Low volatility was the most obvious theme for mortgage rates last week. From April 14th through last Friday, the range for a top-tier 30yr fixed rate remained in an ultra-narrow range of 6.29-6.33%. That trend persisted on Monday of this week, but things changed abruptly after that. Tuesday and Wednesday saw moderately big increases that took the average all the way up to 6.50%.  The past two days have been much calmer by comparison, even if rates remain elevated versus last week.  Today's resilience is most easily attributed to a slew of headlines suggesting that peace negotiations are at least being attempted by The U.S. and Iran. Additional progress toward a resolution (or lack thereof) is the most likely source of volatility for rates next week, but markets have also shown some willingness to react to big-ticket economic data (such as next Friday's jobs report). [thirtyyearmortgagerates]

May 1, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.44% -0.01%   5.99% 7.08% 15 Yr. Fixed 6.01% +0.00%   5.55% 6.39% 30 Yr. Jumbo 6.59% -0.01%   6.1% 7.15% Compare Mortgage Rates from Local Lenders for May 1, 2026 Mortgage Rates End Week on a Calm Note Fri, May 1, 2026 1:58PM Low volatility was the most obvious theme for mortgage rates last week. From April 14th through last Friday, the range for a top-tier 30yr fixed rate remained in an ultra-narrow range of 6.29-6.33%. That trend persisted on Monday of this week, but things changed abruptly after that. Tuesday and Wednesday saw moderately big increases that took the average all the way up to 6.50%.  The past two days have been much calmer by comparison, even if rates remain elevated versus last week.  Today's resilience is most easily attributed to a slew of headlines suggesting that peace negotiation... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.44% -0.01 0.00 15 Yr. Fixed 6.01% 0.00 0.00 30 Yr. FHA 5.92% -0.03 0.00 30 Yr. Jumbo 6.59% -0.01 0.00 7/6 SOFR ARM 6.05% -0.08 0.00 30 Yr. VA 5.94% -0.03 0.00 Updates Daily - Last Update: 5/1 Freddie Mac Rate Change Points 30 Yr. Fixed 6.30% +0.07 0.00 15 Yr. Fixed 5.64% +0.06 0.00 Updates Weekly - Last Update: 4/30 Mortgage Bankers Assoc. 30 Yr. Fixed 6.37% +0.02 0.61 15 Yr. Fixed 5.77% +0.02 0.63 30 Yr. Jumbo 6.45% +0.02 0.38 Updates Weekly - Last Update: 4/29 UMBS 30YR 5.0 98.67 -0.07   95.71 100.50 UMBS 30YR 5.5 100.59 -0.07   98.11 101.64 10 YR Treasury 4.377 +0.006   3.948 4.590 Rallying on Peace Hopes and Weaker Data Fri, May 1, 2026 10:35AM Bonds were almost perfectly flat during the overnight session along with oil and stock futures. Morning trading ushered in more volatility as the war-related headlines began to heat up. The most significant developments involve reports of a new peace proposal from Iran--one that potentially offers more concessions on nuclear aspirations. News is thin so far,... (read more) MBS Price Change UMBS 4.5 96.38 -0.09 UMBS 5.0 98.67 -0.07 UMBS 5.5 100.59 -0.07 GNMA 4.5 96.58 +0.05 GNMA 5.0 99.36 +0.03 GNMA 5.5 100.79 -0.04 Pricing as of: 5/1 2:39PM EST US Treasury Yield Change 2 YR Treasury 3.881 +0.016 5 YR Treasury 4.016 +0.013 7 YR Treasury 4.196 +0.010 10 YR Treasury 4.377 +0.006 30 YR Treasury 4.969 +0.003 Pricing as of: 5/1 2:39PM EST Other News Database Mining, Commercial, PPE, Lead Gen Tools; Non-Agency Updates; Capital Markets Fri, May 1, 2026 11:45AM The use of down payment assistance has risen sharply over the past year and a half, especially among FHA borrowers. Participation has jumped from 7.5 percent at the start of 2025 to over 21 percent recently, near the highest levels in years, as high home prices and borrowing costs push more buyers to seek help. Despite this increase, borrowers using DPA look... (read more) Latest Video Minneapolis Fed Pres. Kashkari: Guidance suggesting easing not appropriate ... ISM manufacturing PMI comes in at 52.7, just short of estimates S&P Global U.S. Manufacturing PMI comes in at 54.5 March leading economic index falls 0.6%, falling short of estimates Around the Web Investing Live Trump: Not satisfied with the latest Iran proposal, not sure we're going to get a deal Minneapolis Fed Why I Dissented Institute for Supply Management Manufacturing PMI at 52.7% CNBC Jerome Powell says he will continue to serve as a Fed governor even after chairmanship ends Eye on Housing Housings Share of GDP Dips Below 16% for First Time Since 2019 CNBC Treasury yields are flat as investors digest latest GDP and inflation data CNBC Core inflation rate hit 3.2% in March, as expected; GDP grew 2% in first quarter CNBC Bank of England faces the 'most difficult combination,' says governor Bailey as energy prices soar Investing Live US initial jobless claims 189K vs 215K estimate S&P Global S&P Global US Manufacturing PMI The Conference Board The Conference Board Leading Economic Index® (LEI) for the US Declined in March After Increasing in February CNBC Treasury yields flat as Fed leaves rates unchanged; oil touches $125 overnight BEA Personal income increased $149.2 billion (0.6 percent at a monthly rate) in March

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