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- Mortgage Rates 📢 June 29th, 2026
Mortgage Rates 📢 June 29th, 2026
Mortgage Rates Hold Steady ➡️. Bonds lean lower while the Fed stays cautious. Jobs report Thursday.
Glenn Groves
June 29, 2026
INTEREST RATES
10 Year T-Note 180-day snapshot
Product | Rate / APR | Weekly Change |
|---|---|---|
↔️ Conv. | 6.375% / 6.427% | -.000% |
↔️ Conv. HB | 6.625% / 6.664% | -.000% |
↔️ JUMBO | 6.250% / 6.286% | -.000% |
↔️ FHA 3.5% DP | 5.875% / 6.857% | -.000% |
⬇️ VA 0% DP | 5.875% / 6.095% | -.125% |
Rate data as of morning of publication. Unless noted otherwise, all scenarios are assuming 30 Year-Fixed mortgage, Purchase or R/T Refinance. No origination points charged, 780 FICO score, and 20% down payment. Provided for consumer education only and does not serve as a binding offer to extend lending. Payment period, interest rate, APR, and other terms subject to income, asset, and credit profile qualification. Provided courtesy of GTG Financial, Inc. NMLS 1595076. Equal housing opportunity. www.nmlsconsumeraccess.org
⏱️ Rates in 60 Seconds
📊 Let's be straight. Rates have barely budged in two weeks. The 10-year Treasury, the benchmark that pulls mortgage rates along with it, ticked down slightly, but that small move has not reached the rate sheet yet. We are in a holding pattern.
🛢️ Here is the quiet good news. We got a small drop in bonds right after the ceasefire was signed, and they have leaned gently in the right direction since. Oil has been one of the biggest things pushing prices up all year. As oil falls, that inflation fear cools, and mortgage rates tend to follow bonds lower. The bond market is warming to that idea. The rate sheet just hasn't caught up.
⚠️ Now the honest part. The Federal Reserve, the group that sets the country's short-term interest rate, has turned more cautious under its new Chair. The market is no longer betting on cuts this year. That caution is a big reason rates are stuck in place instead of falling.
🔑 Realtor Insight: The bond market is inching the right way, but nothing has moved at the closing table yet. Until the Fed gets comfortable, this slow grind is the story. Anyone promising a big drop around the corner is reading a script the market already threw out.
📅 What to watch this week:
🧾 Tuesday: Home price reports and job openings data
💼 Thursday: The big monthly jobs report
The jobs report is the headline act. A soft number could finally give bonds room to push that lean into a real move. A hot one keeps us stuck. This week, the data does the talking.
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