{"id":7974,"date":"2026-07-14T17:19:08","date_gmt":"2026-07-15T00:19:08","guid":{"rendered":"https:\/\/blog.loaning.ai\/en\/?p=7974"},"modified":"2026-07-14T17:19:09","modified_gmt":"2026-07-15T00:19:09","slug":"mortgage-rates-stage-moderate-recovery-from-long-term-highs","status":"publish","type":"post","link":"https:\/\/blog.loaning.ai\/en\/7974\/","title":{"rendered":"Mortgage Rates Stage Moderate Recovery From Long-Term Highs"},"content":{"rendered":"\n

Our daily 30-year fixed mortgage rate index reached 6.75% yesterday, matching the previous high from May 19 and marking the highest level since July 29, 2025.<\/p>\n\n\n\n

The recent spike has largely been driven by the rise in fuel prices in July, combined with the fact that mortgage rates had not fallen below 6.52% over the past two months. In other words, rates were already trading within an elevated range, and the increase in fuel prices simply gave them an additional push higher.<\/p>\n\n\n\n

Heading into today, we knew there was potential for volatility surrounding two major events: Fed Chair Warsh\u2019s congressional testimony and the monthly release of the Consumer Price Index, or CPI, a key inflation report.<\/p>\n\n\n\n

Warsh\u2019s testimony had very little impact on the market, but the CPI report was a different story. It showed that inflation in June came in significantly lower than expected. Lower inflation is generally good news for mortgage rates.<\/p>\n\n\n\n

However, the bond market is well aware that July\u2019s inflation data could tell a different story. That concern limited the extent of today\u2019s rate recovery, with the daily rate index declining by just 0.05 percentage points to 6.70%.<\/p>\n\n\n\n

.<\/p>\n\n\n\n

\n\n
\n\n \n
\n
Company<\/div>\n
Rate<\/div>\n
APR<\/div>\n
Points<\/div>\n <\/div>\n\n \n
\n
\n Loaning.ai<\/strong>\n <\/div>\n\n
\n Rate<\/span>\n 5.875%<\/span>\n <\/div>\n\n
\n APR<\/span>\n 5.989%<\/span>\n <\/div>\n\n
\n Points<\/span>\n $6,125.00<\/span>\n <\/div>\n <\/div>\n\n \n
\n
\n Rocket Mortgage<\/strong>\n <\/div>\n\n
\n Rate<\/span>\n 6.125%<\/span>\n <\/div>\n\n
\n APR<\/span>\n 6.152%<\/span>\n <\/div>\n\n
\n Points<\/span>\n $5,810.00<\/span>\n <\/div>\n <\/div>\n\n \n
\n
\n Chase<\/strong>\n <\/div>\n\n
\n Rate<\/span>\n 6.125%<\/span>\n <\/div>\n\n
\n APR<\/span>\n 6.335%<\/span>\n <\/div>\n\n
\n Points<\/span>\n $14,000.00<\/span>\n <\/div>\n <\/div>\n\n \n
\n
\n SoFi<\/strong>\n <\/div>\n\n
\n Rate<\/span>\n 6.125%<\/span>\n <\/div>\n\n
\n APR<\/span>\n 6.368%<\/span>\n <\/div>\n\n
\n Points<\/span>\n $14,518.00<\/span>\n <\/div>\n <\/div>\n\n \n
\n
\n Wells Fargo<\/strong>\n <\/div>\n\n
\n Rate<\/span>\n 6.500%<\/span>\n <\/div>\n\n
\n APR<\/span>\n 6.625%<\/span>\n <\/div>\n\n
\n Points<\/span>\n $4,375.00<\/span>\n <\/div>\n <\/div>\n\n <\/div>\n\n \n
\n

\n * Loaning.ai, Rocket Mortgage, Chase, SoFi, and Wells Fargo:\n Home price $1,000,000.00 \/ Loan amount $700,000.00\n <\/p>\n\n

\n * Updated July 14, 2026 \u2014 U.S. Pacific Time\n <\/p>\n <\/div>\n\n<\/section>\n\n