Daily Newsletter: Thursday May 28, 2026

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May 28, 2026

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Compare Mortgage Rates from Local Lenders for May 28, 2026

Mortgage Rates Officially Hit 2 Week Lows

Thu, May 28, 2026 3:08PM

We were close yesterday and we officially arrived today. Mortgage rates may still be elevated compared to almost all of the past 10 months, but they're the lowest they've been since May 14th. This was accomplished with a modest drop versus yesterday's levels after another round of news on a potential U.S./Iran peace deal. This morning's inflation data also helped the underlying bond market find its footing. In terms of nuts and bolts, top tier 30yr fixed rates fell to 6.59% for the average lender, down from 6.61% yesterday and from 6.75% last Tuesday. [thirtyyearmortgagerates] (read more)

Mortgage News Daily	Rate	Change	Points
30 Yr. Fixed	6.59%	-0.02	0.00
15 Yr. Fixed	6.11%	-0.01	0.00
30 Yr. FHA	6.12%	-0.05	0.00
30 Yr. Jumbo	6.70%	-0.03	0.00
7/6 SOFR ARM	6.07%	-0.05	0.00
30 Yr. VA	6.14%	-0.05	0.00
Updates Daily - Last Update: 5/28

Freddie Mac	Rate	Change	Points
30 Yr. Fixed	6.53%	+0.02	0.00
15 Yr. Fixed	5.87%	+0.02	0.00
Updates Weekly - Last Update: 5/28

Mortgage Bankers Assoc.
30 Yr. Fixed	6.56%	+0.10	0.60
15 Yr. Fixed	5.93%	+0.10	0.73
30 Yr. Jumbo	6.58%	+0.10	0.38
Updates Weekly - Last Update: 5/20

Not The Supertanker Bonds Were Looking For... But We'll Take It

Thu, May 28, 2026 9:31AM

There's a supertanker load of data this morning with some apparently interesting results, but the market remains focused primarily on supertankers being able to transport oil. Those prospects were dealt a fresh blow overnight as both sides reported renewed attacks. Bond yields and oil prices jumped clearly in response, but not in an overly aggressive fashion... (read more)

MBS	Price	Change
UMBS 4.5	95.95	-0.01
UMBS 5.0	98.41	+0.08
UMBS 5.5	100.41	0.00
GNMA 4.5	96.07	+0.08
GNMA 5.0	98.79	+0.05
GNMA 5.5	100.61	+0.02
Pricing as of: 5/29 12:00PM EST

US Treasury	Yield	Change
2 YR Treasury	4.000	-0.023
5 YR Treasury	4.133	-0.018
7 YR Treasury	4.275	-0.014
10 YR Treasury	4.436	-0.008
30 YR Treasury	4.972	+0.001
Pricing as of: 5/29 12:00PM EST

Other News

Hedging, Verification, CRM, AI, Automated Pricing, Fraud Detection Tools; STRATMOR on AI

Thu, May 28, 2026 11:55AM

What is something that small and mid-sized lenders can’t offer? Chase rolled out a program for borrowers to earn 100,000 Chase Points. (Bilt and UWM rolled out something similar a while back.) But, nearly every lender can help borrowers with the cost of a mortgage, and STRATMOR’s current blog is “Pricing That Can Help Borrowers.” In addition, in the credit w... (read more)

Latest Video

April new home sales miss estimates down 11% year-over-year

Fed's Musalem: Inflation above target and real rates are below neutral

Oil whipsaws amid conflicting reports from the U.S., Iran on deal progress

Consumer confidence stands at 93.1 in May

Around the Web

Investing Live

Bank of America

Closer to home: Americans are moving less and staying local

CNBC

Core inflation hit an annual rate of 3.3% in April, as expected, Feds preferred gauge shows

Investing Live

US new home sales for April 0.622 million versus 0.665 million estimate

Yahoo Finance

Fed’s Cook Prepared to Raise Rates If Inflation Lingers

BEA

GDP (Second Estimate) and Corporate Profits, 1st Quarter 2026

PR Newswire

ADP National Employment Report Preliminary Estimate

Investing Live

Atlanta Fed GDPNow estimate for Q2 comes in at 3.8% down from 4.3%

Investing Live

US initial jobless claims 215K vs 211K expected

CNBC

Treasury yields rise as Iranian strikes renew inflation fears ahead of key data releases

Investing Live

US sells 5-year notes at 4.182% vs 4.181% WI

Investing Live

US Richmond Fed May composite index +13 vs +3 prior

Reuters

Fed's Jefferson says he is focusing on inflation as US labour market 'very resilient'

Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc.

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