Mortgage applications bounced higher last week after the holiday-shortened period, though the increase largely reflected a normalization in activity rather than a meaningful improvement in underlying demand. The Mortgage Bankers Association (MBA) reported a 10.8% increase in total application volume on a seasonally adjusted basis for the week ending June 5. The gain was led by refinance activity, which rose 15% from the previous week. Refinance demand was also 20% higher than the same period one year ago, showing that activity remains well ahead of last year’s pace despite continued rate volatility. Purchase demand also moved higher. The seasonally adjusted Purchase Index increased 7% week over week and was 4% above year-ago levels. The average 30-year fixed mortgage rate rose to 6.60% from 6.57%, but borrowers still found pockets of opportunity as markets continued to react to developments in the Middle East. MBA’s Mike Fratantoni said mortgage rates were volatile last week, noting that “while the average rate was up slightly,” both refinance and purchase applications rebounded following the holiday week. Fratantoni added that the 30-year fixed rate now stands at 6.60%, while refinance and purchase activity each recovered from the prior week’s holiday-affected pace. Adjustable-rate mortgage activity also edged higher. The ARM index increased 12% over the week, and ARM share rose to 8.6% from 8.5%. Meanwhile, the refinance share of mortgage activity climbed to 40.2% from 38.0%.

June 12, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.58% -0.02%   5.99% 6.91% 15 Yr. Fixed 6.14% -0.01%   5.55% 6.25% 30 Yr. Jumbo 6.84% +0.00%   6.1% 6.97% Compare Mortgage Rates from Local Lenders for Jun 12, 2026 Mortgage Rates Near Lowest Levels in Weeks Fri, Jun 12, 2026 2:51PM Some national headlines are pointing out that mortgage rates are higher this week. Those are based on weekly survey data which can often be stale compared to daily rate movement. Actual average rates are now in line with last Thursday's levels of 6.58% for top tier 30yr fixed scenarios. That's just 0.02% higher than May 29th levels. You'd have to go back another 2 weeks to May 14th to see anything lower. What's the catch? It's pretty simple. While we may be near the low end of the 4 week range, that range lies at the highs of 10 month range. It's also reasonably narrow, running from 6.58 to 6... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.58% -0.02 0.00 15 Yr. Fixed 6.14% -0.01 0.00 30 Yr. FHA 6.14% +0.02 0.00 30 Yr. Jumbo 6.84% 0.00 0.00 7/6 SOFR ARM 6.27% +0.02 0.00 30 Yr. VA 6.16% +0.02 0.00 Updates Daily - Last Update: 6/12 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 6.60% +0.03 0.63 15 Yr. Fixed 5.99% +0.06 0.68 30 Yr. Jumbo 6.66% 0.00 0.54 Updates Weekly - Last Update: 6/10 UMBS 30YR 5.0 98.10 -0.02   96.76 100.50 UMBS 30YR 5.5 100.21 0.00   98.96 101.64 10 YR Treasury 4.485 +0.016   3.948 4.668 To Whammie or Not to Whammie, That is Our Friday (And Weekend) Fri, Jun 12, 2026 9:34AM Bonds were sideways at first in the overnight session. Then they improved moderately after newswires from Iran's Mehr news agency detailing some specifics of the peace deal, including the U.S. withdrawing forces from the area. Bonds then began selling as various push-back headlines popped up. Deal not completely confirmed. No location determined. Deal s... (read more) MBS Price Change UMBS 4.5 95.70 -0.12 UMBS 5.0 98.10 -0.02 UMBS 5.5 100.21 0.00 GNMA 4.5 95.78 -0.06 GNMA 5.0 98.64 -0.05 GNMA 5.5 100.59 +0.06 Pricing as of: 6/12 6:34PM EST US Treasury Yield Change 2 YR Treasury 4.085 +0.022 5 YR Treasury 4.208 +0.021 7 YR Treasury 4.331 +0.017 10 YR Treasury 4.485 +0.016 30 YR Treasury 4.971 +0.014 Pricing as of: 6/12 6:34PM EST Other News Modest Bounce in Refi Demand Despite Rate Volatility Fri, Jun 12, 2026 2:45PM Mortgage applications bounced higher last week after the holiday-shortened period, though the increase largely reflected a normalization in activity rather than a meaningful improvement in underlying demand. The Mortgage Bankers Association (MBA) reported a 10.8% increase in total application volume on a seasonally adjusted basis for the week ending June 5... (read more) Existing-Home Sales Reach Five-Month High as Affordability Improves Fri, Jun 12, 2026 2:25PM Existing-home sales picked up in May, rising to their highest level since December as improving affordability and steady household income gains continued to support demand. Sales increased 3.2% from April to a seasonally adjusted annual rate of 4.17 million , and were also 3.2% higher than a year ago. “More Americans are on the move,” said NAR Chief Ec... (read more) UAD 3.6, Compliance AI, Closing Doc Tools; Bill Pulte Ousted; MBS Investor Interview; MISMO and AI Fri, Jun 12, 2026 11:48AM Every time I use my credit card at the supermarket it can impact my credit score which were invented in 1958. What might be the credit score of the United States with its $1.78 trillion deficit in 2025? Gas stations and supermarkets are two daily places where we see inflation. Trader Joes, with its 630+ locations, is known for many things, not the least of w... 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