Rate Watch
MINIMAL: Bond market improving — positive for rates today.
Bonds have edged slightly higher since this morning. UMBS 5.0 is at 98.75, up 3 ticks from the open. The 10-year yield has drifted down another basis point to 4.375%. The 30-year rate holds at 6.53%.
This is exactly what a consolidation day looks like. No new data to push bonds in either direction, and the market isn't generating its own momentum. That's fine — the week's gains are intact, and holding them heading into a long weekend is the win. Quarter-end closes Tuesday. The institutional rebalancing bid that powered Wednesday's rally is mostly spent, but there's no reason to give rates back today either. The path of least resistance into the weekend is flat to slightly better. — 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 | 6.125% | 6.530% | 0.000% | −0.405% |
15-Yr Fixed Conventional | 5.500% | 6.120% | 0.000% | −0.620% |
FHA 30-Yr Government | 5.625% | 6.070% | 0.000% | −0.445% |
VA 30-Yr Veteran | 5.750% | 6.090% | 0.000% | −0.340% |
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
This is exactly what a consolidation day looks like. No new data to push bonds in either direction, and the market isn't generating its own momentum. That's fine — the week's gains are intact, and holding them heading into a long weekend is the win. Quarter-end closes Tuesday. The institutional rebalancing bid that powered Wednesday's rally is mostly spent, but there's no reason to give rates back today either. The path of least resistance into the weekend is flat to slightly better. — 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 Lender.