Last week was decidedly stronger for mortgage rates as they either held steady or moved lower on 5 out of 5 days. All told, it was a 0.14% drop from the previous week in terms of the average top-tier 30yr fixed rate.  The new week is starting out in opposite fashion with rates moving up 0.07% today alone. This follows news over the weekend that Trump rejected Iran's counterproposal to end the war. In general, the longer the war continues, the higher oil prices will remain.  Oil price don't dictate rates, but there's currently a lot of correlation due to inflation implications. Oil naturally impacts the cost to ship goods, so a rapid spike in oil prices increases inflation. Rates are based on bonds, and bonds hate inflation. In fact, inflation is technically a component of bond yields (aka "rates"). Despite the rocky start to the week, we're not necessarily destined to move in one direction or the other. Everything depends on progress toward peace, or lack thereof. To a lesser extent, this week's incoming economic data can also have an impact. Coincidentally, much of that data focuses on inflation for the month of April.

May 11, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.49% +0.07%   5.99% 7.08% 15 Yr. Fixed 6.00% +0.01%   5.55% 6.39% 30 Yr. Jumbo 6.61% +0.02%   6.1% 7.15% Compare Mortgage Rates from Local Lenders for May 11, 2026 Mortgage Rates Rising to Start New Week Mon, May 11, 2026 3:30PM Last week was decidedly stronger for mortgage rates as they either held steady or moved lower on 5 out of 5 days. All told, it was a 0.14% drop from the previous week in terms of the average top-tier 30yr fixed rate.  The new week is starting out in opposite fashion with rates moving up 0.07% today alone. This follows news over the weekend that Trump rejected Iran's counterproposal to end the war. In general, the longer the war continues, the higher oil prices will remain.  Oil price don't dictate rates, but there's currently a lot of correlation due to inflation implications. Oil ... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.49% +0.07 0.00 15 Yr. Fixed 6.00% +0.01 0.00 30 Yr. FHA 5.95% +0.02 0.00 30 Yr. Jumbo 6.61% +0.02 0.00 7/6 SOFR ARM 6.29% +0.02 0.00 30 Yr. VA 5.97% +0.02 0.00 Updates Daily - Last Update: 5/11 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 98.56 -0.33   95.71 100.50 UMBS 30YR 5.5 100.54 -0.27   98.11 101.64 10 YR Treasury 4.405 +0.050   3.948 4.590 Weaker Start After Peace Deal Stalls Mon, May 11, 2026 11:28AM Bonds are starting the day moderately weaker. The reasons are straightforward. Chief among them, Trump rejected Iran's counterproposal to end the war, calling it "totally unacceptable." In response, Iran's foreign minister said it will never bow to foreign pressure. Adding fuel to the fire, Netanyahu said the war was not over and there was "more work to be d... (read more) MBS Price Change UMBS 4.5 96.28 -0.37 UMBS 5.0 98.53 -0.36 UMBS 5.5 100.53 -0.28 GNMA 4.5 96.47 -0.23 GNMA 5.0 99.21 -0.30 GNMA 5.5 100.78 -0.12 Pricing as of: 5/11 4:09PM EST US Treasury Yield Change 2 YR Treasury 3.948 +0.062 5 YR Treasury 4.070 +0.060 7 YR Treasury 4.237 +0.061 10 YR Treasury 4.410 +0.055 30 YR Treasury 4.985 +0.041 Pricing as of: 5/11 4:09PM EST Other News Latest Video April home sales disappoint as higher mortgage rates weigh on buyers Kevin Warsh's final spring to Fed chair: Here's what to know May consumer sentiment comes in at 48.2, falling short of estimates Watch CNBC's full interview with Chicago Fed President Austan Goolsbee Around the Web Investing Live Iran news: Pres Trump is considering renewing Project Freedom CNBC April home sales disappoint as higher mortgage rates weigh on buyers Investing Live U.S. Treasury auctions off $58 billion of three-year notes at a high yield of 3.965% BLS Job openings rate 2.3 percent in wholesale trade, 5.5 percent in accommodation and food services CNBC Treasury yields move higher as Middle East peace talks falter CNBC The Federal Reserve is quickly running out of reasons to cut interest rates Eye on Housing Residential Building Worker Wages Remain Soft in Early 2026 Amid Slower Housing Activity Federal Reserve US Consumer Credit Actual 24.855B (Forecast 13.72B, Previous 9.48B) Investing Live University of Michigan sentiment for May 48.2 versus 49.5 estimate Investing Live Fed's Goolsbee: inflation has not been great. Job market is pretty much stable Investing Live US April non-farm payrolls +115K vs +62K expected CNBC Treasury yields edge lower as traders await key jobs data NY Fed US NY Fed GDP Nowcast Q2: 2.59% (prev 2.52%)

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