Imagine being stuck at home watching TV for 3 months and only being able to stream one show. That's been the case for the bond market (which dictates interest rates) since the beginning of March. The show in question involves watching war-related headlines and reacting in roughly the same manner as oil prices. Today's episode was more interesting than yesterday's. Key details included reports of Iranian missile strikes on various U.S. and allied targets. In general, rates have improved on news that increases the odds of a peace deal. Unsurprisingly, today's headlines (technically, yesterday night, but reflected in today's rate movement) did the opposite. Thanks to headline fatigue and desensitization, the rate market has been responding with less volatility over the past few weeks. As such, today's increase was fairly modest in the big picture but nonetheless leaves rates near their highest levels in more than 9 months. [thirtyyearmortgagerates]

June 3, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.61% +0.04%   5.99% 6.97% 15 Yr. Fixed 6.13% +0.03%   5.55% 6.25% 30 Yr. Jumbo 6.70% +0.00%   6.1% 7.05% Compare Mortgage Rates from Local Lenders for Jun 3, 2026 Mortgage Rates Move Back Up With Oil Prices Wed, Jun 3, 2026 3:03PM Imagine being stuck at home watching TV for 3 months and only being able to stream one show. That's been the case for the bond market (which dictates interest rates) since the beginning of March. The show in question involves watching war-related headlines and reacting in roughly the same manner as oil prices. Today's episode was more interesting than yesterday's. Key details included reports of Iranian missile strikes on various U.S. and allied targets. In general, rates have improved on news that increases the odds of a peace deal. Unsurprisingly, today's headlines (technically, yesterday n... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.61% +0.04 0.00 15 Yr. Fixed 6.13% +0.03 0.00 30 Yr. FHA 6.14% +0.03 0.00 30 Yr. Jumbo 6.70% 0.00 0.00 7/6 SOFR ARM 6.22% +0.08 0.00 30 Yr. VA 6.16% +0.03 0.00 Updates Daily - Last Update: 6/3 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 98.04 -0.30   96.26 100.50 UMBS 30YR 5.5 100.20 -0.19   98.57 101.64 10 YR Treasury 4.492 +0.039   3.948 4.668 Weaker Start on Renewed Bombing, But Still In The Range Wed, Jun 3, 2026 9:13AM Iran launched missiles at several U.S. allies yesterday afternoon and oil prices responded accordingly with a move back up to May 22nd levels. Treasury yields followed, but have generally been staying lower than the oil price correlation would suggest. 10yr yields continue holding a narrow range between 4.43 and 4.52. They're roughly 3.5bps higher to start t... (read more) MBS Price Change UMBS 4.5 95.62 -0.37 UMBS 5.0 98.06 -0.28 UMBS 5.5 100.18 -0.21 GNMA 4.5 95.87 -0.32 GNMA 5.0 98.55 -0.24 GNMA 5.5 100.46 -0.16 Pricing as of: 6/3 5:47PM EST US Treasury Yield Change 2 YR Treasury 4.081 +0.036 5 YR Treasury 4.214 +0.042 7 YR Treasury 4.350 +0.044 10 YR Treasury 4.493 +0.040 30 YR Treasury 4.991 +0.027 Pricing as of: 6/3 5:47PM EST Other News Secondary Execution, Broker Contest, Commercial Products; Webinars; Bill Pulte's Job Move? Wed, Jun 3, 2026 12:00PM The latest and greatest with FHFA Director Bill Pulte (happy 38th birthday last week!) is that President Trump tapped him (more below), to be the acting director of national intelligence. At this point he is still running Freddie Mac and Fannie Mae. The President cited Pulte’s work at the FHFA and his role as chair of Fannie & Freddie, saying Pulte “has ... (read more) Latest Video Fed's May Beige Book: Fed underscores 'K-shaped' economy Job openings rise to 7.62 million in April, highest since May 2024 U.S factory orders rise 4.8% in April May ISM Manufacturing PMI at 54.0, highest reading since May 2022 Around the Web Eye on Housing House Price Appreciation by State and Metro Area in the First Quarter of 2026 CNBC Mortgage rates are easing slightly, but homebuyers are retreating CNBC Sellers are pulling homes off the market at the fastest pace since 2020 Eye on Housing State-Level Employment Situation: April 2026 CNBC Homeowners insurance premiums have soared in recent years. How to reduce your costs Investing Live May ISM services index 54.5 vs 53.8 expected Investing Live Fed's Hammack: We may need to act soon if inflation trends don't cool Investing Live US April JOLTS job openings 7.618m vs 6.88m expected CNBC Private payrolls grew by 122,000 in May, stronger than expected, ADP reports CNBC Treasury yields edge higher as traders monitor Iran war latest and await economic data Eye on Housing HBGI Q1 2026: Single-Family Construction Slips Across All Geographies Eye on Housing Slight Increase for Construction Job Openings Investing Live May US S&P Global services PMI 50.7 vs 50.9 prelim

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