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 in the Iran war peace process. Much like many similar headlines of late, this one could easily unravel in the coming hours, but the bond market responded positively enough to erase the day's losses. In general, when bonds are gaining, rates move lower. Today's intraday gains allowed lenders to "re-price" to lower rates. The average lender was just slightly lower than yesterday's latest levels as of 3pm ET. On the plus side, lower is lower, and that's a victory for today. On the other hand, rates are still very close to long-term highs in the bigger picture. Additionally, and to reiterate a point above, we've seen these sorts of news stories come and go with markets ultimately erasing the initial move after the next set of headlines push the narrative back in the other direction. Bottom line: this was a decent intraday gift, but we're not viewing it as a definitive pivot point in rate trends. 

May 21, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.65% -0.02%   5.99% 7.08% 15 Yr. Fixed 6.22% +0.00%   5.55% 6.39% 30 Yr. Jumbo 6.76% +0.01%   6.1% 7.15% Compare Mortgage Rates from Local Lenders for May 21, 2026 Mortgage Rates Recover After Starting Higher Thu, May 21, 2026 2:40PM 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 in the Iran war peace process. Much like many similar headlines of late, this one could easily unravel in the coming hours, but the bond market responded positively enough to erase the day's losses. In general, when bonds are gaining, rates move lowe... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.65% -0.02 0.00 15 Yr. Fixed 6.22% 0.00 0.00 30 Yr. FHA 6.19% -0.03 0.00 30 Yr. Jumbo 6.76% +0.01 0.00 7/6 SOFR ARM 6.32% -0.01 0.00 30 Yr. VA 6.21% -0.03 0.00 Updates Daily - Last Update: 5/21 Freddie Mac Rate Change Points 30 Yr. Fixed 6.51% +0.15 0.00 15 Yr. Fixed 5.85% +0.14 0.00 Updates Weekly - Last Update: 5/21 Mortgage Bankers Assoc. 30 Yr. Fixed 6.46% +0.01 0.63 15 Yr. Fixed 5.83% 0.00 0.68 30 Yr. Jumbo 6.48% +0.01 0.55 Updates Weekly - Last Update: 5/13 UMBS 30YR 5.0 97.51 +0.16   95.71 100.50 UMBS 30YR 5.5 99.74 +0.10   98.11 101.64 10 YR Treasury 4.569 -0.020   3.948 4.668 Bonds Turn Red Overnight on War Headlines Thu, May 21, 2026 9:19AM Bonds spent most of the overnight session moving sideways to slightly stronger, but everything changed at 6:20am. That's when news broke regarding a statement from Iran's Khamenei saying that Uranium should not leave the country. Given that this is a sticking point for peace negotiations, the response in bonds/oil/etc was immediate and clear. Yields rose fro... (read more) MBS Price Change UMBS 4.5 95.11 +0.20 UMBS 5.0 97.51 +0.16 UMBS 5.5 99.74 +0.10 GNMA 4.5 94.99 -0.15 GNMA 5.0 98.00 +0.16 GNMA 5.5 99.99 +0.07 Pricing as of: 5/21 7:33PM EST US Treasury Yield Change 2 YR Treasury 4.082 +0.023 5 YR Treasury 4.243 -0.006 7 YR Treasury 4.404 -0.013 10 YR Treasury 4.569 -0.020 30 YR Treasury 5.091 -0.035 Pricing as of: 5/21 7:33PM EST Other News Hedging, Verification, Servicing, QC, Reverse Products; Road to Housing Bill Status Thu, May 21, 2026 11:15AM Lots of folks were leaving the MBA’s National Secondary yesterday, and many comments and questions were heard. “Did you hear that Jerry Seinfeld is doing a show at the MBA National in October?” (True) “Ginnie Mae began ratcheting up its cybersecurity efforts in 2024. Why aren’t others?” (Good question; I’m sure they are at some level.) “Most lenders are sell... (read more) Latest Video Housing data strong, jobless claims edge lower, Philly Fed index slides Fmr. Cleveland Fed Pres. Mester: Fed is right to be more concerned about in... Average 30-year fixed mortgage rate rises to 6.75% Pending home sales rose 1.4% in April Around the Web Investing Live Fed's Goolsbee: We have a pretty significant inflation problem Marketwatch Bond yields are in the 'danger zone.' Here's why that's not hurting the market - yet. S&P Global Flash PMI signals subdued growth in May amid price surge Reuters Exclusive: Supreme Leader says enriched uranium must stay in Iran, Iranian sources say Investing Live Fed's Barkin: Current policy is in a good place to respond to ongoing shocks Investing Live US April housing starts 1.465m vs 1.410m expected Federal Reserve Minutes of the Federal Open Market Committee CNBC Fed officials see rate hike ahead if inflation stays elevated, minutes show Investing Live US sells $16 billion of 20 year bonds at a high yield of 5.122% Census.gov MONTHLY NEW RESIDENTIAL CONSTRUCTION, APRIL 2026 CNBC Treasury yields resume climb as traders monitor inflation risks Investing Live US initial jobless claims 209kvs 210K est. Close to expectations for weekly jobs Philadelphia Fed Manufacturing Business Outlook Survey

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