Mortgage Rates Climb;
15-Year Jumbo Up 0.113

All nine tracked mortgage products moved higher this week, in a second consecutive broad-based rise. 15-year jumbo rates jumped 0.113 points to 5.964% — the week’s only sharp move and the largest single-product gain in months. The benchmark 30-year fixed climbed 0.024 points to 6.237%; VA loans crossed back above 6% for the first time in three weeks.

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

NATIONAL — National mortgage rates climbed across all nine tracked products for the week ending May 19, 2026 — a second consecutive week of broad-based gains. The benchmark 30-year fixed mortgage rates rose 0.024 points to 6.237%. 15-year jumbo rates posted the week’s only sharp move at +0.113 points to 5.964%, the largest single-product weekly gain in months. VA mortgage rates rose 0.051 points to 6.003%, crossing back above the 6.00% threshold for the first time in three weeks. FHA loans gained 0.039 points to 5.963%, and 15-year fixed mortgage rates rose 0.045 points to 5.817%.

Conventional fixed-rate products both gained. 30-year fixed rates rose 0.024 points to 6.237%, a more modest move than last week’s 0.077-point jump. 15-year fixed rates gained 0.045 points to 5.817%, nearly doubling last week’s pace at the 15-year tenor. The 30-to-15 fixed spread narrowed to 0.420 points from last week’s 0.441, as the 15-year caught up to the 30-year’s recent advance. The two-week cumulative move on the benchmark now stands at +0.101 points, undoing roughly 40% of the cumulative decline from late March to early May.

ARM products were nearly flat across the segment. 5/1 ARM rates edged up just 0.004 points to 5.755%, and 7/1 ARM rates added 0.008 points to 5.889%. 3/1 ARM rates rose 0.018 points to 5.712% — a continued recovery from two weeks ago when the term posted an outsized single-week drop on small-sample noise. The 5/1 ARM-to-30-year-fixed spread widened to −0.482 points from last week’s −0.462, as fixed rates outpaced ARMs again. ARM pricing is decoupling from conforming fixed pricing this cycle — a pattern usually associated with banks repricing portfolio-held ARMs more conservatively when rate expectations are uncertain.

Jumbo products extended last week’s sharp move. 30-year jumbo rates edged up 0.014 points to 6.324% — a modest follow-through after last week’s 0.165-point jump. 15-year jumbo rates posted the week’s only sharp move at +0.113 points to 5.964%, building on last week’s 0.170-point gain. Over two weeks, 15-year jumbo rates have risen 0.283 points total, the most aggressive two-week repricing in the dataset. The 15-year jumbo now sits 0.147 points above the 15-year conforming fixed at 5.817% — restoring the conventional ordering with conviction after several weeks of inversion.

Government-backed products both rose. FHA loan rates gained 0.039 points to 5.963%, a modest continuation after last week’s sharper 0.139-point jump. VA loan rates rose 0.051 points to 6.003%, crossing back above 6.00% for the first time since late April. The FHA-to-VA gap held at 0.040 points, nearly identical to last week’s 0.028, as both products advanced at similar paces.

Two consecutive weeks of broad-based gains now form a clear directional pattern. Over the past two weeks, every one of the nine tracked products has gained ground — with cumulative moves ranging from +0.026 points at the 5/1 ARM to +0.283 points at the 15-year jumbo. The 30-year fixed has gained 0.143 points over the two-week window. For context, that’s roughly the same magnitude as the cumulative decline from April 13 through May 5 — just reversed in half the time. The recent refinance window opened by April’s decline has closed.

The 15-year jumbo product’s outsized two-week move — +0.283 points cumulative — reflects the dynamic at the top of the curve, where banks holding portfolio loans appear to be repricing aggressively as the rate outlook firms. The 30-year jumbo’s much more modest two-week gain of +0.179 points by contrast suggests pricing pressure is concentrated at shorter durations within the jumbo segment. For borrowers tracking the curve, the conventional ordering across products has now been restored: 30-year jumbo above 30-year fixed, 15-year jumbo above 15-year fixed, and government-backed products below conventional. Whether the two-week climb extends or settles depends on Treasury yield direction over the coming weeks — track how individual lender offers evolve on the mortgage rate trends page.