[REVISION HISTORY]

US mortgage rates and Treasury yields

Updated 5 times since CLSTR started tracking revisions of this situation.

What changed

2026-08-09 05:24 UTC → 2026-08-11 12:54 UTC · added ~~removed~~

Late July 2026 saw U.S. mortgage rates hovering near 6.5% as markets awaited clearer inflation data. By early August, long‑term Treasury yields surged, pushing the 30‑year mortgage rate to the ~~6.7‑7%~~ 6.7%–7% band; a brief dip to 6.65% on August 2 was quickly followed by a rise to 6.7% on August 4. The 10‑year Treasury broke above 5%, and the Federal Reserve kept its policy range at ~~3.50%‑3.75%,~~ 3.50%–3.75%, leaving little room for near‑term rate cuts. Higher borrowing costs strained affordability, with purchase‑loan applications down 6.4% and refinance volume falling 10% week‑over‑week. On August 6, the national average 30‑year fixed rate climbed to 6.69%, up four basis points from the previous day and near the top of its 30‑day range ~~(6.41%‑6.72%).~~ (6.41%–6.72%). The 15‑year fixed stood at 6.01% and the 5/1 ARM at 6.25%. In St. Louis, the 30‑year fixed held steady at 6.75% while the 15‑year fixed was 6.29%. These movements continue to track the rising 10‑year Treasury yield, reflecting persistent inflation expectations and the Fed’s unchanged policy stance. As of August 9, the 30-year fixed rate held steady at 6.69%. In Nashville, the 30-year fixed averaged 6.69% for the week ending August 7, marking a one-year high. While the 15-year fixed rate decreased slightly to 6.01%, broader trends are being shaped by a cooling labor market, including a July jobs report showing a net loss of 23,000 jobs. Mortgage pricing continues to track 10-year Treasury yields and mortgage-backed security spreads. By mid-August, upward pressure continued. The 30-year fixed rate held steady at 6.69% on August 10. However, by August 11, refinance rates rose, with the national average 30-year fixed refinance rate increasing by 11 basis points to 7.18%. The 15-year fixed refinance rate also climbed to 6.21%.

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