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- Mortgage Rates 📢 August 3rd, 2026
INTEREST RATES
Rates 📢 August 3rd, 2026
10 Year T-Note - snapshot
Product | Rate / APR | Weekly Change |
|---|---|---|
⬆️ Conv. | 6.875% / 6.945% | +.250% |
⬆️ Conv. HB | 7.125% / 7.192% | +.250% |
⬆️ JUMBO | 6.625% / 6.685% | +.125% |
⬆️ FHA 3.5% DP | 5.990% / 6.953% | +.125% |
⬆️ VA 0% DP | 6.250% / 6.516% | +.250% |
↔️ HELOC | Ask for a quote* | -.000% |
Rate data as of morning of publication. Unless noted otherwise, all scenarios are assuming 30 Year-Fixed mortgage, Purchase or R/T Refinance. No origination points charged, 780 FICO score, and 20% down payment. *Most HELOCs are variable-rate lines of credit based on the Wall Street Journal Prime Rate (currently 6.75%) plus a margin that varies by program, credit profile, and combined loan-to-value. GTG Financial offers multiple HELOC programs through its wholesale lending partners. Contact us for a personalized quote. Provided for consumer education only and does not serve as a binding offer to extend lending. Payment period, interest rate, APR, and other terms subject to income, asset, and credit profile qualification. Provided courtesy of GTG Financial, Inc. NMLS 1595076. Equal housing opportunity. www.nmlsconsumeraccess.org
⏱️ Rates in 60 Seconds
📈 Rates jumped again this week, and the story starts with the Fed. Last Wednesday, Fed officials voted on what to do with interest rates. Nine of them said hold steady. Three said raise them now because inflation is still too high. That kind of split, called a dissent, tells bond investors the Fed might hike rates later this year after all.
⚠️ At the same time, the 10 year Treasury, a bond that mortgage rates closely follow, climbed to its highest level in about a year and a half. It has not been this high since January of last year. When investors worry inflation and future rate hikes are coming, they demand a higher return to hold bonds, and mortgage rates move up with them.
🔑 Realtor Insight: This is not the Fed raising rates on your buyers directly. It is the bond market pricing in the chance that could happen. Explain that distinction and you sound like someone who actually understands what is driving the market, not just reading a headline.
📅 What to watch this week:
Friday: The July jobs report drops. A weak number could ease inflation worries and help rates. A strong one could push them higher.
Markets are also watching for any fresh comments from Fed officials about where they stand after last week's split vote.
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