Market Summary Report

Robert Shamie

Fidelity Residential

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M: (732) 859-2400

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Incidental Weakness. Bigger Considerations on The Horizon

Friday, August 21, 2026

Incidental Weakness. Bigger Considerations on The Horizon

Without any data or compelling market movers, bonds came into the day light on inspiration. Low volume/liquidity left the door open for any determined traders to have a bigger-than-normal influence on the market. That arguably happened between 9am and 10:30am ET with both stocks and bonds losing ground simultaneously. This coincided perfectly with an uptick in Fed rate hike expectations seen via near-term Fed Funds Futures.

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Incidental Weakness. Bigger Considerations on The Horizon

MBS & Treasury Markets

UMBS 5.5

99.28

+0.02

10YR TREASURY

4.704

+0.003

8/20/2026 9:40PM EST

MBS Alert: Slightly More Reprice Risk

Prices haven't changed much from the time of the first alert, but MBS have spent more time pushing the lows of the day. Treasuries are also suggesting a bit of extra weakness. 5.5 UMBS are now down 5 ticks (.16) on the day and versus many lenders' morning rate sheet print times. This makes negative reprices slightly more possible than they were a few hours ago. READ MORE

Alert:

MBS Down an Eighth

MBS Morning:

Summertime Data-Free Friday Mystery Box

Today's Mortgage Rates

30YR Fixed

6.77%

+0.01%

15YR Fixed

6.61%

+0.31%

8/21/2026

Mortgage Rates Drift Modestly Higher

For all practical purposes, Friday's mortgage rates were unchanged versus Thursday's, but if we're splitting hairs, the average lender rose 0.01% to 6.77% for a top tier 30yr fixed. While many news outlets continue focusing on the mid-week announcement regarding Treasury's bond buyback program, today's bond market volatility was unrelated. Current levels are close to where they were before Wednesday's announcement and that makes sense to anyone who Wednesday's marke... READ MORE

Last Week This Week Next Week

Economic Calendar

Time	Event	Period	Actual	Forecast	Prior
Friday, Aug 21
9:45AM	Aug S&P Global Services PMI	Aug	56.8	54	54.6
9:45AM	Aug S&P Global Manuf. PMI	Aug	53.2	53.9	53.9
9:45AM	Aug S&P Global Composite PMI	Aug	56.0		54.5
Monday, Aug 24

Robert Shamie

Fidelity Residential

P: (732) 686-9999 x101

M: (732) 859-2400

https://fidresi.com

Apply Now

Google

Zillow

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The interest rate data provided in this newsletter are national averages from independent data sources. Rate/APR terms may differ from those listed above based on the creditworthiness of the borrower. All information provided "as is" for informational purposes only, not intended for trading purposes or financial advice.

Reproduction or redistribution this newsletter, outside of the distribution services provided, is prohibited. Interest rate data provided in this newsletter are national averages. Rate/APR terms may differ. All information provided "as is" for informational purposes only.