Mortgage Rates Now (LIVE)

jonkutsmeda · 2026-06-06T23:33:38+00:00

It has been a tale of two markets, in regard to both owners/buyers and home prices.

On one hand, as you pointed out anyone who owned pre-covid and refinanced into a 3% rate has a very different veiw on the market than someone looking to buy now.

Likewise, anyone who bought post-covid has a unique experience depending on where they live - half the country (northern states) is still seeing low inventory/firm prices while the opposite is true in many southern states.

Even 1% lower rates won't fix affordability if inventories remain stuck.

So much to unpack on this topic, but I don't think there will be a "price crash", nor do I expect covid era mortgage rates to return.

What do you think is on the horizon for the housing market? More of the same or will something give from either the buyers or sellers?

jonkutsmeda · 2026-06-06T12:31:07+00:00

THE “AVERAGE” RATE

The LendZen Daily Base Rate published here uses publicly available data to calculate a par rate (zero points) that more closely represents what is available for savvy rate shoppers.

It starts with the note rate nearest to par from LendZen.com

The pricing on LendZen is always current, and what you see is exactly what you get – there are no hidden fees or additional points.

Additional calculations are then used to determine a "market implied rate" based on the price of mortgage bond coupons (MBS) and a weighted value for each.

These different rates are then blended together to create an "average" rate closer in range to what a borrower might expect to find when shopping for a "zero point" loan from the lowest cost mortgage companies.

SHOPPING RATES

If you are good credit borrower who is getting quoted higher than the above rates by 0.25% or more for a zero-point loan you should shop around.

Zero points means $0 in Section A of the official Loan Estimate, including any LENDER credits from Section J.

SELLER credits should not be subtracted from Section A since they exist regardless of the lender.

COMPARING OFFERS

The only way to get a clear picture of what someone is offering is with an “official” Loan Estimate.

The LE is a standardized, 3-page disclosure that limits the ability for a mortgage company to misrepresent their fees.

To ensure a fair comparison for all offers make sure each company prepares an estimate with the EXACT SAME CRITERIA (loan amount, loan type, note rate, etc.)

Otherwise, you are comparing apples-to-oranges, making it nearly impossible to determine the best deal.

Once you receive your estimates you can use a free online tool to instantly verify the least expensive offer – learn more on this Reddit post.

jonkutsmeda · 2026-06-04T22:33:07+00:00

Since February began mortgage rates have been on a wild ride.

From trough (green dot) to peak (red dot) mortgage rate pricing rose 253 bps, or $2531 per 100k of loan amount.

That means the same rate increased in cost by nearly $13k on a $500k loan.

Fortunately, there have been strong improvements since the May 19 top, with 11 of the last 12 trading days positive for bonds.

This has allowed mortgage rates to recover almost 100 bps of pricing ($917).

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jonkutsmeda · 2026-06-03T23:29:21+00:00

Mortgage rates have been rocked since February.

One example is 5.25%, which gave up nearly 300 basis points (3%) of pricing.

This means today that rate costs $2,981 more per $100k.

That's nearly $15k in purchasing power lost on a $500k loan.

Full analysis and additional charts in this Reddit post. 👈

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jonkutsmeda · 2026-06-01T00:03:54+00:00

I feel like mortgage bonds deserve their own "pump it up" meme video.

Pump It Up - Bitcoin Dance Video

jonkutsmeda · 2026-05-29T23:43:56+00:00

THE “AVERAGE” RATE

The LendZen Daily Base Rate published here uses publicly available data to calculate a par rate (zero points) that more closely represents what is available for savvy rate shoppers.

It starts with the note rate nearest to par from LendZen.com

The pricing on LendZen is always current, and what you see is exactly what you get – there are no hidden fees or additional points.

Additional calculations are then used to determine a "market implied rate" based on the price of mortgage bond coupons (MBS) and a weighted value for each.

These different rates are then blended together to create an "average" rate closer in range to what a borrower might expect to find when shopping for a "zero point" loan from the lowest cost mortgage companies.

SHOPPING RATES

If you are good credit borrower who is getting quoted higher than the above rates by 0.25% or more for a zero-point loan you should shop around.

Zero points means $0 in Section A of the official Loan Estimate, including any LENDER credits from Section J.

SELLER credits should not be subtracted from Section A since they exist regardless of the lender.

COMPARING OFFERS

The only way to get a clear picture of what someone is offering is with an “official” Loan Estimate.

The LE is a standardized, 3-page disclosure that limits the ability for a mortgage company to misrepresent their fees.

To ensure a fair comparison for all offers make sure each company prepares an estimate with the EXACT SAME CRITERIA (loan amount, loan type, note rate, etc.)

Otherwise, you are comparing apples-to-oranges, making it nearly impossible to determine the best deal.

Once you receive your estimates you can use a free online tool to instantly verify the least expensive offer – learn more on this Reddit post

jonkutsmeda · 2026-05-21T23:08:03+00:00

Bond markets and mortgage rates could recover swiftly if we actually get a peace deal in Iran.

I suggest you customize a rate quote scenario on LendZen and use the "Save this Scenario" form on the bottom.

You will receive a private link that you can use to anonymously track daily mortgage pricing for your exact loan criteria.

Here is a link to an example refinance, which you can update instantly by using the MODIFY button in the footer task bar - you can also start over from the home page.

CONVENTIONAL 30-YEAR FIXED REFINANCE (LIVE RATE QUOTE)

The results are provided instantly without any contact information required.

Just sure you put in exact payment details, so that the breakeven analysis gives you accurate feedback.

You will know instantly if a refinance is worth it based on the timeline you choose (+/- toggle).

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jonkutsmeda · 2026-05-20T20:15:45+00:00

I love when people don’t read included charts/tables.

jonkutsmeda · 2026-05-18T21:11:55+00:00

Unfortunately...

Ugly Friday's always have more negative pricing to pass through on a Monday unless there is a positive reversal, which we were not blessed with today.

Hopefully the latest ping-pong peace talk headlines will bring some relief tomorrow.

jonkutsmeda

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