Mortgage Rates Pull Back;
15-Year Jumbo Leads the Retreat

Mortgage rates eased across the board this week, with all nine tracked products moving lower and ending a three-week climb. The pullbacks were modest; none reached the 0.100-point threshold that defined last week’s sharp gains. 15-year jumbo rates fell the most, giving back 0.065 points to 6.117%, while the benchmark 30-year fixed slipped just 0.019 points to 6.342%, holding most of its recent run-up.

📊 Week-over-week data for all 9 mortgage products tracked by MonitorBankRates.com.

NATIONAL: Mortgage rates eased across the board for the week ending June 1, 2026; all nine tracked products moved lower, ending a three-week climb. None of the declines was sharp; the largest was the 15-year jumbo at 0.065 points. The benchmark 30-year fixed mortgage rates slipped 0.019 points to 6.342%, holding most of last week’s jump. 15-year jumbo rates fell 0.065 points to 6.117%, partially unwinding the prior week’s record surge, and 30-year jumbo rates eased 0.025 points to 6.419%, still the highest-rate product on the board. Every product declined.

Conventional fixed-rate products both eased modestly. 30-year fixed rates slipped 0.019 points to 6.342%, giving back a fraction of the prior week’s 0.124-point jump. 15-year fixed mortgage rates eased 0.015 points to 5.914%. The 30-to-15 fixed spread held at 0.428 points, essentially unchanged from last week’s 0.432, as both tenors eased together. After climbing 0.267 points over three weeks, the benchmark’s trajectory has flattened rather than reversed: one modest down week against a month of gains.

ARM products eased along with the rest of the board. 7/1 ARM rates fell 0.029 points to 5.958%, and 5/1 ARM rates slipped 0.011 points to 5.825%, the smallest decline of any product. 3/1 ARM rates eased 0.031 points to 5.676%, reversing after holding flat last week; the 3/1 segment’s narrow reporting pool makes its week-to-week moves the noisiest on the board. The 5/1 ARM-to-30-year-fixed spread narrowed to −0.517 points from last week’s −0.525, as fixed rates eased slightly faster than the 5/1 ARM.

Jumbo products led the pullback. 15-year jumbo rates fell 0.065 points to 6.117%, the week’s largest single-product move, reversing part of the prior week’s record +0.218-point surge. 30-year jumbo rates eased 0.025 points to 6.419%, retaining their position as the highest-rate product among all nine tracked. The 15-year jumbo now sits 0.203 points above the 15-year conforming fixed at 5.914%, a gap that has narrowed from last week’s 0.253 as the jumbo eased faster than the conforming.

Government-backed products eased in line with the broader board. VA loan rates slipped 0.017 points to 6.128%, and FHA rates eased 0.020 points to 6.049%. Both remain above the 6.00% mark. The VA-to-FHA gap held at 0.079 points, little changed from last week’s 0.076, with VA continuing to price above FHA.

A single down week does not undo a three-week climb. Even after this week’s broad pullback, the benchmark 30-year fixed at 6.342% sits roughly a quarter-point above where it stood four weeks earlier, and every tracked product remains well above its early-May level. The 30-to-15 fixed spread held at 0.428 points and the conventional-to-jumbo ordering stayed intact: 30-year jumbo above 30-year fixed, 15-year jumbo above 15-year conforming. What changed this week was direction, not structure: rates eased modestly across the board without disturbing the relationships that have defined the curve through the spring’s repricing.

For borrowers, this week’s pullback offers marginal relief but does not reopen the refinance window that closed during the April-to-May climb. The improvement is small (a 30-year fixed borrower sees only about two basis points week over week), and rates remain near the top of their recent range. Coverage held essentially flat: MonitorBankRates.com tracked 1,268 institution-product combinations and 2,463 verified rate quotes this week, little changed from last week’s 1,272 and 2,462. Borrowers tracking whether this pause becomes a trend can follow individual lender moves on the mortgage rate trends page.