fortune.com
Neutralfortune.com ·
current mortgage rates 05 13 2026
USPEC_POLITICS_GENERAL1TAX_DISEASE_CORONAVIRUSWB_2433_CONFLICT_AND_VIOLENCEWB_2432_FRAGILITY_CONFLICT_AND_VIOLENCE
The full article is on the original publisher site. This page only shows the headline and a very short excerpt.
AI insight
AI-generatedU.S. mortgage rates continue to rise, with the 30-year fixed rate at 6.351%. This directly impacts housing affordability and demand. The decrease in mortgage applications (down 4.4%) signals weakening demand, which pressures homebuilders and real estate agents. Banks and mortgage lenders face lower origination volumes, squeezing net interest margins. The channel is demand_spike (inverse) and regulatory (Fed rate policy). Impact is US-specific.
Signals our AI researcher identified
Extracted by our AI model from this article and related public sources — not direct quotes from the publisher.
- 30-year fixed-rate conforming mortgage rate at 6.351% as of May 13, 2026, up 2 bps from previous day.
- 15-year fixed-rate mortgage at 5.735%, up 11 bps.
- 30-year jumbo mortgage rate at 6.421%, down 9 bps.
- Mortgage applications decreased 4.4% for week ending May 1; refinancing down 5%, purchases down 4%.
- Federal funds rate maintained at 3.50%-3.75% at April 28-29 FOMC meeting.