Mortgage Rates Index – AUG 7
Tracking the change in price of all mortgage rates
MORTGAGE RATES TODAY
The LendZen Index tracks the price of mortgage rates across a spectrum of mortgage-backed securities.
The 5-Day change in price is -33 basis points (bps).
The last 24-hour change is -17bps.
Since July 25, the price of mortgage rates decreased 106 basis points, as seen in the 10-Day chart below.
This is a change of $5,300 on a $500,000 mortgage.
After starting the index on May 1, 2025, mortgage rates are now 106 bps less expensive.
The highest price was May 22, and the lowest price was August 7.
THE LENDZEN INDEX
Most mortgages are sold into mortgage-backed securities (MBS). The price of these bonds determines rates for all banks and lenders.
However, mortgage rates DO NOT rise or fall.
The full range of rates is always available, and instead the price of each rate is what changes.
For example, when mortgage bond prices fall the fee for each rate increases. The same rates exist, but now each is more expensive.
Traditional mortgage indices falsely suggest rates are changing by posting a daily “average” they conjure up from unverifiable data.
Meanwhile, the LendZen Index tracks the price of each mortgage rate across a spectrum of publicly traded MBS.
This provides a clearer picture of how the cost to obtain a mortgage has changed, regardless of the lender, rate, or borrower credit score.
LENDZEN MORTGAGE AUTOMATION
In addition to the LendZen Index, you can also check real-time mortgage rates without any human interaction.
LendZen.com (NMLS# 375788) provides a fully automated mortgage shopping experience that gives you anonymous access to all mortgage rates with full transparency of costs upfront as bond prices change.
This eliminates the need for the salespeople who make mortgages so expensive at other lenders.
Some of the unique features you will find on LendZen include:
Customize your own loan in under a minute and get instant qualification results for your exact scenario.
Then revisit your real-time options anytime in the future with just one-click – no need to contact a salesperson, reply to “quote threads”, or fill out documents.
Request an official Loan Estimate for the exact pricing you see online with no extra steps.
Refinance loans get an instant BREAKEVEN analysis based on pure math and without any sales bias.
The analysis shows you whether a refinance will benefit you and what rate has the most savings, using any timeline you decide.
All of this is at your fingertips when you visit LendZen.com
