After hitting long-term highs on May 19th, mortgage rates dropped somewhat quickly by May 26th. Ever since then, they've been moving back and forth in a very narrow range. Today's movement happened to be the good kind with the average lender cutting top-tier 30yr fixed rates by 0.03%. As always, keep in mind that mortgages are most commonly offered in 0.125% increments. When our daily rate index changes by only 0.03%, it's because we are also measuring the underlying costs associated with any given rate and extrapolating the relative impact on interest rates. To use a crude example, let's consider two different hypothetical rate quote options yesterday and today. Yesterday 6.625% at a cost of $12 upfront 6.50% at a cost of $24 upfront Today 6.625% at a cost of $9 upfront 6.50% at a cost of $21 upfront Now pretend you only have $15 to spend for closing costs. You still can't afford to buy your rate down to 6.5%, and you'll still be choosing the 6.625% quote. But while the interest rate portion of your quote didn't change, the actual interest cost improved.  Our index captures and expresses these improvements in a single number. 

June 4, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.58% -0.03%   5.99% 6.97% 15 Yr. Fixed 6.11% -0.02%   5.55% 6.25% 30 Yr. Jumbo 6.68% -0.02%   6.1% 7.05% Compare Mortgage Rates from Local Lenders for Jun 4, 2026 Mortgage Rates Lower Today, But in a Narrow Range Thu, Jun 4, 2026 3:13PM After hitting long-term highs on May 19th, mortgage rates dropped somewhat quickly by May 26th. Ever since then, they've been moving back and forth in a very narrow range. Today's movement happened to be the good kind with the average lender cutting top-tier 30yr fixed rates by 0.03%. As always, keep in mind that mortgages are most commonly offered in 0.125% increments. When our daily rate index changes by only 0.03%, it's because we are also measuring the underlying costs associated with any given rate and extrapolating the relative impact on interest rates. To use a crude example, let's co... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.58% -0.03 0.00 15 Yr. Fixed 6.11% -0.02 0.00 30 Yr. FHA 6.11% -0.03 0.00 30 Yr. Jumbo 6.68% -0.02 0.00 7/6 SOFR ARM 6.18% -0.04 0.00 30 Yr. VA 6.13% -0.03 0.00 Updates Daily - Last Update: 6/4 Freddie Mac Rate Change Points 30 Yr. Fixed 6.48% -0.05 0.00 15 Yr. Fixed 5.79% -0.08 0.00 Updates Weekly - Last Update: 6/4 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 98.23 +0.20   96.26 100.50 UMBS 30YR 5.5 100.34 +0.16   98.57 101.64 10 YR Treasury 4.474 -0.021   3.948 4.668 Losses Erased After Another Peace Teaser Thu, Jun 4, 2026 9:14AM The following newswire hit about an hour before the open: TRUMP: US IN THE MIDDLE OF FINAL NEGOTIATIONS TO END IRAN WAR.  Bond yields and oil prices had already fallen modestly up to that point, but more than doubled the overnight rally after that. Yields are thus starting the day roughly 4bps lower, perfectly erasing the entirety of Wednesday's lo... (read more) MBS Price Change UMBS 4.5 95.81 +0.20 UMBS 5.0 98.23 +0.20 UMBS 5.5 100.34 +0.16 GNMA 4.5 96.00 +0.14 GNMA 5.0 98.76 +0.16 GNMA 5.5 100.50 +0.03 Pricing as of: 6/4 5:13PM EST US Treasury Yield Change 2 YR Treasury 4.047 -0.031 5 YR Treasury 4.187 -0.030 7 YR Treasury 4.327 -0.026 10 YR Treasury 4.474 -0.021 30 YR Treasury 4.978 -0.013 Pricing as of: 6/4 5:13PM EST Other News Non-QM, Credit, MERS, Realtor Lead Tools; Section 8 and RESPA Change? loanDepot Case Developments Thu, Jun 4, 2026 11:52AM Lender and Broker Products, Software, and Services There’s been plenty of chatter lately about lenders trying to rebuild realtor referral pipelines. One company may have found a different angle. Inside Real Estate (yes, the company that bought BoomTown) has quietly launched a new lead solution designed specifically for lenders focused on agent relationship... (read more) Latest Video Home sellers pull homes off market at fastest pace since 2020 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 Around the Web Investing Live Fed's Schmid: Biggest risk facing the US economy is now inflation Eye on Housing Highest Paid Occupations in Construction in 2025 Eye on Housing House Price Appreciation by State and Metro Area in the First Quarter of 2026 Challenger Gray May Job Cuts Rise 16% from April; Highest May Total Since 2020 CNBC Sellers are pulling homes off the market at the fastest pace since 2020 Investing Live Fed's Daly: Policy is in a good place and we are prepared to respond either way CNBC Higher mortgage rates don't just keep buyers on the sidelines. Application denials rise too Bank of America The Institute Employment Report: May 2026 Investing Live US Initial jobless claims 225K vs 213K estimate. Continuing Claims 1.777M vs 1.780M est. CNBC U.S. Treasury yields take a breather as traders await more jobs data Eye on Housing State-Level Employment Situation: April 2026 Investing Live May ISM services index 54.5 vs 53.8 expected Investing Live May US S&P Global services PMI 50.7 vs 50.9 prelim

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