Insights / Daily Rate Update — July 1, 2026
July 1, 2026
Daily Rate Update — July 1, 2026
Today's 10-Year Treasury yield is 4.38% and Freddie Mac's 30-year fixed PMMS is 6.49%. Below: the rate snapshot plus the three finance headlines moving the macro picture today.
Today's Rate Snapshot
- 10-Year Treasury Yield: 4.38% (as of 2026-06-26)
- 30-Year Fixed Mortgage (Freddie Mac PMMS): 6.49% (as of 2026-06-25)
Mortgage rates are not the same as the 10-Year Treasury yield, but they generally track its direction. Personal scenario rates can vary based on credit, LTV, occupancy, and product.
Today's Finance Headlines
Why Fed President Beth Hammack wants more rate hikes
HousingWire · Industry
Oil is near $70, but Fed hawks cite sticky inflation and full employment, keeping rate hikes in play and mortgage rates from falling.
What this means for borrowers: Persistent inflation and a tight labor market are prompting the Federal Reserve to consider further interest rate increases.
Mortgage Rates Edge Modestly Higher
Mortgage News Daily · Mortgage Market
Starting last Thursday, mortgage rates have barely budged. In terms of our 30yr fixed index, the maximum day-over-day change has been 0.02% since then. The past 3 business days have seen rates either hold steady or move cautiously lower. Today's rates moved higher, but at just as slow a pace. The underlying bond market primarily took cues from trading motivations that didn't have anything to do with typical considerations like economic data and news headlines. As we discussed last week, some of
What this means for borrowers: Mortgage rates are experiencing minimal volatility, driven more by technical bond market trading than by fundamental economic data or news.
Mortgage applications rise as purchase demand offsets refi drop
HousingWire · Industry
Mortgage applications rose 0.04% last week as purchase demand increased and refinance activity declined, MBA found.
What this means for borrowers: Higher interest rates are suppressing refinance activity, while steady homebuyer demand is supporting overall mortgage application volumes.
The "What this means for borrowers" notes above are AI-generated and reviewed for compliance — they describe macro context, never make recommendations or forecasts. Not personal financial advice. Talk to Jesse Gonzalez, NMLS #278103, for your specific situation.