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Mortgage Rates Hit Mid-6%, Home Prices Slip Sixth Month

5/8/2026

45 9 Full Breakdown

Summary

Story summary

The 30-year fixed mortgage rate rose to 6.37% from 6.30%.
The 15-year fixed-rate mortgage climbed to 5.72% from 5.64%.
U.S. 10-year Treasury yields hit 4.37% on Thursday, up from 3.97% in late February.
Bright MLS chief economist Lisa Sturtevant said sub-6% rate hopes have vanished, leaving buyers facing mid-6% rates.
List prices fell in April from a year earlier, the sixth straight monthly drop.

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Story summary

The 30-year fixed mortgage rate rose to 6.37% from 6.30%.
The 15-year fixed-rate mortgage climbed to 5.72% from 5.64%.
U.S. 10-year Treasury yields hit 4.37% on Thursday, up from 3.97% in late February.
Bright MLS chief economist Lisa Sturtevant said sub-6% rate hopes have vanished, leaving buyers facing mid-6% rates.
List prices fell in April from a year earlier, the sixth straight monthly drop.