Mortgage rates began the day in uneventful fashion with the average lender right in line with yesterday's latest levels. Things might have gotten off to a slightly better start, but higher inflation in this morning's econ data and discouraging war-related headlines put upward pressure on bond yields (yields and rates are technically the same thing and they move in the same direction). The bulk of the day remained uneventful but that changed abruptly at 1:30pm when news circulated that Trump cancelled today's planned air strikes and said that both sides had approved final details of a permanent ceasefire, and that a time/place of a deal signing would be announced shortly. Markets reacted swiftly with stocks rallying, oil falling, and rates dropping. Mortgage lenders prefer to set rates only once per day, but they will make mid-day changes if the underlying bond market makes a big enough move. Today's was easily big enough, and a vast majority of lenders made friendly revisions to their daily rate offerings in short order. The net effect brough the average lender to the lowest levels since last Thursday.

June 11, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.60% -0.07%   5.99% 6.91% 15 Yr. Fixed 6.15% -0.05%   5.55% 6.25% 30 Yr. Jumbo 6.84% -0.01%   6.1% 7.02% Compare Mortgage Rates from Local Lenders for Jun 11, 2026 Rates Drop Sharply to One Week Lows Thu, Jun 11, 2026 4:00PM Mortgage rates began the day in uneventful fashion with the average lender right in line with yesterday's latest levels. Things might have gotten off to a slightly better start, but higher inflation in this morning's econ data and discouraging war-related headlines put upward pressure on bond yields (yields and rates are technically the same thing and they move in the same direction). The bulk of the day remained uneventful but that changed abruptly at 1:30pm when news circulated that Trump cancelled today's planned air strikes and said that both sides had approved final details of a permanen... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.60% -0.07 0.00 15 Yr. Fixed 6.15% -0.05 0.00 30 Yr. FHA 6.12% -0.05 0.00 30 Yr. Jumbo 6.84% -0.01 0.00 7/6 SOFR ARM 6.25% -0.07 0.00 30 Yr. VA 6.14% -0.05 0.00 Updates Daily - Last Update: 6/11 Freddie Mac Rate Change Points 30 Yr. Fixed 6.52% +0.04 0.00 15 Yr. Fixed 5.84% +0.05 0.00 Updates Weekly - Last Update: 6/11 Mortgage Bankers Assoc. 30 Yr. Fixed 6.57% -0.08 0.67 15 Yr. Fixed 5.93% -0.04 0.76 30 Yr. Jumbo 6.66% -0.02 0.35 Updates Weekly - Last Update: 6/3 UMBS 30YR 5.0 98.15 +0.02   96.76 100.50 UMBS 30YR 5.5 100.24 +0.02   98.96 101.64 10 YR Treasury 4.463 -0.005   3.948 4.668 Some Volatility and Resilience After Trump Comments and Data Thu, Jun 11, 2026 9:44AM Bonds were reasonably stronger in the overnight session with 10yr yields down roughly 4bps from 4.56 to 4.52. About 8 minutes before the PPI data came out, a series of Trump comments on the Iran war sent oil prices and bond yields higher (new strikes and intent to take Kharg Island). PPI added to the pressure with the monthly headline hitting 1.1% vs 0.7% fo... (read more) MBS Price Change UMBS 4.5 95.83 +0.01 UMBS 5.0 98.15 +0.02 UMBS 5.5 100.24 +0.02 GNMA 4.5 95.84 +0.00 GNMA 5.0 98.74 +0.05 GNMA 5.5 100.57 +0.03 Pricing as of: 6/12 4:37AM EST US Treasury Yield Change 2 YR Treasury 4.070 +0.007 5 YR Treasury 4.189 +0.001 7 YR Treasury 4.315 +0.001 10 YR Treasury 4.463 -0.005 30 YR Treasury 4.953 -0.004 Pricing as of: 6/12 4:37AM EST Other News Hedging, HOA Lien Monitoring, Reverse Products; Webcasts; CFPB's Humility Pledge Thu, Jun 11, 2026 10:51AM Broker and Lender Products, Software, and Services On the PGA Tour, the player who enters Sunday’s final round in first place only goes on to win about one-third of the time. Getting close and finishing the job are two different things. Optimal Blue's May Market Advantage report found a similar dynamic in mortgage pipelines: Purchase loans accounted for mo... (read more) Latest Video Wholesale prices rose 1.1% in May, more than expected Home sales surged in May to the highest level since December Consumer prices rose 4.2% annually in May, highest in three years U.S. Federal budget deficit remains at $1.25T through May Around the Web CNBC Trump cancels Iran strikes scheduled for Thursday evening Eye on Housing Residential Building Material Prices Rise at Highest Rate In Over Three Years CNBC Consumer prices rose 4.2% annually in May, highest in three years Investing Live US sells 30-year bonds at 5.020% vs 5.008% WI CNBC Trump says U.S. will seize Kharg Island and other 'oil infrastructure points' Investing Live US Initial jobless claims 229K vs 219K estimate. Continuing Claims 1.795M vs 1.780M est. CNBC Wholesale prices rose 1.1% in May, more than expected Investing Live U.S. Treasury auctions off $39 billion of 10 year notes at a high yield of 4.538% CNBC Weekly mortgage demand surges nearly 11% higher, despite volatile interest rates CNBC ECB hikes interest rates for first time since 2023 as Iran war ramps-up energy costs Eye on Housing Home Building Regulatory Cost Burdens Increased 40% from 2021 to 2026 CNBC Treasury yields steady as investors monitor inflation data, U.S. strikes in Iran CNBC Treasury yields unmoved ahead of key inflation data releases

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