fortune.com

fortune.com Β·

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Current Mortgage Rates 05 11 2026

EconomistVice PresidentPolicy1Economy

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AI insight

AI-generated

U.S. mortgage rates show mixed movement with conforming rates slightly down and jumbo rates up. The rate environment directly affects housing affordability and mortgage demand, impacting lenders' origination volumes and REITs' financing costs. The mechanism is regulatory/monetary policy channel via Fed rate stance, with weak demand signal from declining applications.

Signals our AI researcher identified

Extracted by our AI model from this article and related public sources β€” not direct quotes from the publisher.

  • 30-year fixed-rate conforming mortgage rate: 6.328%, down from 6.339%.
  • 15-year fixed-rate mortgage rate: 5.650%, down from 5.659%.
  • 30-year jumbo mortgage rate: 6.551%, up from 6.506%.
  • Mortgage applications decreased 4.4% 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.

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fortune.com files this story under "economist" in the GDELT knowledge graph. News Analysis surfaces coverage based on the same open classification taxonomy.