Mortgage rates moved moderately higher today for the average lender, but not for any exciting reasons. Rather, the change has more to do with timing of the underlying market movement. While it's true that mortgage rates are directly influenced by the bond market, mortgage lenders prefer to set rates once per day. From there, they will occasionally make adjustments if the bond market experiences enough volatility. The catch is that lenders are less likely to adjust rates the later it is in the afternoon and if the bond market has been changing steadily/gradually. With all that in mind, yesterday saw a steady, gradual decline in the bond market that persisted into the late afternoon. As such, most lenders didn't go to the trouble of adjusting rates yesterday. In other words, the average lender was already planning on raising rates a bit this morning even if the bond market started the day flat. But bonds lost even more ground this morning (before lenders decided on rates for the day). Bottom line, lenders were tasked with adjusting for 2 days of modest weakness all at once. The result is a move that is bigger than the average recent day, but not because the underlying market movement was bigger or more volatile than average. [thirtyyearmortgagerates]

April 28, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.38% +0.06%   5.99% 7.08% 15 Yr. Fixed 5.94% +0.02%   5.55% 6.39% 30 Yr. Jumbo 6.52% +0.00%   6.1% 7.15% Compare Mortgage Rates from Local Lenders for Apr 28, 2026 Mortgage Rates Rise to 2-Week Highs Tue, Apr 28, 2026 3:32PM Mortgage rates moved moderately higher today for the average lender, but not for any exciting reasons. Rather, the change has more to do with timing of the underlying market movement. While it's true that mortgage rates are directly influenced by the bond market, mortgage lenders prefer to set rates once per day. From there, they will occasionally make adjustments if the bond market experiences enough volatility. The catch is that lenders are less likely to adjust rates the later it is in the afternoon and if the bond market has been changing steadily/gradually. With all that in mind, yester... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.38% +0.06 0.00 15 Yr. Fixed 5.94% +0.02 0.00 30 Yr. FHA 5.93% +0.02 0.00 30 Yr. Jumbo 6.52% 0.00 0.00 7/6 SOFR ARM 6.00% +0.05 0.00 30 Yr. VA 5.95% +0.02 0.00 Updates Daily - Last Update: 4/28 Freddie Mac Rate Change Points 30 Yr. Fixed 6.23% -0.07 0.00 15 Yr. Fixed 5.58% -0.07 0.00 Updates Weekly - Last Update: 4/23 Mortgage Bankers Assoc. 30 Yr. Fixed 6.35% -0.07 0.61 15 Yr. Fixed 5.75% -0.10 0.69 30 Yr. Jumbo 6.43% -0.05 0.45 Updates Weekly - Last Update: 4/22 UMBS 30YR 5.0 98.86 -0.06   95.71 100.50 UMBS 30YR 5.5 100.67 -0.10   98.11 101.64 10 YR Treasury 4.366 +0.017   3.948 4.590 Highest Yields in 3 Weeks as US Shuns Iran Proposal Tue, Apr 28, 2026 10:27AM Bonds sold off slowly and steadily overnight, largely tracing a similarly steady rise in oil prices. The latter is most easily attributed to reports that Trump is not happy with the latest Iran peace proposal although those reports stopped short of saying the proposal was flat-out rejected. There was additional volatility in oil prices surrounding news that ... (read more) MBS Price Change UMBS 4.5 96.63 -0.05 UMBS 5.0 98.90 -0.02 UMBS 5.5 100.70 -0.07 GNMA 4.5 96.77 -0.05 GNMA 5.0 99.42 -0.04 GNMA 5.5 100.89 -0.02 Pricing as of: 4/29 7:32AM EST US Treasury Yield Change 2 YR Treasury 3.855 +0.013 5 YR Treasury 3.991 +0.009 7 YR Treasury 4.147 +0.012 10 YR Treasury 4.356 +0.007 30 YR Treasury 4.944 +0.007 Pricing as of: 4/29 7:32AM EST Other News Investor, Workflow, Accounting, AI, DPA Tools; LOs and Technology; Fed Meeting Starts Tue, Apr 28, 2026 11:29AM The big keep getting bigger: Real Brokerage announced that it is purchasing RE/MAX for $550 million, revealing that, including debt, the deal is worth an estimated $880 million. The name will be the Real REMAX Group (“a transformative opportunity to fuse REMAX’s strong brand equity with leading AI technology”) and it’s been reported that Motto Mortgage, owne... (read more) Latest Video Fed in 'neutral' as consumers are feeling okay but not great: The Conferenc... Iran offers U.S. new proposal to end war, report says April consumer confidence comes in at 92.8, beating estimates The market is still getting worried about stickier inflation, says Apollo's... Around the Web Investing Live US Case-Shiller February 20-city house price index -0.1% m/m vs +0.2% expected PR Newswire US Consumer Confidence Edged Up Again in April Investing Live ADP weekly NER Pulse 39,250 vs 54,750 expected Investing Live The market is acting like the war in Iran is a non-factor CNBC Treasury yields rise as U.S.-Iran peace talks hit an impasse Realtor.com Spring Thaw for Housing as New Listings Surge and Prices Continue 14-Week Slide Investing Live US sells 5-year notes at 3.955% vs 3.960% WI CNBC Treasury yields little changed ahead of Fed policy week CNBC Fed is likely to hold rates steady here's how that impacts consumer costs Investing Live Dallas Fed April manufacturing index -2.3 vs -0.2 prior FHFA FHFA House Price Index Unchanged in February; Up 1.7 Percent from Last Year Investing Live US Dept of Justice to drop probe of Jerome Powell - report CNBC Bessent defends U.S. dollar swap lines as Iran war harms global finances

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