May 6, 2026 | Lowest FHA Fixed Mortgage Rate at 4.875% Today

On May 6, 2026, the Utah Housing FHA 30-year Fixed Purchase mortgage rate rose by 12.5 basis points compared to one week ago, moving from 6.375% to 6.5%. This increase also represents a 12.5 basis point uptick relative to 30 days prior. Higher rates directly impact borrowing costs for first-time homebuyers relying on government-backed options, increasing monthly payments and total loan expense. For members prioritizing payment stability, this signals a need to evaluate fixed-rate mortgages carefully amid rising yields. While refinancing is not reflected today, those considering future moves should assess whether locking in current rates aligns with their long-term financial goals. Consider fixed-rate options if you value predictable costs; evaluate refinancing if potential savings surpass associated fees. For details, visit https://www.americafirst.com/loans/mortgage-loans/mortgage-loans.html#_.

As of May 6, 2026, the 15-Year Fixed Purchase mortgage rate at CREDIT UNION WEST stands at 5.375%, marking a 12.5 basis point increase from one week ago and remaining unchanged compared to 30 days prior. This upward movement in yield spreads indicates a slight rise in the cost of borrowing over the short term. For members seeking shorter-term stability, this rate level may influence affordability and monthly payment calculations, particularly for first-time buyers focused on building equity more rapidly. Veterans or those considering refinancing should evaluate whether locking in current fixed rates aligns with their financial goals amid modest rate fluctuations. Members are advised to assess their mortgage strategy carefully; consider fixed-rate options if prioritizing predictability or explore refinancing only if potential savings exceed associated costs.

For details, visit https://www.cuwest.org/borrowing/mortgages/purchasing-a-home.

As of May 6, 2026, FHA 15-Year Fixed Purchase loans remain at 5.25%, holding steady over the past week with no change in yield spreads or cost of borrowing. This rate also represents the lowest available among today's options, offering a favorable fixed-rate choice for members prioritizing shorter terms and predictable payments. Meanwhile, the FHA 30-Year Fixed Purchase program stays unchanged at 5.875%, maintaining consistent cost expectations for buyers seeking longer amortization.

The absence of rate movement this week suggests stable market conditions; however, borrowers should monitor their mortgage strategy closely. For first-time homebuyers or those requiring government-backed financing, locking in a fixed rate may mitigate exposure to future volatility. Members considering refinancing should evaluate if current rates align with long-term savings goals.

Consider fixed-rate options if you value payment stability; analyze refinancing only when potential savings outweigh transaction costs. For details, visit https://www.ent.com/rates/#:~:text=Mortgage%20purchase%20rates.

As of May 6, 2026, Fixed FHA purchase mortgage rates remain steady. The 15 Year Fixed FHA Mortgage holds at 5.25%, unchanged over the past week and month, representing a stable borrowing cost for buyers seeking shorter-term fixed options. Similarly, the 30 Year Fixed FHA Mortgage remains at 5.49%, also with no weekly or monthly variation, maintaining consistent yield spreads for long-term financing.

These rate plateaus suggest predictable cost structures for first-time homebuyers utilizing government-backed FHA loans. Stability in these yields allows members to assess affordability without immediate pressure from rising rates. For those prioritizing payment consistency and long-term planning, fixed-rate FHA products continue to offer transparent terms.

Members should consider their mortgage strategy carefully; stable rates may justify locking in fixed options now, while monitoring market shifts for refinancing opportunities that could reduce total interest costs. Evaluate your financial goals against current rates to optimize your home financing approach.

For details, visit https://www.gwcu.org/rates/homeloans.

On May 6, 2026, the 30-year FHA Fixed Purchase mortgage rate increased by 25 basis points to 5.875%, matching the yield from 30 days ago. This rise in borrowing cost may impact first-time homebuyers relying on FHA loans, potentially increasing monthly payments and total loan expenses. While stable over the past month, the recent uptick suggests careful evaluation of financing options is prudent. Members considering fixed-rate FHA loans should weigh the benefit of rate stability against current market movements. Given these dynamics, it is advisable to assess your mortgage strategy thoroughly and consider refinancing if projected savings surpass associated costs. For details, visit https://www.wellbyfinancial.com/loan/home-loans/#Rates.

As of May 6, 2026, 15-year FHA purchase loans remain at a stable 5.25%, showing no change over the past week but up by 12.5 basis points compared to 30 days ago. This slight increase elevates the cost of borrowing for buyers seeking shorter-term government-backed options, potentially affecting monthly payments and overall interest expenses. Meanwhile, the 30-year FHA purchase rate holds steady at 5.375%, unchanged from last week and down by 11.5 basis points relative to one month prior. This decline could provide modest relief for borrowers prioritizing long-term affordability.

For members considering their mortgage strategy, those valuing payment stability might prefer the fixed-rate FHA loans, given current consistent yields. Evaluate refinancing possibilities if potential savings surpass closing costs, especially for longer terms where rate decreases are more pronounced.

For details, visit https://www.macu.com/rates/home.

As of May 6, 2026, the 30-Year FHA Fixed Purchase mortgage rate stands at 5.50%, reflecting a modest increase of 12.5 basis points compared to one week ago. This slight uptick suggests a marginal rise in the cost of borrowing for buyers relying on government-backed loans, particularly impacting first-time homebuyers who often utilize FHA programs. Over the past 30 days, rates have decreased by 12.5 basis points, indicating some recent easing in yield spreads and borrowing costs. Members considering home purchases with fixed FHA loans should weigh the benefits of locking in current rates against potential short-term fluctuations. Evaluating fixed-rate options remains prudent for those prioritizing payment stability amid moderate market shifts. For details, visit https://nuvisionfederal.com/lending/mortgage/rates.

On May 6, 2026, the 30-year Fixed FHA Purchase Loan rate stands at 5.375% with 1.0 point, reflecting a 12.5 basis points increase from last week and holding steady compared to 30 days ago. This uptick slightly raises the cost of borrowing for first-time buyers and those relying on government-backed financing, potentially affecting monthly payments and overall loan affordability. Veterans and refinancing applicants should note this trend when comparing options.

Members seeking predictability may find value in locking fixed rates now, given recent volatility. Evaluating your mortgage strategy in light of these changes can identify opportunities to manage long-term costs effectively. Consider refinancing if projected savings exceed associated fees.

For details, visit https://www.penfed.org/mortgage/mortgage-rates?_ga=GA1.1.113342144.1749209030&mcid=44478617903031329443022793571867311851

On May 6, 2026, 15-Year Fixed Purchase mortgage rates remain at a lowest rate of 4.875%, unchanged from one week ago but down 11.5 basis points compared to 30 days prior, signaling a modest decline in borrowing costs for shorter-term fixed loans. Conversely, the 30-Year Fixed Purchase rate increased by 11.5 basis points over the past week to 5.49%, though it is still lower by 13.5 basis points relative to 30 days ago. These movements suggest slightly higher long-term borrowing costs recently, impacting affordability for buyers seeking longer loan terms.

For members prioritizing payment stability and lower overall interest expenses, the stable 15-Year Fixed option remains cost-effective. Those considering new purchases should weigh current yield spreads against their financial horizon. Given the data, evaluating fixed-rate mortgages aligned with individual timelines can optimize financing strategies in this fluctuating rate environment.

For details, visit https://www.p1fcu.org/personal/mortgage-rates.

As of May 6, 2026, FHA 15-Year Fixed Purchase rates have increased by 12.5 basis points to 5.50%, reflecting a modest rise in the cost of borrowing for shorter-term government-backed loans. The FHA 30-Year Fixed Purchase rate also edged up by 12.5 basis points to 6.125%, maintaining a stable yield spread compared to one month ago. These upward movements suggest slightly higher monthly payments for first-time buyers relying on FHA programs. Members valuing payment stability should consider locking in current fixed rates promptly, while those assessing long-term affordability may evaluate refinancing opportunities if rates adjust favorably. Understanding these incremental changes can guide members in aligning mortgage strategies with their financial goals.

For details, visit https://www.schoolsfirstfcu.org/rates/mortgage-purchase/.

As of May 6, 2026, mortgage rates are generally down for the 15-Year Fixed Rate Jumbo and 30-Year Fixed Rate Jumbo products. The 15-Year Fixed Rate Jumbo is currently at 6.118%, a decrease of 0.03% from yesterday, while the 30-Year Fixed Rate Jumbo sits at 6.333%, down by 0.07% in the same timeframe. Over the past week, the 15-Year Fixed Rate Jumbo has risen by 0.08%, indicating mixed movements for borrowers considering these options. The most significant increase in recent weeks was seen in the 30-Year Fixed Rate Jumbo, which rose by 0.12% over the last month. Borrowers should evaluate these trends to make informed decisions regarding their financing options.

Inflation expectations, indicated by the Breakeven Inflation Rate 10Yr at 2.470, can influence mortgage rates and the overall cost of borrowing. Recently, the Breakeven Inflation Rate 5Yr saw a notable increase of 0.05 points over the past week and 0.12 points over the last 30 days, signaling rising inflation concerns that could lead to higher borrowing costs. Meanwhile, Mortgage 30Yr Average Rates dropped significantly by 6.00 points in the past two months, with the lowest mortgage rate now at 5.943% for USDA loans. Borrowers should consider these trends when making financial decisions, as shifts in inflation expectations directly affect interest rates and affordability in housing markets.

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