Mortgage Rates Hold Steady;
30-Year Fixed Flat at 6.343%

Mortgage rates held roughly flat this week, a week after a broad pullback. The benchmark 30-year fixed barely moved, ticking up 0.001 points to 6.343%, while most other products drifted slightly lower and a couple edged up just as little. The biggest move, the 3/1 ARM’s 0.070-point drop, came from the thinnest reporting pool on the board. Rates remain elevated, near the top of the range built through the spring.

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

NATIONAL: Mortgage rates went quiet for the week ending June 8, 2026, holding roughly flat a week after a broad pullback. The benchmark 30-year fixed mortgage rates barely moved, ticking up 0.001 points to 6.343%, essentially unchanged. Most of the board drifted slightly lower, a couple of products edged up just as little, and one held flat. The only real move came from the 3/1 ARM, down 0.070 points to 5.606%, though that product’s thin reporting pool makes its swings the noisiest on the board and the least reliable as a signal. Six products eased, two ticked up, and one was unchanged.

The two conventional fixed products went different ways by a hair. The 30-year fixed ticked up 0.001 points to 6.343%, while the 15-year fixed eased 0.006 points to 5.908%. The gap between them widened slightly to 0.435 points from 0.428. After climbing more than a quarter point over three weeks and then giving a little back, the benchmark has flattened out rather than turned; this is its second straight week of going essentially nowhere.

The ARM segment did most of what little moving there was. 5/1 ARM rates slipped 0.004 points to 5.821%, and the 7/1 ARM eased 0.017 points to 5.941%. The 3/1 ARM dropped 0.070 points to 5.606%, the largest move on the board, but it is also the thinnest product tracked, and a single week’s swing there says more about its small sample than about the market. The 5/1 ARM now sits 0.522 points below the 30-year fixed, a discount that widened a touch as fixed rates held and the ARM eased.

Jumbo rates barely budged. 30-year jumbo mortgage rates edged up 0.004 points to 6.423%, keeping their place as the highest-rate product among the nine. The 15-year jumbo was the one product that did not move at all, holding at 6.117%. That leaves it 0.209 points above the 15-year conforming fixed, a gap that widened slightly as the conforming side eased and the jumbo stood still.

Government-backed loans leaned lower. FHA loan rates were all but unchanged, down 0.001 points to 6.048%, while VA rates eased 0.017 points to 6.111%. Both sit just above the 6.00% line. The VA-to-FHA gap narrowed to 0.063 points from 0.079, with VA still pricing above FHA.

A flat week leaves the elevated environment fully intact. The benchmark 30-year fixed at 6.343% is still about a quarter point above where it sat a month ago, and every product remains well above its early-May level. The shape of the curve did not change: 30-year jumbo above 30-year fixed, 15-year jumbo above 15-year conforming, the ARMs discounted to the fixed products. What the spring built is still standing. This week neither added to it nor took anything away.

Mortgage rates are not set by the Fed directly. They track the 10-year Treasury yield, which sat around 4.55% this week and takes its cue from inflation and growth expectations, with the Fed’s rate path only one input among several. That is why mortgage rates can move in a week when the Fed does nothing, and right now they are not moving much. If anything, the pull is the wrong way for borrowers: a stronger-than-expected May jobs report and firmer oil prices nudged Treasury yields up late in the week and trimmed the market’s bets on rate cuts this year. The Fed meets June 16-17 and is widely expected to hold, but for mortgages the more important signal is the bond market, and right now it is not pointing lower. Until the 10-year eases, the rates built up through the spring are likely to stick.

For borrowers, a flat week changes little. The 30-year fixed at 6.343% is essentially where it was seven days ago and still near the top of its recent range, so the math that stopped working during the April-to-May climb has not improved; it is worth running the numbers on whether it makes sense to refinance before assuming it does, and a refinance calculator will show the breakeven. A Fed that holds steady neither helps borrowers nor hurts them by itself; what would actually lower payments is a drop in the 10-year, and last week’s data pushed it the other way. Coverage held essentially flat, with MonitorBankRates.com tracking 1,260 institution-product combinations and 2,431 verified quotes this week. Anyone watching for the next break can follow lender-by-lender moves on the mortgage rate trends page.