Rates Down on Jobs Report with Important Inflation Data Next Week.
Approximate Rates for Week Ending 8/8/25
There was a nice dip in rates after the July Employment report which sent rates to match the lowest level of the year. Next week is the important CPI inflation reading. The Fed will use this data to determine their strategy for short term rates – if inflation is still in check, they may reduce short term rates at their next meeting and up to two times more this year. If, however, there are signs that tariffs have started to put upward pressure on inflation they may delay further.
58% of experts think rates may go down over the next week while 28% think they will stay steady and 17% think they will increase.
If you would like advice tailored to your needs, I would be happy to help! And if you have any family or friends that you think might benefit from my services, I would be grateful for the referral!
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Mark Smith
Victoria Capital
Los Gatos
408 353 9784
www.MarkSmithLoans.com
|
Program |
No Points (APR) |
1 Point (APR) |
Change since last update |
|
Conforming (<$806,500) |
|||
|
30yr Fixed |
6.25% (6.41%) |
5.875% (6.40%) |
-0.125% |
|
30yr FHA |
5.75% (6.19%) |
5.65% (6.12%) |
-0.125% |
|
30yr FTHB |
6.25% (6.41%) |
5.875% (6.40%) |
-0.125% |
|
10yr ARM |
6.25% (6.41%) |
5.875% (6.40%) |
- |
|
7yr ARM |
6.0% (6.21%) |
5.5% (5.99%) |
-0.25% |
|
5yr ARM |
6.0% (6.21%) |
5.375% (5.89%) |
- |
|
15yr Fixed |
5.375% (5.51%) |
5.0% (5.69%) |
-0.25% |
|
High-Cost Conforming (>$806,500<$1,209,750) * |
|||
|
30yr Fixed |
6.375% (6.51%) |
6.125% (6.48%) |
-0.25% |
|
30yr FHA |
5.875% (6.29%) |
5.5% (6.22%) |
-0.125% |
|
30yr FTHB |
6.25% (6.41%) |
6.125% (6.53%) |
-0.25% |
|
5yr ARM |
N/A |
N/A |
- |
|
15yr Fixed |
5.875% (5.99%) |
5.5% (6.03%) |
No Change |
|
Jumbo (>$1,209,750) * |
|||
|
30yr Fixed |
6.25% (6.34%) |
5.875% (6.22%) |
-0.125% |
|
10yr ARM |
6.125% (6.42%) |
- |
No Change |
|
7yr ARM |
5.875% (6.04%) |
5.675% (6.22%) |
-0.125% |
|
5yr ARM |
- |
- |
- |
|
15yr Fixed |
6.0% (6.19%) |
5.75% (6.20%) |
-0.25% |
LOWER HOME AFFORDABLE RATES FOR FIRST TIME HOMBUYERS (FTHB) SUBJECT TO INCOME LIMITS
No Points No Cost Also Available!Conforming Rates and APRs calculated on Purchase loan amount of $600k (conforming), $900k (high-cost conforming,) and $1.25m (Jumbo) 30- day lock, 60% LTV, impounds,780 fico.
FTHB (First Time Home Buyer) conforming rates based on purchase loan amount of $750,000 with 20% down, High Cost Conforming $1m with 20% down. Subject to Income Limits
FHA Rates and APRs Calculated on Purchase Loan amount of $700k (Conforming) and $1m (High Cost), 30-day lock, 96.5% LTV, 720 Fico
This is not a commitment to lend. Rates are provided for informational purposes only. Please contact me for rates, products, and costs for your individual situation.
*Assumes high-cost areas, e.g., Santa Clara County and other Bay Area Counties
DRE: 01395052
NLMS:308562
