Following last week's relatively strong move to the lowest levels since May 14th, mortgage rates bounced slightly higher to start the news week. The move followed a clear shift in the Iran war news cycle with morning headlines citing Iranian officials saying the peace negotiation were effectively tabled as long as hostilities remained between Israel and Lebanon. As a refresher, the Iran war is bad for rates primarily due to the actual and implied impact on inflation due to higher fuel costs. Bonds dictate rates and bonds hate inflation. There was an immediate and moderately sharp reaction in both oil prices and bonds right when this morning's news came out. Fortunately, the damage was fairly mild for mortgage rates with the average lender moving up 0.04% to 6.60% for a top tier 30yr fixed scenario. This is still 0.10% lower than the most recent high of 5.70% seen on May 19th.

June 1, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.60% +0.04%   5.99% 6.97% 15 Yr. Fixed 6.10% +0.01%   5.55% 6.25% 30 Yr. Jumbo 6.70% +0.02%   6.1% 7.05% Compare Mortgage Rates from Local Lenders for Jun 1, 2026 Rates Pull Back Slightly Mon, Jun 1, 2026 3:33PM Following last week's relatively strong move to the lowest levels since May 14th, mortgage rates bounced slightly higher to start the news week. The move followed a clear shift in the Iran war news cycle with morning headlines citing Iranian officials saying the peace negotiation were effectively tabled as long as hostilities remained between Israel and Lebanon. As a refresher, the Iran war is bad for rates primarily due to the actual and implied impact on inflation due to higher fuel costs. Bonds dictate rates and bonds hate inflation. There was an immediate and moderately sharp reaction in ... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.60% +0.04 0.00 15 Yr. Fixed 6.10% +0.01 0.00 30 Yr. FHA 6.15% +0.05 0.00 30 Yr. Jumbo 6.70% +0.02 0.00 7/6 SOFR ARM 6.14% +0.08 0.00 30 Yr. VA 6.17% +0.05 0.00 Updates Daily - Last Update: 6/1 Freddie Mac Rate Change Points 30 Yr. Fixed 6.53% +0.02 0.00 15 Yr. Fixed 5.87% +0.02 0.00 Updates Weekly - Last Update: 5/28 Mortgage Bankers Assoc. 30 Yr. Fixed 6.65% +0.09 0.65 15 Yr. Fixed 5.97% +0.04 0.84 30 Yr. Jumbo 6.68% +0.10 0.42 Updates Weekly - Last Update: 5/27 UMBS 30YR 5.0 98.22 -0.23   96.26 100.50 UMBS 30YR 5.5 100.32 -0.19   98.57 101.64 10 YR Treasury 4.473 +0.035   3.948 4.668 Weaker Start as War News Cycle Shifts Mon, Jun 1, 2026 9:35AM Last week's focus for war-related headlines involved various attempts to hone in on just how close we were to a confirmed preliminary peace deal. The results were predictable with bonds moving to their lowest yields in weeks. The shoe is very much on the other foot to start the new week with headlines saying Iran is pulling out of peace talks until the Israe... (read more) MBS Price Change UMBS 4.5 95.83 -0.27 UMBS 5.0 98.23 -0.23 UMBS 5.5 100.31 -0.19 GNMA 4.5 95.91 -0.37 GNMA 5.0 98.61 -0.22 GNMA 5.5 100.53 -0.11 Pricing as of: 6/1 4:08PM EST US Treasury Yield Change 2 YR Treasury 4.049 +0.048 5 YR Treasury 4.184 +0.041 7 YR Treasury 4.323 +0.039 10 YR Treasury 4.474 +0.035 30 YR Treasury 4.992 +0.024 Pricing as of: 6/1 4:08PM EST Other News Non-QM, HELOC, AI, LOS, eVault Tools; Gov't Loan Program Changes; Investor Thoughts Mon, Jun 1, 2026 10:48AM While M&A continues (the latest example being Berkshire Hathaway buying homebuilder Taylor Morrison for $8.5 billion!), I find myself in San Juan Capistrano at the Insellerate Experience Summit but keeping an eye out for returning swallows. Lenders are keeping an eye out for loans: Although lenders generally had a good April and May, pipelines for June f... (read more) Latest Video May ISM Manufacturing PMI at 54.0, highest reading since May 2022 Fed's Musalem: Inflation above target and real rates are below neutral April new home sales miss estimates down 11% year-over-year Oil whipsaws amid conflicting reports from the U.S., Iran on deal progress Around the Web CNBC Iran stops negotiations with U.S., vows to 'completely' block Strait of Hormuz: State media S&P Global PMI: Output growth rises to strongest level since April 2022 CNBC Treasury yields edge higher as U.S. and Iran exchange strikes CNBC U.S. intercepted Iranian missiles targeting American forces in Kuwait, Central Command says ISM ISM Manufacturing Highest Since 2022, Price Pressures Evident Breaking The News US construction spending up 0.4% in April Eye on Housing New Home vs. Existing Home Prices in Q1 2026 CNBC Student loan borrowers will have two new repayment options come July 1. Here's how to pick one Eye on Housing Single-Family AD&C Lending Edges Higher in Q1 Eye on Housing Rent Prices Continue to Rise, While Absorption Remains Low Eye on Housing Private Residential Construction Spending Increases in April Investing Live Fed's Daly says she doesn't see mass unemployment or displacement from AI NY Fed The New York Fed Staff Nowcast

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