Mortgage Rate Update: Why Rates Have Been Bouncing Around Since Last Friday
Mortgage Rates are touching lows of 2025 but have felt a little jumpy over the past few days. The bond market has been shifting just enough to nudge rates around — not dramatically, but enough for borrowers to notice.
MBS Prices Dipped Slightly
Mortgage‑Backed Securities (MBS) are the bonds that directly influence mortgage rates. Since last Friday, MBS prices have slipped a bit, which puts mild upward pressure on rates.
Treasury Yields Moved Higher
The 10‑year Treasury yield — a major benchmark for mortgage rates — has ticked up. When Treasury yields rise, mortgage rates usually follow.
What’s Driving the Movement?
No single dramatic headline — just a mix of:
- Shifting investor sentiment
- Expectations around inflation and Federal Reserve policy
- General weakness in the bond market
*These small changes add up and cause lenders to price cautiously.
Bottom Line (Friday → This Morning)
- MBS: Slightly lower
- Treasury yields: Slightly higher
- Rates: Mild upward pressure, but no major spike
- Market tone: Cautious, sensitive to economic data
What This Means for Borrowers
Rates haven’t surged, but they’re moving enough that timing matters. If you’re shopping for a mortgage, stay in touch with your loan advisor and be ready to lock when you see a number you like.

SOURCE & AUTHOR | Keith Murphy Branch Manager – Essex Mortgage NMLS #330827 Direct: 714-309-1140 Apply: www.GoTeamMurphy.com


