The average US 30-year fixed mortgage rate for conforming loans of $806,500 or less rose to 6.6% in the week ended June 5, 2026, up from 6.57% the previous week. “Mortgage rates were volatile last week as news from the Middle East continues to drive markets. While the average rate was up slightly, there were opportunities where borrowers were seeing somewhat lower rates,” said Mike Fratantoni, MBA’s SVP.
At the same time, mortgage applications surged 10.8%, marking their first increase in four weeks and the largest gain since the final week of February. Refinance applications climbed 15%, while applications for mortgages to purchase homes increased 7%.
