fortune.com ·
current mortgage rates 05 05 2026
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 remain elevated with slight mixed movements; FOMC holds rates steady. The channel is demand_spike (weak) as higher rates suppress housing demand and refinancing activity. Impact is US-specific, affecting mortgage lenders, banks, and real estate investment trusts (REITs) through lower origination volumes and reduced homebuyer affordability. No direct commodity or supply chain scarcity.
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 6.313% as of May 5, 2026.
- 15-year fixed-rate mortgage average at 5.611%, down 4 bps.
- 30-year jumbo mortgage rate at 6.466%, up from 6.432%.
- FOMC maintained federal funds rate at 3.50%-3.75% at April 28-29 meeting.
- Mortgage applications decreased 1.6% for week ending April 24.
Sustained high mortgage rates will pressure mortgage banking revenues over the next 2-4 weeks.
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