May continues to be a more volatile month than the bulk of April when it comes to day over day mortgage rate movement. While the average day has seen that volatility play out in favor of higher rates, today was thankfully the opposite.  Yesterday's latest levels left the average lender at 6 week highs with a top tier 30yr fixed rate of 6.57. The underlying bond market was already beginning to recover yesterday afternoon. Combined with additional, modest bond market improvement overnight, today's 30yr fixed rate fell to 6.52% on average. The Iran war remains the primary source of volatility for markets. Some analysts expect more traction on a peace deal to come out of Trump's meeting with Xi (which will continue into tomorrow). This is far from a given, but if it happens, it would almost certainly put additional downward pressure on rates.

May 14, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.52% -0.05%   5.99% 7.08% 15 Yr. Fixed 6.04% -0.03%   5.55% 6.39% 30 Yr. Jumbo 6.65% -0.03%   6.1% 7.15% Compare Mortgage Rates from Local Lenders for May 14, 2026 Mortgage Rates Move Moderately Lower Thu, May 14, 2026 3:20PM May continues to be a more volatile month than the bulk of April when it comes to day over day mortgage rate movement. While the average day has seen that volatility play out in favor of higher rates, today was thankfully the opposite.  Yesterday's latest levels left the average lender at 6 week highs with a top tier 30yr fixed rate of 6.57. The underlying bond market was already beginning to recover yesterday afternoon. Combined with additional, modest bond market improvement overnight, today's 30yr fixed rate fell to 6.52% on average. The Iran war remains the primary source of volatil... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.52% -0.05 0.00 15 Yr. Fixed 6.04% -0.03 0.00 30 Yr. FHA 5.99% -0.03 0.00 30 Yr. Jumbo 6.65% -0.03 0.00 7/6 SOFR ARM 6.29% -0.03 0.00 30 Yr. VA 6.01% -0.03 0.00 Updates Daily - Last Update: 5/14 Freddie Mac Rate Change Points 30 Yr. Fixed 6.36% -0.01 0.00 15 Yr. Fixed 5.71% -0.01 0.00 Updates Weekly - Last Update: 5/14 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 98.13 -0.09   95.71 100.50 UMBS 30YR 5.5 100.24 -0.06   98.11 101.64 10 YR Treasury 4.480 +0.015   3.948 4.590 Stronger Start. Ho Hum Data Thu, May 14, 2026 9:46AM A recovery toward lower oil prices paved the way for the bond market to recover yesterday morning's weakness and the same theme continued in the overnight session. 8:30am econ data represented a modest risk of volatility, but with Jobless Claims slightly higher and Retail Sales right on target, there was almost no detectable trading response. With that, we h... (read more) MBS Price Change UMBS 4.5 95.77 -0.10 UMBS 5.0 98.13 -0.09 UMBS 5.5 100.24 -0.06 GNMA 4.5 96.12 -0.03 GNMA 5.0 98.79 -0.15 GNMA 5.5 100.56 -0.01 Pricing as of: 5/14 4:58PM EST US Treasury Yield Change 2 YR Treasury 4.013 +0.030 5 YR Treasury 4.144 +0.027 7 YR Treasury 4.305 +0.015 10 YR Treasury 4.480 +0.015 30 YR Treasury 5.028 -0.007 Pricing as of: 5/14 4:58PM EST Other News AI MBS Trading, AI Workflows, Sub-Servicing, eNote, Asset-Based Lending Tools; Colorado Revamps AI Law Thu, May 14, 2026 11:03AM How do you go about trying to run your company’s AI efforts without knowing the rules? Testing suggests Google's AI overviews tells millions of lies per hour. Colorado rewrote its landmark AI law: “Unpacking SB 26-189 and what it means for businesses” described by Ballard Spahr. AI, recapture, and capital markets were one of the topics in yesterday’s Capital... (read more) Latest Video Retail sales up 0.5% in April, as expected Fed's Collins: Sees some scenario where the Fed could be tightening Wholesale inflation jumps 6% in April on annual basis, biggest increase sin... U.S. Treasury reports $954B deficit for fiscal year '26 Around the Web Federal Reserve Stephen I. Miran submits his resignation as a member of the Federal Reserve Board Reuters Inflation is most 'pressing risk' to US economy, Fed's Schmid says CNBC Kevin Warsh wins Senate confirmation as the next Federal Reserve chair Investing Live Minneapolis Fed Pres. Kashkari: Inflation is too high Investing Live US weekly initial jobless claims 211K vs 205K expected CNBC Treasury yields ease as energy costs drive hotter U.S. inflation print Breaking The News US retail sales up by 0.5% in April Investing Live More from Fed's Collins: Strong productivity gains should help lessen inflationary pressure Eye on Housing Delinquencies Holds Steady in First Quarter of 2026 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 Census.gov Advance Monthly Sales for Retail and Food Services Investing Live US business inventories for March 0.9% versus 0.8% estimate.

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