared. That contrast is the most useful mortgage-market story to watch this week. …
By Mike Sutton
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Rates, market news, and what it means for you — in plain English.
30-Year Fixed
6.52%▼0.08
$1,583 / mo est.
15-Year Fixed
5.88%▼0.12
$2,093 / mo est.
Jumbo
6.43%▼0.04
$1,569 / mo est.
5/1 ARM
6.35%▼0.27
$1,556 / mo est.
FHA
6.44%▼0.04
$1,570 / mo est.
VA
5.98%▲0.01
$1,496 / mo est.
Upcoming important economic events
- Jul 29Fed Interest Rate Decision2:00 PM
- Jul 29FOMC Economic Projections2:00 PM
- Jul 29Fed Press Conference2:30 PM
- Jul 29Press Conference2:30 PM
- Jul 30Core PCE Price Index MoM (Jun)8:30 AM
- Jul 30GDP Growth Rate QoQ (Q2)8:30 AM
What would your payment be?
$2,027 / mo
Principal & interest only — estimate, not a quote.
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