Mortgage Rates Jump Again, Now up 0.75% Since Start of The War

It was another rough day for the bond market and, thus, for interest rates. Investors aggressively sold bonds in the first 2 hours of trading, taking 10yr Treasury yields to the highest level in more than a year. Mortgage-specific bonds have been doing better versus Treasuries in recent months thanks to increased purchase demand from Fannie Mae and Freddie Mac. All else equal, higher demand for mortgage bonds = lower rates, relatively. In the current case, it means mortgage rates haven't moved up as much as Treasury yields over the past 6 months. That said, rates have still definitely moved higher. Today's top tier 30yr fixed rate is up to 6.75% for the average lender--the highest since July 2025, and a whopping 0.75% higher since before the Iran war began. This makes it the fastest rate spike seen since late 2024. [thirtyyearmortgagerates]

May 19, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.75% +0.07%   5.99% 7.08% 15 Yr. Fixed 6.25% +0.13%   5.55% 6.39% 30 Yr. Jumbo 6.76% +0.04%   6.1% 7.15% Compare Mortgage Rates from Local Lenders for May 19, 2026 Mortgage Rates Jump Again, Now up 0.75% Since Start of The War Tue, May 19, 2026 3:28PM It was another rough day for the bond market and, thus, for interest rates. Investors aggressively sold bonds in the first 2 hours of trading, taking 10yr Treasury yields to the highest level in more than a year. Mortgage-specific bonds have been doing better versus Treasuries in recent months thanks to increased purchase demand from Fannie Mae and Freddie Mac. All else equal, higher demand for mortgage bonds = lower rates, relatively. In the current case, it means mortgage rates haven't moved up as much as Treasury yields over the past 6 months. That said, rates have still definitely moved ... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.75% +0.07 0.00 15 Yr. Fixed 6.25% +0.13 0.00 30 Yr. FHA 6.25% +0.03 0.00 30 Yr. Jumbo 6.76% +0.04 0.00 7/6 SOFR ARM 6.48% -0.01 0.00 30 Yr. VA 6.27% +0.03 0.00 Updates Daily - Last Update: 5/19 Freddie Mac Rate Change Points 30 Yr. Fixed 6.36% -0.01 0.00 15 Yr. Fixed 5.71% -0.01 0.00 Updates Weekly - Last Update: 5/14 Mortgage Bankers Assoc. 30 Yr. Fixed 6.46% +0.01 0.63 15 Yr. Fixed 5.83% 0.00 0.68 30 Yr. Jumbo 6.48% +0.01 0.55 Updates Weekly - Last Update: 5/13 UMBS 30YR 5.0 96.81 -0.61   95.71 100.50 UMBS 30YR 5.5 99.19 -0.48   98.11 101.64 10 YR Treasury 4.668 +0.079   3.948 4.668 Increasing Signs of Bond-Specific Panic Tue, May 19, 2026 9:40AM Ever since the initial 2 week ceasefire was announced in the Iran war, the bond market has adhered to trend channels that align with either de-escalation or re-escalation sentiment. Nothing too complicated here: if sentiment is trending in favor of peace, bonds have rallied. If sentiment is deteriorating, bonds have sold off. There was a temporary diversion ... (read more) MBS Price Change UMBS 4.5 94.34 -0.59 UMBS 5.0 96.81 -0.61 UMBS 5.5 99.19 -0.48 GNMA 4.5 94.57 -0.47 GNMA 5.0 97.42 -0.36 GNMA 5.5 99.64 -0.14 Pricing as of: 5/19 4:01PM EST US Treasury Yield Change 2 YR Treasury 4.121 +0.071 5 YR Treasury 4.329 +0.093 7 YR Treasury 4.500 +0.089 10 YR Treasury 4.668 +0.079 30 YR Treasury 5.181 +0.056 Pricing as of: 5/19 4:01PM EST Other News AI, Construction, Servicing, QC Products; NY Conference Chatter; AI Governance; LO Comp Tue, May 19, 2026 11:55AM One of the discussion topics here in New York at the MBA conference is, just like every other conference, artificial intelligence, and one of the questions is, “Who’s accountable if something goes wrong?” Any one of us in capital markets will tell you that, in the case of Freddie, Fannie, investors, and so on, lenders are held ultimately accountable for anyt... (read more) Latest Video Average 30-year fixed mortgage rate rises to 6.75% Pending home sales rose 1.4% in April Why Japanese homebuilders are targeting the U.S. housing market Homebuilder sentiment improves on late spring surge in demand Around the Web NAR NAR Pending Home Sales Report Shows 1.4% Increase in April CNBC U.S. Treasury sell-off eases, traders eye highest 30-year yield since 1999 Eye on Housing Who Drives Remodeling Spending? Investing Live ADP Weekly NER pulse 42.25K vs 33K last week Investing Live Trump: Stops the planned attack on Iran on request from Saudi's UAE CNBC Ominous bond trades point to much higher rates Investing Live US Senior Official: US rejects Irans most recent proposal Investing Live Fed's Goolsbee; Inflation has got to be front of mind when Warsh starts as chair CNBC Homebuilder sentiment improves on late spring surge in demand CNBC Kevin Warsh to be sworn in as Federal Reserve chair on Friday Investing Live Al Arabiya: Iran agrees to long-term nuclear freeze in lieu of a complete dismantling. CNBC Treasury yields rise amid global bond rout as inflation fears grip investors CNBC Bank of England does not need to hike interest rates, says IMF it may even need to cut

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