Rate Watch
Wholesale mortgage rates, updated dailyDaily Mortgage Rate Snapshot
Live wholesale mortgage rates updated every business day. See how NetRate compares to the national average and track trends over time.
NetRate vs National Average
Wholesale rate vs Mortgage News Daily national average
| Product | NetRate | Nat'l Avg | Change | You Save |
|---|---|---|---|---|
30-Yr Fixed Conforming | 6.125% | — | — | — |
15-Yr Fixed Conforming | 5.500% | — | — | — |
FHA 30-Yr Government | 5.625% | — | — | — |
VA 30-Yr Military | 6.000% | — | — | — |
NetRate: wholesale rate · 780+ FICO · 75% LTV · Purchase | Nat'l Avg: Mortgage News Daily index · 780 FICO · adjusted for points | Source: mortgagenewsdaily.com
30-Year Fixed Mortgage Rate — NetRate vs National Average
NetRate: wholesale par rate (zero points) · Purchase · $400K · 75% LTV | Freddie Mac: national avg with ~0.7 points
Today's Rates (780+ credit)
| Product | Rate |
|---|---|
| 30yr Fixed | 6.125%(6.222% APR) -0.240 |
Treasury Yields
Economic Calendar
What Happened Today
Markets are digesting the latest economic data and Fed commentary. Treasury yields have been volatile as investors weigh inflation concerns against signs of economic cooling. The path forward depends on upcoming data releases.
Mortgage rates track the 10-year Treasury closely, and both have been range-bound over the past few weeks. The next major catalyst will be the April jobs report — a weaker number could push rates back toward February lows, while a strong print would keep them elevated.
Bottom line: Rates are in a holding pattern. The next few weeks of economic data will determine whether we break lower or push higher. If you're in the market, this is a reasonable time to lock — but there's no urgency unless you have a closing deadline.
What Could Move Rates Next
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These are standard scenario rates. Your rate depends on your credit, loan amount, and property. Get a personalized quote in 30 seconds.
About NetRate's Rate Watch
NetRate tracks daily wholesale mortgage rates sourced directly from our lending partners. Unlike survey-based averages from Freddie Mac or Bankrate, our data reflects actual wholesale pricing available to 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 spread between wholesale and retail rates 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, you access wholesale pricing 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 wholesale 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 Lender.