I was reading through this week's market recap, and the good news is mortgage rates ended the week at their lowest levels in about a month.

The biggest reason? Inflation came in a little better than expected.

The week started rough with rates moving higher as oil prices jumped, but markets got some relief after a key inflation report showed prices weren't rising as fast as forecasted.

There was also a weak retail sales report on Friday, but once investors looked closer, it wasn't as bad as the headlines made it sound.

A few quick takeaways:

• Inflation data helped rates improve.
• Oil prices caused some early-week volatility.
• Retail sales looked weak, but weren't a major concern.
• Mortgage rates finished near their best levels since mid-July.

Bottom line... rates are a little better than they were a week ago. What happens next will mostly depend on upcoming inflation and economic reports.

Check mortgage rates for your scenario right here on Reddit!

Mortgage rates drifted lower most of the week and got one last boost on Friday. 

A big reason was lower oil prices. As tensions in the Middle East eased a bit, oil pulled back, and bond markets responded positively. Lately, rates have been following oil pretty closely.

Then came Friday's jobs report... the economy was expected to add ~80,000 jobs but instead showed a loss of -23,000. That's usually good news for rates because it suggests the economy may be slowing. 

The weird part? The unemployment rate actually improved(???). Those numbers come from different surveys, so they don't always tell the exact same story. 

Key points:

• Rates improved nearly all week.
• Lower oil prices helped bond markets.
• The jobs report came in much weaker than expected.
• Rates ended the week at their lowest levels in several weeks.

 

TLDR: The market paid more attention to the weak job growth than the lower unemployment rate, and that helped mortgage rates move lower. Rates were better this week. What happens next will likely depend on upcoming economic data, Fed comments, and whether oil prices stay calm or start moving higher again.

Check mortgage rates for your scenario right here on Reddit!

Hi all - Happy Friday!

The biggest market mover today was a much weaker than expected jobs report.

Instead of adding jobs, the economy actually lost some in July. On top, previous months were revised lower, making the labor market look softer than we thought.

A slower job market reduces pressure on the Fed to raise rates. Investors liked that news, so bond prices jumped and yields fell, which is generally good for mortgage rates.

Quick takeaways:

• July job growth came in well below expectations.
• Wage growth slowed, another sign the economy may be cooling.
• Markets lowered the odds of a Fed rate hike next month.
• Mortgage bonds improved after the report.
• Next week's inflation data is now the main event.

The simple version... today's report was one of the better pieces of news we've seen lately for mortgage rates.

Bottom line: Rates improved today and have a chance to improve further if next week's inflation reports come in cooler than expected. If inflation runs hotter than expected, rates could give back some of today's gains.

Check current mortgage rates here: Reddit Mortgage Rates

Hi all! 

I’m a federally licensed Mortgage Loan Officer with Alliant Credit Union, lending nationwide with competitive online rates. I’ve been in mortgage lending for 20 years and help people make sense of one of the biggest financial decisions they’ll face. 

You’re working directly with a credit union lender, not a broker, but I shop rates like one. In addition to Alliant, I work with multiple investors to make sure you’re getting the best deal possible, including Pennymac, Mr. Cooper, U.S. Bank, Chase, AmeriHome, Freedom Mortgage, and Truist, plus access to Fannie Mae and Freddie Mac direct programs.

If you’re checking rates or weighing options, just drop a few details from the table below and I’ll send back a quick, personalized scenario. No cost, no pressure.

I usually respond within 24 hours. Your info is only used to build your scenario, and if you have questions at any point, just ask. Happy to help.

RATES CHANGE DAILY - RATES GO LIVE AT 10a CST

• All scenarios are based on:
• 30 day lock
• Payments are principal and interest only (tax, insurance, PMI not included)
• Lender Fees
  • $950 Conventional & FHA
  • $0 VA

^(Purpose)	^(General)	^(Loan Type)	^(Loan Term)	^(Property Type)	^(Property Use)
^(Purchase)	^(Property Value)	^(Conventional)	^(30-Year Fixed)	^(Single-Family)	^(Primary Residence)
^(No Cash-Out Refi)	^(Loan Amount)	^(FHA)	^(20-Year Fixed)	^(Multi-Family / max 4 units)	^(Second Home)
^(Cash-Out Refi)	^(Credit Score)	^(VA)	^(15-Year Fixed)	^(Townhouse)	^(Investment Property)
	^(Zip Code)	^(Jumbo)	^(5/7/10 ARM)	^(Manufactured)
		^(Physician)		^(Condo / # of stories)

Example of how to format your request:

• Purchase - $400k - $320k - 720 fico - 90210 - Physician- 30 Fixed - Single Family - Primary
  • [Purchase Price] - [Loan Amount] - [Credit Score] - [Zip Code] - [Program] - [Term] - [Occupancy]
• Refinance - $400k - $320k - 720 fico - 90210 - Conv - 30 Fixed - Single Family - Primary
  • [Home Value] - [Loan Amount] - [Credit Score] - [Zip Code] - [Program/Cash Out?] - [Term] - [Occupancy]

Common Questions:

• Lender credit = money from us, to you to reduce your closing costs
• Points = Cost to purchase rate
• Payment = Principal and Interest mortgage payment (monthly)

Unique Loan Programs:

• Doctor/Physician (No PMI)
• Non-Conforming/Jumbo (No PMI)
• $0 Down First Time Homebuyer
• Nurses/Medical Professional Loan Program

^(Important Mortgage Rules, Regulations & Disclosures:)
^(For Illustration Only - Not a Rate Quote or Offer to Lend - Rates and terms are subject to change)
^(Disclosures: APR equals Annual Percentage Rate. Rates and terms may change without notice. This is not a commitment to lend. Membership eligibility required. All loans are subject to credit approval and underwriting. Actual rate, APR, and costs vary based on credit, income, property type, and individual loan factors. Lending in all 50 States Excluding Maryland. No subordinate financing.)
^(Home Loan Disclosures)
^(Fixed Rate Mortgage Disclosure)
^(Adjustable Rate Mortgage / ARM Disclosure)
^(Social Media Guidelines and Disclosures)
^(Disclosure Library)

Collin Donahue | NMLS 236801
Alliant Credit Union | NMLS 197185
Contact Me & Apply Now Link

^(⌂ Equal Housing Lender | Federally Insured by NCUA)

Be cautious of unsolicited private messages from ‘lenders’ or ‘brokers.’ Do not share personal information through Reddit DMs, and please report spam/scam messages to Reddit.

The reason is pretty simple...

Mortgage rates have jumped from around 6.5% at the end of June to over 6.8%, which puts them at their highest level in more than a year.

The biggest driver has been higher oil and fuel prices. When energy costs rise, inflation concerns tend to rise too... and when inflation looks like it could stick around longer, mortgage rates usually move higher.

There was at least a little good news. Last week's inflation reports came in better than expected, and rates improved slightly on Friday because of it. 

A few quick takeaways:

• Rates are now at their highest levels in over a year
• Rising oil prices have been a major reason for the move higher
• Cooler inflation data helped rates recover a bit late last week
• If oil prices come back down, rates could recover some of these recent losses
• Next week's Fed meeting could create some market volatility

So rates didn't jump because something suddenly broke/snapped in the economy. A lot of this move has been tied to inflation worries & higher energy prices. 

TLDR: Rates are worse than they were a month ago, but not dramatically worse than we've seen throughout most of the post-COVID era. Next week's Fed meeting and oil prices will probably be the biggest things driving rate movement from here.

Check mortgage rates right here on Reddit: https://www.reddit.com/r/HomeLoans/comments/1ukwuj0/july_2026_mortgage_rate_megathread/

Mortgage rates moved higher again today, with the average 30-year fixed rate climbing to around 6.71%.

This time, it wasn't because of a big economic report. The main reason is the escalating conflict with Iran.

The fighting has pushed oil prices above $84 per barrel, raising concerns about inflation. When inflation worries increase, bond markets often react, and mortgage rates tend to rise along with them.

Today's Average Rates

• 30-Year Conventional: 6.71% (up 0.08%)
• FHA: 6.30%
• VA: 6.32%
• 15-Year Conventional: 6.18%

While today's move isn't great news, it's worth noting that some mortgage rates are still slightly lower than they were a week ago.

What's Next?

Tomorrow's Existing Home Sales report will give us a better idea of how higher rates are affecting the housing market. Investors will also be watching for any new developments in the Middle East, since geopolitical news has been the biggest driver of rates lately.

What This Means for Buyers

If you're shopping for a home or already under contract, it's a good reminder that mortgage rates can change quickly, and sometimes for reasons that have nothing to do with the U.S. economy.

As always, your actual rate will depend on things like your credit score, down payment, loan type, and lender.

Check mortgage rates right here on Reddit: https://www.reddit.com/r/HomeLoans/comments/1ukwuj0/july_2026_mortgage_rate_megathread/

Mortgage rates started the week looking worse, but ended up a little better after new inflation data came in lower than expected.

When inflation slows down, investors worry less about future price increases. That usually helps the bond market, and mortgage rates often improve when bonds improve.

3 quick takeaways:

• Higher oil prices pushed rates up early in the week because people worried inflation could get worse.
• Two inflation reports came in lower than expected, which was good news for rates.
• As those inflation fears faded, mortgage rates improved and ended the week slightly lower.

Bottom line: Rates are a little better than they were earlier in the week. Next week doesn't have much major economic data, so oil prices, world events, and stock market moves could have the biggest impact on where rates go next.

Check mortgage rates right here on Reddit: https://www.reddit.com/r/HomeLoans/comments/1ukwuj0/july_2026_mortgage_rate_megathread/

This week's mortgage rate movement wasn't really about economic data...it was about oil.

With a sparse economic calendar, bond traders shifted their attention to geopolitical headlines and rising crude oil prices. Higher energy costs can fuel inflation, and inflation is one of the biggest enemies of lower mortgage rates. As oil moved higher, bonds weakened and mortgage pricing felt the pressure.

A few key takeaways:

• Oil and bonds started moving together again. After briefly decoupling, rising oil prices became the main driver of bond market weakness.
• There wasn't much economic data to trade. Without major reports, markets focused on geopolitical developments and inflation risks tied to energy prices.
• Next week is what really matters. CPI inflation data and additional Fed commentary are likely to be much bigger catalysts than anything that happened this week. If rates are going to break out of their recent range, those events are the most likely reason.

Bottom line: Mortgage rates are essentially unchanged from where they started the week. They're still hovering near recent highs, but we haven't seen a decisive move in either direction. Next week's inflation data will likely set the tone for where rates go from here.

Check mortgage rates right here on Reddit: https://www.reddit.com/r/HomeLoans/comments/1ukwuj0/july_2026_mortgage_rate_megathread/

Hi all - Happy Thursday before the Holiday weekend!

Rates had a choppy week...........................

A lot of it came from end of quarter Wall Street activity, where investors move a bunch of money around and markets can get a little..... weird. Early in the week, rates jumped higher even though there wasn't a major news story driving it.

Then a jobs report came in weaker than expected. That gave rates some relief and helped recover part of the earlier increase.

A few quick takeaways:

• Rates are a little higher than they were last week.
• We got some improvement after Thursday's jobs report.
• Rates are still below the highs we saw in May and early June.
• The Fed and upcoming economic reports will continue to drive where rates go next.

The simple version: rates aren't great, but they're also not at their worst levels of the year. We saw some movement this week, but we're still mostly stuck in the same general range we've been talking about for months.

Next week's economic data and Fed meeting notes could give the market its next clue on where things go from here.

Check mortgage rates right here on Reddit: https://www.reddit.com/r/HomeLoans/comments/1ukwuj0/july_2026_mortgage_rate_megathread/

Hi all! 

I’m a federally licensed Mortgage Loan Officer with Alliant Credit Union, lending nationwide with competitive online rates. I’ve been in mortgage lending for 20 years and help people make sense of one of the biggest financial decisions they’ll face. 

You’re working directly with a credit union lender, not a broker, but I shop rates like one. In addition to Alliant, I work with multiple investors to make sure you’re getting the best deal possible, including Pennymac, Mr. Cooper, U.S. Bank, Chase, AmeriHome, Freedom Mortgage, and Truist, plus access to Fannie Mae and Freddie Mac direct programs.

If you’re checking rates or weighing options, just drop a few details from the table below and I’ll send back a quick, personalized scenario. No cost, no pressure.

I usually respond within 24 hours. Your info is only used to build your scenario, and if you have questions at any point, just ask. Happy to help.

RATES CHANGE DAILY - RATES GO LIVE AT 10a CST

• All scenarios are based on:
• 30 day lock
• Payments are principal and interest only (tax, insurance, PMI not included)
• Lender Fees
  • $950 Conventional & FHA
  • $0 VA

^(Purpose)	^(General)	^(Loan Type)	^(Loan Term)	^(Property Type)	^(Property Use)
^(Purchase)	^(Property Value)	^(Conventional)	^(30-Year Fixed)	^(Single-Family)	^(Primary Residence)
^(No Cash-Out Refi)	^(Loan Amount)	^(FHA)	^(20-Year Fixed)	^(Multi-Family / max 4 units)	^(Second Home)
^(Cash-Out Refi)	^(Credit Score)	^(VA)	^(15-Year Fixed)	^(Townhouse)	^(Investment Property)
	^(Zip Code)	^(Jumbo)	^(5/7/10 ARM)	^(Manufactured)
		^(Physician)		^(Condo / # of stories)

Example of how to format your request:

• Purchase - $400k - $320k - 720 fico - 90210 - Conv - 30 Fixed - Single Family - Primary
  • [Purchase Price] - [Loan Amount] - [Credit Score] - [Zip Code] - [Program] - [Term] - [Occupancy]
• Refinance - $400k - $320k - 720 fico - 90210 - Conv - 30 Fixed - Single Family - Primary
  • [Home Value] - [Loan Amount] - [Credit Score] - [Zip Code] - [Program/Cash Out?] - [Term] - [Occupancy]

Common Questions:

• Lender credit = money from us, to you to reduce your closing costs
• Points = Cost to purchase rate
• Payment = Principal and Interest mortgage payment (monthly)

Unique Loan Programs:

• Doctor/Physician (No PMI)
• Non-Conforming/Jumbo (No PMI)
• $0 Down First Time Homebuyer
• Nurses/Medical Professional Loan Program

^(Important Mortgage Rules, Regulations & Disclosures:)
^(For Illustration Only - Not a Rate Quote or Offer to Lend - Rates and terms are subject to change)
^(Disclosures: APR equals Annual Percentage Rate. Rates and terms may change without notice. This is not a commitment to lend. Membership eligibility required. All loans are subject to credit approval and underwriting. Actual rate, APR, and costs vary based on credit, income, property type, and individual loan factors. Lending in all 50 States Excluding Maryland. No subordinate financing.)
^(Home Loan Disclosures)
^(Fixed Rate Mortgage Disclosure)
^(Adjustable Rate Mortgage / ARM Disclosure)
^(Social Media Guidelines and Disclosures)
^(Disclosure Library)

Collin Donahue | NMLS 236801
Alliant Credit Union | NMLS 197185
Contact Me & Apply Now Link

^(⌂ Equal Housing Lender | Federally Insured by NCUA)

Be cautious of unsolicited private messages from ‘lenders’ or ‘brokers.’ Do not share personal information through Reddit DMs, and please report spam/scam messages to Reddit.

Check mortgage rates right here on Reddit: https://www.reddit.com/r/HomeLoans/comments/1tuciju/june_2026_mortgage_rate_megathread/

Hi all – quick one for this Friday...

Started the week looking decent…

• Iran peace headlines = lower oil, better rates
• Bonds rallied a bit early

Then Wednesday hit… and the Fed changed the tone.

What changed

• No rate move (expected)
• Dot plot came in hotter than expected
• Market went from “cuts maybe” > “hikes still on the table”

Simple translation… the Fed isn’t ready to "ease" yet.

Why it mattered

• About half the Fed is now leaning toward hikes later this year
• New Chair didn’t soften that message at all
• No guidance = more uncertainty = short-term rates pushed higher

Market reaction

• Short-term rates jumped and stayed up
• Longer-term rates (what mortgages follow) sold off briefly… then mostly recovered

Mortgage rate takeaway

• Small midweek bump… nothing crazy
• Gave a good chunk back by Thursday
• Overall, still elevated but not breaking higher

Big picture

• Iran headlines helped early… still matter
• But the Fed just reminded everyone inflation is still the driver
• And cuts are not a given anymore

Bottom line…
This wasn’t a bad week for mortgages… just a reality check.

Check mortgage rates right here on Reddit: https://www.reddit.com/r/HomeLoans/comments/1tuciju/june_2026_mortgage_rate_megathread/

Hi all, Happy Saturday…

Rate Bond Markets leaned toward ""things might calm down"" this week… and rates reacted pretty quickly.

Same core driver as always right now:

• global tension pushes oil
• oil pushes inflation
• inflation keeps rate pressure alive

We started the week worse… then got a midweek shift when the tone around conflict cooled off a bit. By the end of the week, talk around a possible agreement picked up, and markets bought into it.

What changed:

• bonds improved
• mortgage rates ticked lower (best levels in about a week)

What didn’t change: Rates are still sitting near the higher end of the past several months… so this isn’t some big breakout lower.

Looking ahead… Feels pretty simple for now:

• progress toward a deal > rates move down
• tension picks back up > we give it right back

Fed next week too… no move expected, but commentary could still shake things up.

Check mortgage rate right here on Reddit: https://www.reddit.com/r/HomeLoans/comments/1tuciju/june_2026_mortgage_rate_megathread/

Hi all – quick update after today’s move…

Rates moved higher again and honestly it caught us off guard.

Here’s the simple version of what happened:

• For the past few months, rates have mostly been reacting to the Iran situation (fuel prices, inflation concerns, etc.)
• Economic data had been kind of meh… not strong enough to move markets much
• Today changed that

The jobs report came in way stronger than expected:

• Forecast: 85k
• Actual: 172k
• And the bigger surprise… the last couple months were revised higher too

So instead of a slowing job market… it suddenly looks pretty solid again.

That’s a big deal because of what it (should) mean for the Fed…

• Before all this, the market was leaning toward rate cuts
• Now?....flipped toward possible rate hikes again

And when those expectations change fast, mortgage rates usually follow… which is exactly what happened today.

A couple things to keep in mind:

• Rates are still below the recent highs from mid-May
• This doesn’t automatically mean we’re headed up long term
• A lot still depends on future data (and how long geopolitical tension sticks around)

Overall.... Today wasn’t really about the war anymore… it was about the economy reminding everyone it’s still strong. And in this environment, strong data = upward pressure on rates.

Live mortgage rates for your scenario: https://www.reddit.com/r/HomeLoans/comments/1tuciju/june_2026_mortgage_rate_megathread/

Hi all! 

I’m a federally licensed Mortgage Loan Officer with Alliant Credit Union, lending nationwide with competitive online rates. I’ve been in mortgage lending for 20 years and help people make sense of one of the biggest financial decisions they’ll face. 

You’re working directly with a credit union lender, not a broker, but I shop rates like one. In addition to Alliant, I work with multiple investors to make sure you’re getting the best deal possible, including Pennymac, Mr. Cooper, U.S. Bank, Chase, AmeriHome, Freedom Mortgage, and Truist, plus access to Fannie Mae and Freddie Mac direct programs.

If you’re checking rates or weighing options, just drop a few details from the table below and I’ll send back a quick, personalized scenario. No cost, no pressure.

I usually respond within 24 hours. Your info is only used to build your scenario, and if you have questions at any point, just ask. Happy to help.

RATES CHANGE DAILY - RATES GO LIVE AT 10a CST

• All scenarios are based on:
• 30 day lock
• Payments are principal and interest only (tax, insurance, PMI not included)
• Lender Fees
  • $950 Conventional & FHA
  • $0 VA

^(Purpose)	^(General)	^(Loan Type)	^(Loan Term)	^(Property Type)	^(Property Use)
^(Purchase)	^(Property Value)	^(Conventional)	^(30-Year Fixed)	^(Single-Family)	^(Primary Residence)
^(No Cash-Out Refi)	^(Loan Amount)	^(FHA)	^(20-Year Fixed)	^(Multi-Family / max 4 units)	^(Second Home)
^(Cash-Out Refi)	^(Credit Score)	^(VA)	^(15-Year Fixed)	^(Townhouse)	^(Investment Property)
	^(Zip Code)	^(Jumbo)	^(5/7/10 ARM)	^(Manufactured)
		^(Physician)		^(Condo / # of stories)

Example of how to format your request:

• Purchase - $400k - $320k - 720 fico - 90210 - Conv - 30 Fixed - Single Family - Primary
  • [Purchase Price] - [Loan Amount] - [Credit Score] - [Zip Code] - [Program] - [Term] - [Residence]
• Refinance - $400k - $320k - 720 fico - 90210 - Conv - 30 Fixed - Single Family - Primary
  • [Home Value] - [Loan Amount] - [Credit Score] - [Zip Code] - [Program/Cash Out?] - [Term] - [Occupancy]

Common Questions:

• Lender credit = money from us, to you to reduce your closing costs
• Points = Cost to purchase rate
• Payment = Principal and Interest mortgage payment (monthly)

Unique Loan Programs:

• Doctor/Physician (No PMI)
• Non-Conforming/Jumbo (No PMI)
• $0 Down First Time Homebuyer
• Nurses/Medical Professional Loan Program

^(Important Mortgage Rules, Regulations & Disclosures:)
^(For Illustration Only - Not a Rate Quote or Offer to Lend - Rates and terms are subject to change)
^(Disclosures: APR equals Annual Percentage Rate. Rates and terms may change without notice. This is not a commitment to lend. Membership eligibility required. All loans are subject to credit approval and underwriting. Actual rate, APR, and costs vary based on credit, income, property type, and individual loan factors. Lending in all 50 States Excluding Maryland. No subordinate financing.)
^(Home Loan Disclosures)
^(Fixed Rate Mortgage Disclosure)
^(Adjustable Rate Mortgage / ARM Disclosure)
^(Social Media Guidelines and Disclosures)
^(Disclosure Library)

Collin Donahue | NMLS 236801
Alliant Credit Union | NMLS 197185
Contact Me & Apply Now Link

^(⌂ Equal Housing Lender | Federally Insured by NCUA)

Be cautious of unsolicited private messages from ‘lenders’ or ‘brokers.’ Do not share personal information through Reddit DMs, and please report spam/scam messages to Reddit.