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| Mortgage Rates End Week at Lows | ||
| 6/26/2026 2:06 PM | ||
| Mortgage rates officially hit their lowest level in more than a month yesterday with MND"s 30yr fixed index falling to 6.53% from 6.55% on Wednesday. Today was completely unchanged at 6.53%, thus maintaining the lowest level since May 14th, 2026. There weren"t any dramatic developments behind the scenes in term of economic data or news headl...Read More | ||
| Lowest Mortgage Rates Since May 14th | ||
| 6/25/2026 12:45 PM | ||
| Mortgage rates had a great day yesterday, moving within 0.01% of the lowest levels in more than a month. They dropped just a bit more today and are now officially the lowest they"ve been since May 14th. Today"s improvement was more of an afterthought, but nonetheless helps legitimize yesterday"s heavy lifting as something other than a freak ...Read More | ||
| Mortgage Rates Quickly Approaching 1-Month Lows | ||
| 6/24/2026 1:52 PM | ||
| Rate momentum shifted noticeably on Wednesday. The underlying bond market saw heavy buying in pre-market trading--likely a result of large-scale quarter-end rebalancing among the largest money managers (i.e. adjusting balance of stocks vs bonds in investment portfolios). Excess demand for bonds = lower rates, all else equal. It also hasn"t hurt th...Read More | ||
| Rates Hold Mostly Steady Despite Bond Market Improvement | ||
| 6/23/2026 2:31 PM | ||
| Mortgage rates may be based directly on the bond market, but the two don"t always move in perfect lock-step. Today was a good example of that. Bonds improved enough for rates to move modestly lower according to typical correlation. Instead, the average mortgage lender improved by the smallest possible amount that we register on our daily rate index...Read More | ||
| Mortgage Rates Bounce Back Toward Recent Highs | ||
| 6/22/2026 2:57 PM | ||
| Mortgage rates gave back the improvement seen last Thursday and broke above last Wednesday"s levels to hit the highest mark since June 10th. This isn"t a big range in the bigger picture, but it does leave rates near 10-month highs. The move is also a bit counterintuitive given developments in other markets and typical correlations. For instance, O...Read More | ||
| Mortgage Rates Stage Decent Recovery of Post-Fed Losses | ||
| 6/18/2026 11:46 AM | ||
| Mortgage rates spiked yesterday after the Fed announcement. The primary driver was the Fed"s revised outlook for potential rate hikes later this year. Because the Fed Funds Rate governs ultra-short-term transactions (24hrs or less), it has the biggest impact on the shortest-term debt and a diminishing impact on longer term debt. While the typical ...Read More | ||
| Mortgage Rates Spike in Response to Fed | ||
| 6/17/2026 3:09 PM | ||
| Mortgage rates quickly erased a week of progress this afternoon following the Fed announcement and press conference. Fed announcement day historically has several components: the announcement itself, the summary of economic projections (SEP), and the press conference. Within the SEP, there is the dot plot showing each Fed member"s assumption...Read More | ||
| Mortgage Rates Lowest Since May 14th | ||
| 6/16/2026 2:56 PM | ||
| 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 exp...Read More | ||
| Mortgage Rates Hit One-Month Lows | ||
| 6/15/2026 2:51 PM | ||
| The bad news: mortgage rates didn"t fall quite as much as one might have expected following the confirmation of the Iran peace deal. The good news: rates had already begun pricing in the peace deal last Thursday and it only took a modest improvement for the average lender to match the lowest level in exactly one month. For context, today"s M...Read More | ||
| Mortgage Rates Near Lowest Levels in Weeks | ||
| 6/12/2026 1:51 PM | ||
| Some national headlines are pointing out that mortgage rates are higher this week. Those are based on weekly survey data which can often be stale compared to daily rate movement. Actual average rates are now in line with last Thursday"s levels of 6.58% for top tier 30yr fixed scenarios. That"s just 0.02% higher than May 29th levels. You"d have to g...Read More | ||
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