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When the Iran war was in its initial escalation phase, the initial surge in markets took the top-tier 30yr fixed rate to 6.64% for the average lender by March 27th. Rates moved more than 0.30% lower by mid April as peace prospect improved.
The third phase of rate movement began in late April and has generally involved a jump back up toward 6.5% with the first 2 days of the present week accounting for a move from 6.42% to 6.56%. That matches the highest level seen since March 27th.
Bonds yields (which underlie rates) have followed longer-term oil prices to their highest recent levels as Trump said the U.S. is not in a hurry to end the war.
| Rate | Points | Change | |
|---|---|---|---|
|
5/12/26
Mortgage News Daily - daily
|
|||
| 30 Yr. Fixed | 6.56% | -- | +0.07% |
| 15 Yr. Fixed | 6.04% | -- | +0.04% |
| 30 Yr. Jumbo | 6.65% | -- | +0.04% |
| 7/6 SOFR ARM | 6.30% | -- | +0.01% |
| 30 Yr. FHA | 6.00% | -- | +0.05% |
| 30 Yr. VA | 6.02% | -- | +0.05% |
|
5/7/26
Freddie Mac - weekly
|
|||
| 30 Yr. Fixed | 6.37% | 0.00 | +0.07% |
| 15 Yr. Fixed | 5.72% | 0.00 | +0.08% |
|
5/6/26
MBA - weekly
|
|||
| 30 Yr. Fixed | 6.45% | 0.66 | +0.08% |
| 15 Yr. Fixed | 5.83% | 0.73 | +0.06% |
| 30 Yr. FHA | 6.12% | 0.74 | +0.03% |
| 30 Yr. Jumbo | 6.47% | 0.47 | +0.02% |
| 7/6 SOFR ARM | 5.60% | 0.83 | -0.06% |
| Change | 52 Week Range | |||||||
|---|---|---|---|---|---|---|---|---|
| Rate | Points | Previous | 1 Year | Low | High | |||
|
as of 5/12/26
Mortgage News Daily - updated daily
|
||||||||
| 30 Yr. Fixed | 6.56% | -- | +0.07% | -0.36% | 5.99% |
|
7.08% | |
| 15 Yr. Fixed | 6.04% | -- | +0.04% | -0.23% | 5.55% |
|
6.39% | |
| 30 Yr. Jumbo | 6.65% | -- | +0.04% | -0.38% | 6.10% |
|
7.15% | |
| 7/6 SOFR ARM | 6.30% | -- | +0.01% | -0.28% | 5.29% |
|
6.63% | |
| 30 Yr. FHA | 6.00% | -- | +0.05% | -0.27% | 5.62% |
|
6.53% | |
| 30 Yr. VA | 6.02% | -- | +0.05% | -0.24% | 5.64% |
|
6.54% | |
|
as of 5/7/26
Freddie Mac - updated weekly
|
||||||||
| 30 Yr. Fixed | 6.37% | 0.00 | +0.07% | -0.39% | 5.98% |
|
6.89% | |
| 15 Yr. Fixed | 5.72% | 0.00 | +0.08% | -0.20% | 5.35% |
|
6.03% | |
|
as of 5/6/26
Mortgage Bankers Association - updated weekly
|
||||||||
| 30 Yr. Fixed | 6.45% | 0.66 | +0.08% | -0.44% | 6.09% |
|
7.01% | |
| 15 Yr. Fixed | 5.83% | 0.73 | +0.06% | -0.34% | 5.48% |
|
6.45% | |
| 30 Yr. FHA | 6.12% | 0.74 | +0.03% | -0.49% | 5.97% |
|
6.80% | |
| 30 Yr. Jumbo | 6.47% | 0.47 | +0.02% | -0.41% | 6.16% |
|
7.17% | |
| 7/6 SOFR ARM | 5.60% | 0.83 | -0.06% | -0.29% | 5.23% |
|
6.48% | |