Mortgage rates rose somewhat sharply yesterday to match the highest level since March 27th. They're just a hair higher today, thus officially at 6-week highs.  Whereas yesterday's Consumer Price Index (CPI) didn't have an obviously negative impact on rates, today's Producer Price Index (PPI) did. Both are big inflation reports. CPI is typically much more likely to cause a reaction in rates, but PPI showed a much bigger surge in inflation this morning. Even then, the underlying bond market wasn't too much worse by the end of the day and the mortgage-specific bond market actually made a full recovery. But that recovery was too gradual and shallow for the average lender to adjust their rates today. That left our rate index 0.01% higher day over day at 6.57% for a top tier 30yr fixed. [thirtyyearmortgagerates]

May 13, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.57% +0.01%   5.99% 7.08% 15 Yr. Fixed 6.07% +0.03%   5.55% 6.39% 30 Yr. Jumbo 6.68% +0.03%   6.1% 7.15% Compare Mortgage Rates from Local Lenders for May 13, 2026 Mortgage Rates Officially at 6 Week Highs Wed, May 13, 2026 2:58PM Mortgage rates rose somewhat sharply yesterday to match the highest level since March 27th. They're just a hair higher today, thus officially at 6-week highs.  Whereas yesterday's Consumer Price Index (CPI) didn't have an obviously negative impact on rates, today's Producer Price Index (PPI) did. Both are big inflation reports. CPI is typically much more likely to cause a reaction in rates, but PPI showed a much bigger surge in inflation this morning. Even then, the underlying bond market wasn't too much worse by the end of the day and the mortgage-specific bond market actually made a f... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.57% +0.01 0.00 15 Yr. Fixed 6.07% +0.03 0.00 30 Yr. FHA 6.02% +0.02 0.00 30 Yr. Jumbo 6.68% +0.03 0.00 7/6 SOFR ARM 6.32% +0.02 0.00 30 Yr. VA 6.04% +0.02 0.00 Updates Daily - Last Update: 5/13 Freddie Mac Rate Change Points 30 Yr. Fixed 6.37% +0.07 0.00 15 Yr. Fixed 5.72% +0.08 0.00 Updates Weekly - Last Update: 5/7 Mortgage Bankers Assoc. 30 Yr. Fixed 6.45% +0.08 0.66 15 Yr. Fixed 5.83% +0.06 0.73 30 Yr. Jumbo 6.47% +0.02 0.47 Updates Weekly - Last Update: 5/6 UMBS 30YR 5.0 98.28 +0.06   95.71 100.50 UMBS 30YR 5.5 100.33 +0.03   98.11 101.64 10 YR Treasury 4.458 -0.007   3.948 4.590 PPI Hit Even Harder Than CPI, But Damage is Minimal Wed, May 13, 2026 10:21AM The Producer Price Index (PPI) is much more volatile and, on average, much less of a market mover than the Consumer Price Index (CPI), but occasionally, it swings for the fences. Today's release is a clear example with the monthly headline coming in at 1.5 vs 0.5 forecast. In annual terms, headline inflation is a whopping 6.0% versus a 4.9% forecast--up shar... (read more) MBS Price Change UMBS 4.5 95.93 +0.06 UMBS 5.0 98.29 +0.07 UMBS 5.5 100.34 +0.04 GNMA 4.5 96.23 +0.07 GNMA 5.0 98.89 -0.05 GNMA 5.5 100.65 +0.07 Pricing as of: 5/14 7:32AM EST US Treasury Yield Change 2 YR Treasury 3.969 -0.014 5 YR Treasury 4.105 -0.012 7 YR Treasury 4.273 -0.017 10 YR Treasury 4.457 -0.008 30 YR Treasury 5.027 -0.009 Pricing as of: 5/14 7:32AM EST Other News AI, CRM, Verification, DSCR, HELOC Products; Gov't Programs; Rates and Inflation, Borrower Psychology Wed, May 13, 2026 10:55AM The April FOMC Meeting concluded with the Fed leaving interest rates unchanged, and it was the last under Jerome Powell's chairmanship. Chair Powell is the first Fed Chairman to step down and remain on the Board since 1948 due to a) the Federal investigation regarding the cost of renovating the Fed's Headquarters, and b) he probably wants to have a voice in ... (read more) Latest Video Fed's Collins: Sees some scenario where the Fed could be tightening Wholesale inflation jumps 6% in April on annual basis, biggest increase sin... NY Fed: Delinquency transition rates stable at a high level U.S. Treasury reports $954B deficit for fiscal year '26 Around the Web Investing Live Minneapolis Fed Pres. Kashkari: Inflation is too high Investing Live More from Fed's Collins: Strong productivity gains should help lessen inflationary pressure CNBC Mortgage rates move to highest level in 5 weeks, but homebuyers shake it off CNBC Kevin Warsh wins Senate confirmation as the next Federal Reserve chair Investing Live US PPI Final Demand for April 1.4% vs 0.5% est. YoY 6.0% vs 4.9% estimate Investing Live Crude oil inventories for the current week -4.306M versus -2.051M estimate Eye on Housing Residential Construction Input Prices Move Higher In April Eye on Housing Delinquencies Holds Steady in First Quarter of 2026 CNBC Oil price spike turmoil far from over, IEA says as inventories are depleted at record pace" Investing Live Fed's Goolsbee:Inflation is going the wrong way, not just in oil and tariff related things Investing Live The federal budget surplus for April $215 billion which is less than the $220 billion est. Investing Live The US treasury sold $42 billion of 10-year notes that at high yield of 4.468% CNBC Treasury yields fall as investors digest hotter-than-expected CPI data

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