08/01/2026
For your info:
Happy Saturday, and welcome to August! ☀️
Here is your weekly mortgage market update:
The good news is that the Federal Reserve held rates steady at Wednesday's meeting and did not raise the federal funds rate. The bad news is that mortgage rates remain extremely volatile and have continued to trend higher throughout the week.
Ongoing inflation concerns, uncertainty surrounding the economy, and continued geopolitical tensions have kept pressure on the bond market, which has pushed mortgage rates higher.
Current Rate Snapshot
Conventional: 6.75% – 6.83%
FHA: 6.25% – 6.34%
VA: 6.13% – 6.36%
USDA: 6.27% – 6.31%
THDA / VHDA: 6.25%
While rates continue to be challenging, buyer demand remains strong—especially among first-time homebuyers who are focused on achieving homeownership and building long-term wealth through real estate. Many buyers are realizing that waiting for the "perfect" rate could mean missing out on opportunities, and they know refinancing is always an option if rates improve in the future.
As always, I'm available all weekend to help you and your clients with pre-approvals, financing questions, or anything else you need.
Have a great weekend!
Nathan Dinkel
GVC Mortgage
NMLS #2107533
