Top-tier 30-year fixed rates are back above 6.5% today for the first time in more than a month for the average lender. Many lenders raised rates during the course of the day as well.  Those who didn't will likely have to raise rates tomorrow unless the underlying bond market makes a significant recovery overnight. Rates are driven by bonds and bonds are starting the week at higher yields in response to war-related developments. In general, escalation in the Iran war pushes bond yields higher by implying higher inflation via higher oil prices. Additionally, funding the war implies the need for more Treasury supply in the future as the U.S. issues debt to pay for the war. Higher supply leads to lower prices for bonds, and lower prices mean higher rates. Today's top-tier rate of 6.56% is the highest since March 27th, when it was 6.62% and the third highest since August, 2025. [thirtyyearmortgagerates]

May 4, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.56% +0.12%   5.99% 7.08% 15 Yr. Fixed 6.05% +0.04%   5.55% 6.39% 30 Yr. Jumbo 6.62% +0.03%   6.1% 7.15% Compare Mortgage Rates from Local Lenders for May 4, 2026 Highest Rates in More Than a Month Mon, May 4, 2026 3:19PM Top-tier 30-year fixed rates are back above 6.5% today for the first time in more than a month for the average lender. Many lenders raised rates during the course of the day as well.  Those who didn't will likely have to raise rates tomorrow unless the underlying bond market makes a significant recovery overnight. Rates are driven by bonds and bonds are starting the week at higher yields in response to war-related developments. In general, escalation in the Iran war pushes bond yields higher by implying higher inflation via higher oil prices. Additionally, funding the war implies the nee... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.56% +0.12 0.00 15 Yr. Fixed 6.05% +0.04 0.00 30 Yr. FHA 6.03% +0.11 0.00 30 Yr. Jumbo 6.62% +0.03 0.00 7/6 SOFR ARM 6.24% +0.19 0.00 30 Yr. VA 6.05% +0.11 0.00 Updates Daily - Last Update: 5/4 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 98.16 -0.54   95.71 100.50 UMBS 30YR 5.5 100.25 -0.34   98.11 101.64 10 YR Treasury 4.447 +0.072   3.948 4.590 Weaker Start. Bonds Not Recovering With Oil So Far Mon, May 4, 2026 10:09AM The overnight and early domestic trading hours have brought a mix of familiar and unfamiliar patterns. Up until roughly 8:30am, we saw a very familiar correlation between oil prices and bond yields. Both spiked at 6am following reports that 2 Iranian missiles hit a U.S. warship. Those reports were subsequently denied and oil prices made a full recovery. The ... (read more) MBS Price Change UMBS 4.5 95.86 -0.57 UMBS 5.0 98.16 -0.55 UMBS 5.5 100.23 -0.36 GNMA 4.5 96.08 -0.52 GNMA 5.0 98.88 -0.46 GNMA 5.5 100.58 -0.18 Pricing as of: 5/4 3:59PM EST US Treasury Yield Change 2 YR Treasury 3.964 +0.082 5 YR Treasury 4.095 +0.078 7 YR Treasury 4.270 +0.082 10 YR Treasury 4.448 +0.073 30 YR Treasury 5.027 +0.065 Pricing as of: 5/4 3:59PM EST Other News Compliance, Surveys, eGuides and Webinars; Agency Updates; Spector Q&A Mon, May 4, 2026 10:49AM The industry is talking about their earnings: Fannie Mae had $3.7 billion of net income, Freddie Mac had net income of $3.6 billion. Regular and frequent information like this is critical to make informed decisions, whether you’re thinking about buying stock or buying a home. I recently received this note. “Rob, occasionally I am asked by my clients, and fri... (read more) Latest Video Benjamin Moore CEO on the housing market and consumer demand Iran threatens U.S. forces in Strait of Hormuz after Trump launches mission... S&P Global U.S. Manufacturing PMI comes in at 54.5 ISM manufacturing PMI comes in at 52.7, just short of estimates Around the Web Investing Live Fed's Williams: Trims his GDP forecast and boosts inflation view CNBC UAE says it intercepted Iranian missiles for first time since ceasefire began CNBC Warsh's take on Fed independence is met with confusion and some concern CNBC Private student loan market set to expand under new federal loan caps with risks for grad school borrowers CNBC Bond yields move higher as traders digest Middle East unrest, await jobs report Realtor.com Mortgage Debt Is Rising the Fastest in These Surprising States Investing Live US March factory orders surge +1.5%, versus +0.5% consensus as core capex revised higher Minneapolis Fed Why I Dissented Investing Live Trump: Not satisfied with the latest Iran proposal, not sure we're going to get a deal Institute for Supply Management Manufacturing PMI at 52.7% CNBC Treasury yields are flat as investors digest latest GDP and inflation data S&P Global S&P Global US Manufacturing PMI Eye on Housing Student Housing Construction Investment Holds Steady in the First Quarter of 2026

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