Interest rates are based on bonds. Because the bonds underlying the average mortgage are fixed rate, inflation is the enemy. Imagine you're an investor fronting the money for a fixed-rate mortgage. You know your schedule of payments from day one. Let's say the payment is $5 or enough to buy a dozen eggs.  Now let's say inflation raises the price of those eggs to $7. You're still only receiving $5 because you invested in a fixed-rate loan. Because of this dynamic, when inflation fears increase, investors demand higher rates of return. We're dealing with two inflation threats right now: one is specific and one is general. The specific threat is that of elevated fuel prices stemming from the Iran war. As the fighting picked back up in July, so have rates. Today's war headlines were just the latest addition to the growing problem. The general threat is a broad array of other prices in the marketplace that aren't directly impacted by fuel or tariffs. Fed governor Waller spoke about this additional inflation today and said that if it was high enough according to this week's inflation data (tomorrow and Wednesday) that the Fed could consider hiking rates as soon as this month. So on the one hand, rates were already under pressure from the steady increase in fuel prices in recent days. Waller's comments added additional pressure.  The result is a top-tier, 30yr fixed rate that has returned to 6.75% for the average lender. This matches the high seen on May 19th, and you'd have to go back more than 11 months to see anything higher. [thirtyyearmortgagerates]

July 13, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.75% +0.11%   5.99% 6.85% 15 Yr. Fixed 6.21% +0.02%   5.55% 6.25% 30 Yr. Jumbo 6.87% +0.05%   6.1% 6.93% Compare Mortgage Rates from Local Lenders for Jul 13, 2026 Mortgage Rates Near 1-Year Highs Mon, Jul 13, 2026 4:12PM Interest rates are based on bonds. Because the bonds underlying the average mortgage are fixed rate, inflation is the enemy. Imagine you're an investor fronting the money for a fixed-rate mortgage. You know your schedule of payments from day one. Let's say the payment is $5 or enough to buy a dozen eggs.  Now let's say inflation raises the price of those eggs to $7. You're still only receiving $5 because you invested in a fixed-rate loan. Because of this dynamic, when inflation fears increase, investors demand higher rates of return. We're dealing with two inflation threats right n... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.75% +0.11 0.00 15 Yr. Fixed 6.21% +0.02 0.00 30 Yr. FHA 6.25% +0.04 0.00 30 Yr. Jumbo 6.87% +0.05 0.00 7/6 SOFR ARM 6.24% +0.01 0.00 30 Yr. VA 6.26% +0.03 0.00 Updates Daily - Last Update: 7/13 Freddie Mac Rate Change Points 30 Yr. Fixed 6.49% +0.06 0.00 15 Yr. Fixed 5.82% +0.03 0.00 Updates Weekly - Last Update: 7/9 Mortgage Bankers Assoc. 30 Yr. Fixed 6.58% +0.01 0.64 15 Yr. Fixed 5.99% -0.01 0.71 30 Yr. Jumbo 6.50% -0.02 0.42 Updates Weekly - Last Update: 7/8 UMBS 30YR 5.0 97.15 -0.40   96.76 100.50 UMBS 30YR 5.5 99.47 -0.31   98.96 101.64 10 YR Treasury 4.615 +0.057   3.948 4.668 Weekend Weakness And Another Showdown With a Technical Ceiling Mon, Jul 13, 2026 9:21AM Bonds are weaker to start the new week and the catalyst is simple. The U.S. ramped up air strikes in Iran, both in terms of number and distance inland. Iran responded by hitting various allied targets. Perhaps more importantly for financial markets, shipping traffic has returned back to war-time lows after a noticeable surge in the 2nd half of June. Oil pric... (read more) MBS Price Change UMBS 4.5 94.68 -0.44 UMBS 5.0 97.16 -0.40 UMBS 5.5 99.46 -0.31 GNMA 4.5 94.91 -0.41 GNMA 5.0 97.69 -0.46 GNMA 5.5 100.06 -0.21 Pricing as of: 7/13 4:53PM EST US Treasury Yield Change 2 YR Treasury 4.269 +0.061 5 YR Treasury 4.369 +0.068 7 YR Treasury 4.487 +0.073 10 YR Treasury 4.615 +0.057 30 YR Treasury 5.100 +0.041 Pricing as of: 7/13 4:53PM EST Other News Fraud Report, AMC, Non-QM Products, eNote News; ROAD to Housing Thoughts; Oil and Rates Mon, Jul 13, 2026 11:55AM Recently, MISMO released its new white paper, “From Paper to Performance: How eNotes and eClosing Streamline Liquidity,” providing guidance for originators, warehouse lenders, investors, and technology providers to implement digital mortgage solutions. Today at 10AM PT is Now Next Later, presented by Relcu, where Jeremy Potter and Eric Lapin are joined by La... (read more) Latest Video FOMC will need to consider tightening monetary policy if near-term CPI is e... Consumers shrug off gas spike in June, CNBC/NRF Retail Monitor finds Private capital can still play a very significant role in U.S. housing: Pre... Fed: Inflation has risen this year and remains elevated relative to Fed's 2... Around the Web Federal Reserve Waller - Monetary Policy at a Crossroads CNBC Waller says Fed shouldn't 'fight the last war' on inflation but warns hikes still possible Investing Live Trump reimposes Iran blockade, places 20% toll on Hormuz shipping Eye on Housing Two or More Story Home Starts Pull Back in 2025 CNBC Big banks poised to report booming revenue propelled by SpaceX IPO, Iran war volatility CNBC U.S. and Iran exchange strikes as Strait of Hormuz standoff escalates Federal Reserve Bowman, Modernizing Financial Regulation Investing Live 59.0 percent of the population was employed in June 2026 Investing Live Fed report to Congress sees 'stepped up' inflation in the spring Investing Live U.S. Treasury auctions off $22 billion of 30 year bonds at a high yield of 5.058% Eye on Housing 2025 New Single-Family Starts by Census Division CNBC Treasury yields little changed as investors track Middle East developments Investing Live Baker Hughes total rig count +1 at 580

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