Daily Rate Commentary — Wednesday, July 29
Fed Holds Rates Steady, but Mortgage Rates Stay Under Pressure After a Hawkish 9–3 Vote
Chart: Federal funds rate, 10-year Treasury yield, and the average 30-year fixed mortgage rate. Source: FRED, Federal Reserve Bank of St. Louis . The mortgage series is provided by Freddie Mac; Treas…
By Minh Duong
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Rates, market news, and what it means for you — in plain English.
30-Year Fixed
6.57%▲0.03
$1,592 / mo est.
15-Year Fixed
6.01%▲0.10
$2,111 / mo est.
Jumbo
6.43%▼0.03
$1,569 / mo est.
5/1 ARM
6.42%▲0.05
$1,567 / mo est.
FHA
6.40%▼0.05
$1,564 / mo est.
VA
5.99%▲0.01
$1,497 / mo est.
Upcoming important economic events
- Jul 30Core PCE Price Index MoM (Jun)8:30 AM
- Jul 30GDP Growth Rate QoQ (Q2)8:30 AM
- Jul 30Gross Domestic Product QoQ (Q2)8:30 AM
- Jul 30Personal Income MoM (Jun)8:30 AM
- Jul 30Personal Spending MoM (Jun)8:30 AM
- Aug 3ISM Manufacturing PMI (Jul)10:00 AM
What would your payment be?
$2,037 / mo
Principal & interest only — estimate, not a quote.
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