Mortgage Rates Hold Mostly Steady

After moving moderately lower to start the new week yesterday, mortgage rates backtracked ever-so-slightly today. Top tier conventional 30yr fixed rates remain just under 7% for the average lender. They spent 3 days above that mark last week. Rates can move for a variety of reasons with some of the most common being surprising results in big economic reports. That was not a factor today. Rather, as traders prepared for this afternoon's auction of 5yr Treasuries, the rate market faced some headwinds. The securities that underlie mortgage pricing take major cues from US Treasuries. If investors are more hesitant to buy Treasuries, as they were this morning, it can put some upward pressure on all related rates. All that having been said, the pressure was small enough to be ignored in today's case. There will be higher-consequence economic data over the next 2 days and thus additional risk of bigger swings.

May 28, 2025 Download our Mobile App: Download our Mobile App: Mortgage Rate Watch Mortgage Rates Hold Mostly Steady After moving moderately lower to start the new week yesterday, mortgage rates backtracked ever-so-slightly today. Top tier conventional 30yr fixed rates remain just under 7% for the average lender. They spent 3 days above that mark last w... (read more) MBS Commentary Hesitation Ahead of Treasury Auction and Month-End After starting the holiday-shortened week on a positive note yesterday, bonds are already circling the wagons and encountering some resistance. This doesn't necessarily kill the notion of a supportive ceiling overhead, but it does confirm the broader... (read more) Rob Chrisman MBS Pooling, CRM, Processing Tools; Second, HELOC, ITIN, Jumbo Product News; Builder CEO Survey Overheard in the hallways at last week’s MBA conference: “At my age, instead of a condom I carry a moist towelette in my wallet. At my age, I run into buffalo wings far more often than sex.” There is always news in our biz (like rumors of Guild and B... (read more) Mortgage Rates 30 Yr. Fixed Rate 6.98% +0.01% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.98% +0.01 0.00 15 Yr. Fixed 6.25% -0.01 0.00 30 Yr. FHA 6.49% +0.01 0.00 30 Yr. Jumbo 7.10% 0.00 0.00 7/6 SOFR ARM 6.27% -0.01 0.00 30 Yr. VA 6.51% +0.01 0.00 Updates Daily - Last Update: 5/28 15 Yr. Fixed Rate 6.25% -0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.86% +0.05 0.00 15 Yr. Fixed 6.01% +0.09 0.00 Updates Weekly - Last Update: 5/22 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.92% +0.06 0.69 15 Yr. Fixed 6.21% +0.09 0.72 30 Yr. Jumbo 6.94% +0.09 0.72 Updates Weekly - Last Update: 5/21 MBS / Treasuries UMBS 30YR 5.5 98.63 -0.07 Price / Yield Change MBS UMBS 5.5 98.63 -0.07 UMBS 6.0 100.72 +0.01 GNMA 5.5 98.96 -0.04 GNMA 6.0 100.78 +0.01 Pricing as of: 5/28 5:31PM EST 10 Year US Treasury 4.4748 +0.0297 Price / Yield Change US Treasury 2 YR Treasury 3.991 +0.012 5 YR Treasury 4.072 +0.040 7 YR Treasury 4.259 +0.026 10 YR Treasury 4.475 +0.030 30 YR Treasury 4.972 +0.020 Pricing as of: 5/28 5:31PM EST Latest Video Fannie Mae and Freddie Mac could be worth trillions of dollars, says chairm... Fed: Committee well-positioned to wait for more clarity on inflation and ec... The Fed is likely to be able to ease rates near year-end, says JPMorgan's M... Consumer confidence comes in strong at 98 vs 86 estimated Around the Web CNBC Fed worried it could face 'difficult tradeoffs' if tariffs reaggravate inflation, minutes show Marketwatch Treasury Secretary Bessent has a plan to bring down long-term yields. But will it work? Calculated Risk Blog Inflation Adjusted House Prices 1.0% Below 2022 Peak; Price-to-rent index is 8.1% below 2022 peak CNBC Mortgage rates rose to the highest level since January, but demand from homebuyers still grew. Here's why. Calculated Risk Blog FDIC: Commercial Real Estate "Past-Due and nonaccrual" Highest Since 2014 Eye on Housing Aging-in-Place Remodeling Work Fell While Familiarity and Receptiveness Remain High FHFA U.S. House Prices Rise 4.0 Percent over the Prior Year; Up 0.7 Percent from the Fourth Quarter of 2024 Calculated Risk Blog A few comments on the Seasonal Pattern for House Prices Federal Reserve Bank of Dallas Texas manufacturing production flat, new orders fall CNBC Consumer confidence for May was much stronger than expected on optimism for trade deals S&P Corelogic S&P Corelogic Case-Shiller Index Records 3.4% Annual Gain in March 2025 Eye on Housing Building Material Price Growth Minimal in April CNBC Treasury yields inch higher as investors monitor U.S.-EU trade talks

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