Updated August 26: PCE pushed bonds weaker in the morning, MND’s national 30-year index posted at 6.75%, and a later MND Rate Watch explained why the same day can look lower or higher depending on the comparison time.

Mortgage News Daily’s national 30-year fixed index moved to 6.74% on August 25, down 0.04 percentage point. Here’s how to put that small daily move in context before making a borrower-specific lock decision.

Treasury yields moved lower alongside falling oil prices this morning. Here’s why that can help mortgage pricing—and why it still does not guarantee a lower borrower-specific quote.