August 5, 2026 at 07:11 PM
Matthew GrahamMortgage News Daily
The bond market and mortgage rates have been on the move lower recently after hitting longer term highs at the end of July. Today offered a break from the recent movement with bonds and rates holding perfectly flat day-over-day.
The upside is that this means it's yet another day spent at the lowest levels in more than 2 weeks. The average top-tier 30yr fixed rate remained at 6.75%.
Flat oil prices helped facilitate the flat bond market performance. Risks and opportunities remain in the coming days. If a Hormuz transit agreement is confirmed, rates could certainly fall. If fighting breaks out again, rates could move higher.
Friday's jobs report represents similar "either/or" risks depending on the outcome of the data.
Mortgage Rate Trends
Source: Freddie Mac & U.S. Treasury via FRED — Past 12 months
Disclosure: Any rates, payments, or loan terms referenced in this article are for
informational and educational purposes only and are not a loan offer, rate lock, or commitment to
lend. Actual rates, APR, and terms depend on credit profile, property type, loan amount, and other
factors. All loans subject to credit and property approval.
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