US Mortgage Rates Tick Up to Five-Week High

2026-05-13 11:06 By Joana Ferreira 1 min. read

The average US 30-year fixed mortgage rate for conforming loans of $806,500 or less rose slightly to 6.46% in the week ending May 8, 2026, up from 6.45% the previous week and reaching its highest level since early April, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey.

Rates remained elevated as Treasury yields stayed high due to stalled US-Iran negotiations and persistent inflation concerns, which increased bets on a Federal Reserve rate hike later this year or early in 2027.

Despite the high rates, total mortgage application volume climbed 1.7%, marking the first weekly increase after two consecutive declines, driven by a 3.9% rebound in purchase applications.

However, refinance demand continued to decline, dropping by 0.8%.



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US Mortgage Rates Tick Up to Five-Week High
The average US 30-year fixed mortgage rate for conforming loans of $806,500 or less rose slightly to 6.46% in the week ending May 8, 2026, up from 6.45% the previous week and reaching its highest level since early April, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. Rates remained elevated as Treasury yields stayed high due to stalled US-Iran negotiations and persistent inflation concerns, which increased bets on a Federal Reserve rate hike later this year or early in 2027. Despite the high rates, total mortgage application volume climbed 1.7%, marking the first weekly increase after two consecutive declines, driven by a 3.9% rebound in purchase applications. However, refinance demand continued to decline, dropping by 0.8%.
2026-05-13
US Mortgage Rates Rise for Second Week
The average US 30-year fixed mortgage rate for conforming loans of $806,500 or less edged up to 6.45% in the week ending May 1, 2026, from 6.37% the previous week, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. The increase tracked a rise in Treasury yields amid elevated geopolitical uncertainties and stalled US-Iran negotiations, as soaring energy prices fueled bets of a Fed hike this year. As a result, total mortgage application volume fell 4.4%, marking the second consecutive weekly decline. Refinance demand dropped 5.0%, while applications to purchase a home decreased by 3.7%.
2026-05-06
US Mortgage Rates Edge Up in Latest Week: MBA
The average US 30-year fixed mortgage rate for conforming loans of $806,500 or less edged up to 6.37% in the week ended April 24th 2026 from 6.35% in the previous period, according to the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey. The increase broadly mirrored a slight rise in Treasury yields. As a result, total mortgage application volume fell 1.6%, with refinance demand sinking 4.4% while applications to purchase a home rose 1.2%. “After a brief pause, in part because of the elevated geopolitical uncertainties, potential homebuyers certainly appear to be moving forward this spring and taking advantage of the more favorable inventory conditions in most parts of the country,” said Mike Fratantoni, MBA’s chief economist.
2026-04-29