Daily Rate Commentary — Saturday, August 29
The Fed's chairman spoke Friday, and mortgage rates went up the same afternoon
Kevin Warsh told an audience in Wyoming that inflation is still too high and that money isn't tight enough. Traders heard “we might raise rates,” and lenders repriced within hours. Here's what it mea…
By Malcolm Dee
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Rates, market news, and what it means for you — in plain English.
30-Year Fixed
6.53%▼0.01
$1,585 / mo est.
15-Year Fixed
5.95%▲0.04
$2,103 / mo est.
Jumbo
6.52%▲0.08
$1,583 / mo est.
5/1 ARM
6.30%▲0.02
$1,547 / mo est.
FHA
6.48%—
$1,577 / mo est.
VA
6.13%▼0.03
$1,520 / mo est.
Upcoming important economic events
- Sep 1ISM Manufacturing PMI (Aug)10:00 AM
- Sep 1JOLTs Job Openings (Jul)10:00 AM
- Sep 2ADP Employment Change (Aug)8:15 AM
- Sep 3Continuing Jobless Claims (Aug/22)8:30 AM
- Sep 3Initial Jobless Claims (Aug/29)8:30 AM
- Sep 3Jobless Claims 4-Week Average (Aug/29)8:30 AM
What would your payment be?
$2,029 / mo
Principal & interest only — estimate, not a quote.
Open the calculators →