Today's top tier 30yr fixed rate was 6.54% for the average lender. You'd have to go back to May 14th's reading of 6.52% to see anything lower. The latest improvement follows another moderate drop in oil prices and bond yields as global markets digest the U.S./Iran peace deal. There's still some risk that the deal doesn't happen as is currently expected. If those risks materialize, rates could nudge back up toward recent highs. But if everything goes according to plan (or close to it), the bond market may continue pricing in the expected impact on oil prices. The only warning is that some analysts think oil prices have already gotten ahead of themselves in that regard. If those analysts are right, it could limit any additional momentum toward lower rates until peace is on more solid footing. Tomorrow brings the next Fed rate announcement. Markets foresee zero chance of a hike or a cut, but will nonetheless be paying attention to new Fed Chair Warsh's first press conference. 

June 16, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.54% -0.02%   5.99% 6.91% 15 Yr. Fixed 6.11% -0.01%   5.55% 6.25% 30 Yr. Jumbo 6.80% -0.03%   6.1% 6.97% Compare Mortgage Rates from Local Lenders for Jun 16, 2026 Mortgage Rates Lowest Since May 14th Tue, Jun 16, 2026 3:56PM Today's top tier 30yr fixed rate was 6.54% for the average lender. You'd have to go back to May 14th's reading of 6.52% to see anything lower. The latest improvement follows another moderate drop in oil prices and bond yields as global markets digest the U.S./Iran peace deal. There's still some risk that the deal doesn't happen as is currently expected. If those risks materialize, rates could nudge back up toward recent highs. But if everything goes according to plan (or close to it), the bond market may continue pricing in the expected impact on oil prices. The only warning is that some ana... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.54% -0.02 0.00 15 Yr. Fixed 6.11% -0.01 0.00 30 Yr. FHA 6.12% -0.01 0.00 30 Yr. Jumbo 6.80% -0.03 0.00 7/6 SOFR ARM 6.22% 0.00 0.00 30 Yr. VA 6.14% -0.01 0.00 Updates Daily - Last Update: 6/16 Freddie Mac Rate Change Points 30 Yr. Fixed 6.52% +0.04 0.00 15 Yr. Fixed 5.84% +0.05 0.00 Updates Weekly - Last Update: 6/11 Mortgage Bankers Assoc. 30 Yr. Fixed 6.60% +0.03 0.63 15 Yr. Fixed 5.99% +0.06 0.68 30 Yr. Jumbo 6.66% 0.00 0.54 Updates Weekly - Last Update: 6/10 UMBS 30YR 5.0 98.46 +0.20   96.76 100.50 UMBS 30YR 5.5 100.46 +0.13   98.96 101.64 10 YR Treasury 4.439 -0.038   3.948 4.668 Stronger Overnight as Europe Trades Peace Tue, Jun 16, 2026 11:55AM European markets definitely got in on the peace deal action yesterday, but they didn't trade it nearly as aggressively as US markets.  Why bring this up? There was a fairly obvious shift toward lower oil prices and bond yields overnight, and the most obvious suspect was simply the opening bell for European markets. While obvious, it wasn't too big. 10yr... (read more) MBS Price Change UMBS 4.5 96.10 +0.22 UMBS 5.0 98.46 +0.20 UMBS 5.5 100.46 +0.13 GNMA 4.5 96.39 +0.22 GNMA 5.0 98.94 +0.13 GNMA 5.5 100.73 +0.07 Pricing as of: 6/16 5:34PM EST US Treasury Yield Change 2 YR Treasury 4.056 -0.017 5 YR Treasury 4.163 -0.031 7 YR Treasury 4.290 -0.037 10 YR Treasury 4.439 -0.038 30 YR Treasury 4.940 -0.038 Pricing as of: 6/16 5:34PM EST Other News AI Products; Fair Lending, Deportations, and Service Animals; AI Governance; Pennymac's AI Path Tue, Jun 16, 2026 10:55AM Sure, we have a Fed meeting, but the Fed doesn’t set mortgage rates. Will they all head off on vacation after this week? Perhaps. Given the increase in the “out of office” replies I am seeing, and children in airports, summer vacation is in full swing. (Apparently families will change their spending habits to accommodate the run up in fuel costs; my local ga... (read more) Latest Video Import prices rose much more than expected in May Homebuilder sentiment drops in June Oil prices fall on proposed U.S.-Iran framework to reopen Strait of Hormuz Wholesale prices rose 1.1% in May, more than expected Around the Web CNBC Fed Chair Warsh expected to withhold 'dot' from central bank's interest rate outlook CNBC Treasury yields fall ahead of Kevin Warsh's first Fed meeting CNBC Trump is giving Warsh room to reshape the Fed PR Newswire ADP National Employment Report Preliminary Estimate for May 30, 2026 Realtor.com Single-Family Home Construction Falls Again in May in the Face of Soaring Borrowing Costs CNBC Warsh's Fed is likely to hold rates steady what the leadership change could mean for your money Eye on Housing Housing Starts Weaken in May as Multifamily Construction Slows CNBC Treasury yields slide as Iran deal drives rethink on Fed interest rate hikes Eye on Housing Builder Sentiment Remains Weak Amid Affordability Concerns Realtor.com Trump Administration Moves To Make Prefab Homes Easier To Build in Factories Investing Live US June Empire Fed +5.7 vs +14.0 expected CNBC U.S. and Iran have 'final, agreed upon text' of a deal, Pakistan prime minister says Investing Live US May industrial production +0.1% vs +0.2% expected

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