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| Mortgage Rates End Week Roughly Unchanged | ||
| 5/22/2026 12:19 PM | ||
| Mortgage lenders rely on the bond market to generate mortgage rates. In addition to being fully closed on Monday for Memorial Day, bonds also close 3 hours earlier than normal on the preceding Friday (i.e. today). The abbreviated trading session was fairly uneventful for rates despite some back-and-forth volatility in response to diplomacy headlin...Read More | ||
| Mortgage Rates Recover After Starting Higher | ||
| 5/21/2026 1:40 PM | ||
| After posting a decent recovery from 9-month highs yesterday, it looked like mortgage rates were destined to bounce back toward slightly higher levels today. In fact, when lenders released their initial rates this morning, the average 30yr fixed rate was indeed moderately higher. But shortly after 1pm ET, news broke regarding additional progress i...Read More | ||
| Mortgage Rates Recover All of Yesterday"s Losses | ||
| 5/20/2026 1:58 PM | ||
| Wednesday brought some much-needed relief for the mortgage market after rates surged to new 9 month highs of 6.75% yesterday. Whereas that rate spike was decoupled from the prevailing narrative of war-related headlines, today"s recovery was quite the opposite. Newswires came out shortly after 10am ET that suggested the U.S. and Iran are nearing a ...Read More | ||
| Mortgage Rates Jump Again, Now up 0.75% Since Start of The War | ||
| 5/19/2026 2:28 PM | ||
| It was another rough day for the bond market and, thus, for interest rates. Investors aggressively sold bonds in the first 2 hours of trading, taking 10yr Treasury yields to the highest level in more than a year. Mortgage-specific bonds have been doing better versus Treasuries in recent months thanks to increased purchase demand from Fannie Mae an...Read More | ||
| Mortgage Rates Start Week at New 9 Month High, But Just Barely | ||
| 5/18/2026 2:34 PM | ||
| Mortgage rates hit their highest levels in more than 9 months at the end of last week. Now today, they"ve edged slightly higher yet again with the average top tier 30yr fixed rate at 6.68% versus 6.65% on Friday. This wasn"t necessarily destined to be the case today. In fact the day began with the average lender unchanged. But the underlying marke...Read More | ||
| Mortgage Rates Surge Toward 8-Month Highs | ||
| 5/15/2026 11:40 AM | ||
| Mortgage rates are driven by bonds and the bond market hoped to see more evidence of shift toward peace during the 2-day Trump/Xi meeting in China. As soon as Trump got back on the plane to head home, bonds began tanking (i.e. jumping to higher yields). When bond yields spike, mortgage rates follow, and today is no exception. The average top-tier ...Read More | ||
| Mortgage Rates Move Moderately Lower | ||
| 5/14/2026 2:20 PM | ||
| May continues to be a more volatile month than the bulk of April when it comes to day over day mortgage rate movement. While the average day has seen that volatility play out in favor of higher rates, today was thankfully the opposite. Yesterday"s latest levels left the average lender at 6 week highs with a top tier 30yr fixed rate of 6.57. ...Read More | ||
| Mortgage Rates Officially at 6 Week Highs | ||
| 5/13/2026 1:58 PM | ||
| Mortgage rates rose somewhat sharply yesterday to match the highest level since March 27th. They"re just a hair higher today, thus officially at 6-week highs. Whereas yesterday"s Consumer Price Index (CPI) didn"t have an obviously negative impact on rates, today"s Producer Price Index (PPI) did. Both are big inflation reports. CPI is typical...Read More | ||
| Mortgage Rates Match Highest Level Since March | ||
| 5/12/2026 2:28 PM | ||
| When the Iran war was in its initial escalation phase, the initial surge in markets took the top-tier 30yr fixed rate to 6.64% for the average lender by March 27th. Rates moved more than 0.30% lower by mid April as peace prospect improved. The third phase of rate movement began in late April and has generally involved a jump back up toward 6...Read More | ||
| Mortgage Rates Rising to Start New Week | ||
| 5/11/2026 2:30 PM | ||
| Last week was decidedly stronger for mortgage rates as they either held steady or moved lower on 5 out of 5 days. All told, it was a 0.14% drop from the previous week in terms of the average top-tier 30yr fixed rate. The new week is starting out in opposite fashion with rates moving up 0.07% today alone. This follows news over the weekend th...Read More | ||
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