Rate Watch
MINIMAL: Bond market neutral — minimal rate movement expected today.
The morning safe-haven bid in Treasuries has partially unwound at midday. 10-year yield at 4.545%, up about 2.5 basis points from this morning's open, as the early risk-off demand fades. UMBS 5.0 is holding at 97-23 — unchanged from morning — so rate sheets haven't moved.
The Treasury backup is modest and MBS is absorbing it cleanly. Nothing has changed the picture from this morning: 6.68% is still where rate sheets sit, the summer ceiling break from earlier in the week is intact, and the next real input is next week's data calendar. Today looks like it closes where it opened. — David Burson, NetRate Mortgage
Read more ↓Treasury Yields
NetRate Mortgage vs MND
Same scenario, side by side
| Product | NetRate Mortgage | MND National Avg | MND Day Change | Your Savings |
|---|---|---|---|---|
30-Yr Fixed Conventional | 6.375% | 6.630% | -0.050% ↓ | −0.255% |
15-Yr Fixed Conventional | 5.625% | 6.160% | -0.030% ↓ | −0.535% |
FHA 30-Yr Government | 5.750% | 6.250% | 0.000% | −0.500% |
VA 30-Yr Veteran | 5.875% | 6.260% | 0.000% | −0.385% |
Jumbo 30-Yr Conforming Plus | — | — | — | — |
780+ FICO · 75% LTV · Purchase · Owner-occupied | National benchmark from Mortgage News Daily (MND)
Economic Calendar
Rate History
Benchmark Index Rates
What’s Moving Rates
The Treasury backup is modest and MBS is absorbing it cleanly. Nothing has changed the picture from this morning: 6.68% is still where rate sheets sit, the summer ceiling break from earlier in the week is intact, and the next real input is next week's data calendar. Today looks like it closes where it opened. — David Burson, NetRate Mortgage
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About NetRate Mortgage's Rate Watch
NetRate Mortgage tracks daily mortgage rates sourced directly from our lender partners. Unlike survey-based averages from Freddie Mac or Bankrate, our data reflects actual rates available to licensed mortgage brokers — updated every business day.
The national average rate shown on this page comes from Freddie Mac's Primary Mortgage Market Survey (PMMS), published weekly. This survey-based rate includes approximately 0.7 discount points and reflects retail pricing offered directly to consumers by banks and lenders.
The difference between broker pricing and retail pricing exists because retail lenders build their margin, overhead, and profit into the rate they quote you. When you work with a mortgage broker like NetRate Mortgage, you access lender pricing directly and pay a transparent broker fee instead — typically resulting in a lower overall cost.
Our rate history data begins in December 2025 and grows every day. This proprietary dataset tracks rates by credit score tier (760+, 740-759, 700-719) for a standard purchase scenario: $400,000 loan amount, 75% LTV, single-family residence.
Market commentary is for informational purposes only and does not constitute financial advice. Rates shown are par rates (zero discount points) and are subject to change without notice. Actual rates depend on individual borrower qualifications including credit score, loan amount, property type, and occupancy. National average data sourced from Freddie Mac Primary Mortgage Market Survey via FRED (Federal Reserve Economic Data). This product uses the FRED API but is not endorsed or certified by the Federal Reserve Bank of St. Louis. NetRate Mortgage LLC NMLS #1111861. Equal Housing Opportunity.