Mortgage Mom Radio Weekly - July 31, 2026

Welcome back — Mortgage Mom here. The 30-year ticked lower to 6.77% this week. Not a huge move, but every basis point matters when you're running numbers.

Inside this week's issue I walked through FHA vs Conventional on a $450K purchase so you can see the actual monthly payment math side by side. If you're running numbers on your own situation and want a real answer — not a maybe — text MOM to 844-935-3634 anytime. That's what I'm here for.

— Debbie

Rates this week

30yr fell 4 bps from 6.81% last week to 6.77%.

3-week trend, 30-year and 15-year fixed

Source: Freddie Mac PMMS · Mortgage News Daily · US 10-Year Treasury

Rates shown are national averages from third-party sources for illustrative purposes only. APR estimates use industry-standard fee uplifts and will vary based on borrower qualification, loan amount, and specific fees. Not a commitment to lend.

This week's scenario

FHA vs Conventional on a $450K purchase

First-time buyer, 680 credit score, $22K available for down payment and closing

FHA gets in with a lower credit floor and easier debt-to-income guidelines, but the mortgage insurance follows you for the life of the loan. Conventional needs a stronger credit profile but the PMI drops off automatically at 78% loan-to-value, meaning lower long-term cost for many buyers who can qualify.

For illustrative purposes only. Not a commitment to lend. Actual rates, payments, and eligibility depend on full underwriting and will vary based on credit score, debt-to-income, loan-to-value, property type, occupancy, reserves, and specific investor or agency overlays. Rates and terms shown reflect national averages on the date pulled and are subject to change without notice. Estimated property taxes and homeowners insurance are based on national averages and will vary depending on the specific area where the property is located.

On the show this week

The Fed Just Said No Rate Cut The Fed held rates steady this week for the fifth straight meeting, but the vote was 9 to 3, and all three dissenters wanted a rate hike. Debbie breaks down what the decision really means: why mortgage rates climbed to near one-year highs even while the Fed sat still, who new Fed Chair Kevin Warsh is, what a possible September hike would mean for buyers and homeowners, and why waiting for lower rates has been costing people money all year. Watch the replay

●  IN CASE YOU MISSED IT

Catch up on recent shows

A few recent shows worth catching up on:

	Mortgage Rates Just Hit 2026 Highs — What Happened & What Buyers Do Now PLAY NOW
	The Biggest Condo Lending Change In Over A Decade! PLAY NOW
	The Fed just flipped the script. Rate Hike on the table? PLAY NOW

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