Daily Rate Commentary — Friday, July 31
Mortgage Rates Climb Again as Inflation Keeps the Bond Market Cautious
Mortgage rates moved higher this week, reminding buyers that the path toward lower borrowing costs remains uneven. Freddie Mac’s weekly survey showed the average 30-year fixed mortgage at 6.66% as of…
By Minh Duong
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Rates, market news, and what it means for you — in plain English.
30-Year Fixed
6.65%▲0.12
$1,605 / mo est.
15-Year Fixed
6.03%▲0.06
$2,114 / mo est.
Jumbo
6.53%▲0.11
$1,585 / mo est.
5/1 ARM
6.59%▲0.24
$1,595 / mo est.
FHA
6.43%▲0.01
$1,569 / mo est.
VA
6.11%▲0.00
$1,517 / mo est.
Upcoming important economic events
- Aug 3ISM Manufacturing PMI (Jul)10:00 AM
- Aug 4JOLTs Job Openings (Jun)10:00 AM
- Aug 5ISM Non-Manufacturing PMI (Jul)10:00 AM
- Aug 5ISM Non-Manufacturing Prices (Jul)10:00 AM
- Aug 5ISM Services PMI (Jul)10:00 AM
- Aug 7Non Farm Payrolls (Jul)8:30 AM
What would your payment be?
$2,054 / mo
Principal & interest only — estimate, not a quote.
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