15Y News & Analysis
2 articles
Market Mood
Mortgage Rates Rise: 30-Year Fixed at 6.38% on June 7, 2026
On June 7, 2026, the national average for the 30-year fixed mortgage rate increased by 5 basis points to 6.38%, while the 15-year fixed rate rose by 2 basis points to 5.74%. In contrast, the 5/1 ARM decreased by 24 basis points to 6.39%. Other rates reported include the 20-year fixed at 6.39% and 30-year VA loans at 5.81%. These changes indicate shifting lending conditions which could impact housing demand and refinancing decisions.
Read More
Mortgage Rates Update: 30-Year Fixed Hits 6.25% as of May 2026
As of May 10, 2026, the 30-year fixed mortgage rate increased to 6.25%, up five basis points from the previous week. The 20-year fixed rate decreased six basis points to 5.95%, while the 15-year fixed rate remained unchanged at 5.66%. Additionally, the 5/1 ARM rates are reported at 6.41% and the 7/1 ARM at 6.02%. This mix of rate changes can impact borrowing costs for potential homebuyers and refinancing decisions, reflecting ongoing trends in the mortgage market.
Read More