“The upward pressure on mortgage rates from the broader debt market was offset this week by a modest increase in the prices of mortgage-backed securities, which pushed mortgage rates down,” explains Berner.
Mortgage rates ended last week on an optimistic note, as markets were encouraged by news of peace talks between Washington and Tehran. The conversation this week is much more dour. On Wednesday, the Senate blocked efforts to end the war, ... .
The average interest rate on a 30-year fixed purchase mortgage is 6.54% on May 14, 2026, just as the spring homebuying season shifts into high gear ... .
The average interest rate on a 30-year fixed purchase mortgage is 6.506% on May 13, 2026, just as the spring homebuying season shifts into high gear ... .