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What did July producer prices show?
Final demand prices were unchanged for the month and up 4.7% over the year. The less-food-energy-and-trade measure rose 0.4% for the month and 4.7% over the year.
What rates and APRs were reported at publication?
For the disclosed benchmark scenario: Conventional 6.75% rate and 6.918% APR, FHA 6.25% rate and 6.906% APR, and VA 6.125% rate and 6.417% APR.
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Market context for August 13, 2026. The flat headline limited the immediate shock, but firm core prices kept the inflation signal mixed.
What gets the next vote? Bonds and incoming dataTreasury supply and later inflation reports can reinforce or reverse the initial response.
The morning story in one minute
July producer prices were unchanged for the month as a 0.7% decline in goods offset a 0.2% rise in services and a 2.2% increase in construction.
The less-food-energy-and-trade measure rose 0.4%. Both headline and core producer prices were 4.7% higher than a year ago. The 10-year Treasury was near 4.67% around the release.
Where mortgage rates sit
For the disclosed representative scenario, Conventional was 6.75% with a 6.918% APR, FHA was 6.25% with a 6.906% APR, and VA was 6.125% with a 6.417% APR.
The representative Conventional rate was 0.16 percentage points above last Thursday's 6.59%. The latest broad daily Conventional index was 6.74%, within a one-year range of 5.99% to 6.85%.
The headline was flat, but core pressure stayed firm
Lower energy and food prices pulled the goods index down, while services and construction moved higher. That made the headline look softer than the underlying core measure.
For mortgage markets, the release avoided a hotter headline surprise but did not create a clean case for sharply lower yields. Lender pricing can still change at different times.
Three things worth knowing
First, final demand prices were unchanged in July. Second, the core measure rose 0.4% for the month and 4.7% over the year. Third, the 10-year Treasury stayed near 4.67% around the release.
The mix matters because mortgage rates follow the bond market more directly than any single inflation statistic.
What this means for buyers and professionals
Active buyers can compare a fresh scenario with last week's numbers instead of reacting to the headline alone. Professionals can identify the payment or rate threshold that would actually change a client's decision, then update the scenario when pricing moves.
What did July producer prices show?
Final demand prices were unchanged for the month and up 4.7% over the year. The less-food-energy-and-trade measure rose 0.4% for the month and 4.7% over the year.
What rates and APRs were reported at publication?
For the disclosed benchmark scenario: Conventional 6.75% rate and 6.918% APR, FHA 6.25% rate and 6.906% APR, and VA 6.125% rate and 6.417% APR.
What remains unknown
Later bond-market movement, lender repricing, and future inflation reports remain unknown. Market conditions can change after publication. For today’s context, view the published mortgage rates or plan a comfortable payment.
Sources and timing
- Producer Price Index summary (new tab)
Official July producer-price release. - Daily Treasury yield curve (new tab)
Official closing-yield context. - Mortgage News Daily rate indexes (new tab)
Completed daily Conventional index observation.
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