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TODAY’S MORTGAGE RATES

Mortgage Interest Rates moved up slightly
with the Mortgage Backed Security (MBS)
Market trading down – 8 bps over the past
7 days. Despite the small increase, interest
rates are still sitting very close to their
lowest levels of 2025.

Below are your average interest rates
across the country according to
Mortgage News Daily.

Last week was a relatively slow data
week for interest rate movement.

The big news is the makeup of the
FED and potential future movements.

One FED reserve member, Adriana
Kugler, resigned effective 8/8/2025.
This gives President Trump the ability
to nominate a new member that will
theoretically side with his views on
future FED actions. On Thursday,
President Trump selected Stephen
Miran to replace Adriana Kugler.

Jerome Powell’s term as FED Chief
goes until May 2026. It’s no secret
that President Trump has been unhappy
with the FED not lowering the Federal
Funds Rate. Now the question goes
to who will replace FED Chief Powell
and how will they manage monetary
policy.

FED member Michelle Bowman stated over
the weekend that she thought the FED
should lower rates 3 times through the
rest of the year by 75 bps due to
concerns within the labor market. It
appears that we may be on the way
to the FED lowering the FED funds rate
more aggressively in 2025 or 2026.

Remember that the Federal Funds Rate
does not directly impact mortgage interest
rates, but the FED rate definitely has an
impact on the economy and mortgage rates.

This week the big potential market movers
are the CPI and PPI inflation reports. The
CPI inflation report was released just
before this writing.

CPI Year over Year Inflation decreased
to 2.7%. Core CPI inflation increased
to 3.1%. Both numbers were close to
expectations.

There are a lot of characteristics
that go into a mortgage rate –
credit score, investor, loan to
value, loan amount, costs, etc.
Please call me to go over your specific
scenario so we can price your loan
out accurately.

Or you can get a Free Mortgage Quote
or Apply for a Mortgage with the links below.

Thank You! 

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TRIGGER LEAD BILL PASSES

Most Mortgage Professionals are rejoicing
at the passage of a bill that will ban credit
companies from selling mortgage credit
inquiry information to most mortgage
companies.

When a consumer does a hard pull
on their credit for a mortgage, the
credit bureaus sell that information to
other mortgage companies to solicit
the customer. With mortgage volume
down over the past few years, there are
more companies purchasing these leads.
The effect has been a consumer getting
100’s of calls and illegal texts soliciting
them. Imagine trying to work and getting
100’s of calls and texts that you didn’t
ask for and weren’t expecting.

This is a positive for consumers and
the mortgage industry as these trigger
companies have become more and more
invasive in the amount of calls, texts
(which require a text opt in they never
have), and even going as far as
imitating the mortgage company that
pulled the original consumer credit.

Mortgage Credit inquiries can still
be sold to:

1. The entity that originated the consumer’s
current residential mortgage (if applicable)

2. The entity that services the consumer’s
current residential mortgage (if applicable)

3. A depositary institution or credit union
that holds a current account for the
consumer.

Number 3 is a prime example of the bank
industry’s lobbying power in Congress.

President Trump has not signed the bill
yet. Assuming he does sign the bill,
rules banning the sale of selling
mortgage credit inquiries to most
mortgage companies will go into effect
in 6 months.

Hope you have a fantastic week!!