June 2, 2026 | VA Fixed Mortgage Rate Hits New Low at 5.13%

As of June 2, 2026, 15-year VA Loans and 30-year VA Loans for home purchases remain steady at 5.125% and 5.625%, respectively. There have been no changes in yield spreads over the past week or month, indicating stable borrowing costs for veterans considering fixed-rate options. The 15-year VA Loan, offering the lowest rate at 5.125%, provides an opportunity to reduce long-term interest expenses with a shorter term. Meanwhile, the 30-year VA Loan maintains consistent affordability for those prioritizing lower monthly payments over extended periods. Members should evaluate their mortgage strategies in light of these unchanged rates; those valuing payment stability may consider locking in fixed rates, while refinancing decisions should weigh potential savings against transaction costs. For details, visit https://www.cu1.org/rates#real-estate-rates.

As of June 2, 2026, VA 15-year Fixed and VA 30-year Fixed purchase mortgage rates have decreased by 25 basis points compared to one week ago, now at 5.5% and 5.875%, respectively. These reductions stabilize the cost of borrowing relative to one month ago, with rates holding steady over that period. For veterans considering home purchases, the lowered yields on these government-backed fixed loans may improve affordability and reduce long-term interest expenses. First-time buyers seeking predictable payments might find the VA 15-year Fixed at 5.5%, currently the lowest rate offered, especially advantageous for building equity faster. Given these trends, members should evaluate fixed-rate options to lock in current yields or assess refinancing possibilities if existing loans carry higher rates. For details, visit https://www.ecu.com/personal-banking/home-loans/buy-a-home/#rates.

As of June 2, 2026, VA 15-Year Fixed Purchase loans offer the lowest rate at 5.25%, down by 12.5 basis points from last week, stabilizing compared to a month ago. This decline reduces the cost of borrowing for veterans seeking shorter-term financing, potentially lowering overall interest expenses. Meanwhile, the VA 30-Year Fixed Purchase rate decreased by 12.5 basis points week-over-week to 5.75%, marking a modest improvement in yield spreads over the past month as well.

For veterans prioritizing predictable payments, these fixed-rate options reflect tightening borrowing costs; first-time buyers might find value in the longer-term fixed structure given its recent decline. Members should evaluate their mortgage horizon and consider fixed-rate loans if stability is a priority or assess refinancing opportunities when potential savings surpass associated fees.

For details, visit https://www.ent.com/rates/#:~:text=Mortgage%20purchase%20rates.

As of June 2, 2026, the 30-year VA Fixed Purchase mortgage rate stands at 5.99%, reflecting a significant decline of 13.5 basis points from one week ago. Compared to 30 days prior, the rate is up by 11.5 basis points, indicating some recent upward pressure on borrowing costs over the month despite the weekly improvement. This rate movement affects veterans seeking stable long-term financing; the recent weekly drop may slightly reduce monthly payments and improve affordability for new home purchases. Given these fluctuations, members with VA eligibility should evaluate fixed-rate options for cost predictability while monitoring market trends. For those considering entry into homeownership or refinancing their existing VA loan, analyzing current yield spreads relative to personal financial goals is advisable. Consider refinancing if potential savings exceed associated fees to optimize long-term costs. For details, visit https://www.wellbyfinancial.com/loan/home-loans/#Rates.

On June 2, 2026, 15-year VA fixed-rate purchase loans offer the lowest rate at 5.50%, down 37.5 basis points from last week but up 25 basis points compared to a month ago. Meanwhile, the 30-year VA fixed-rate purchase loan stands at 5.75%, decreasing by 12.5 basis points over seven days but rising by 25 basis points versus 30 days prior. These shifts indicate tightening yield spreads over the past month despite recent short-term easing. For veterans and first-time buyers, locking in the current lower rates on shorter terms could reduce long-term borrowing costs; however, those prioritizing stability might consider the 30-year option given its moderate recent volatility. Evaluate your mortgage strategy carefully, consider refinancing if potential savings exceed associated costs to optimize your financial position.

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

As of June 2, 2026, Navy Federal Credit Union reports a slight increase in the 15-year VA fixed purchase loan rate, now at 5.25%, up 12.5 basis points from last week and the past 30 days. This rise modestly raises borrowing costs for veterans seeking shorter-term stability. Conversely, the 30-year Military Choice fixed purchase loan has decreased by 12.5 basis points over the past week to 6.75%, though it is still up 25 basis points compared to 30 days ago. This adjustment may benefit long-term buyers prioritizing predictability despite recent upward pressure on rates. Members should consider these yield movements carefully; those valuing rate stability might prefer fixed options, while evaluating refinancing if potential savings surpass associated costs remains prudent.

For details, visit https://www.navyfederal.org/loans-cards/mortgage/mortgage-rates.html.

On June 2, 2026, the 30-year Fixed VA Loan for Purchase is offered at a rate of 5.375%, marking a 37.5 basis point decrease from last week while remaining unchanged from 30 days ago. This decline reduces the cost of borrowing for eligible veterans and service members seeking to purchase a home, enhancing affordability compared to the previous week’s yield spread. For those evaluating mortgage strategies, this rate stability over the past month suggests limited immediate pressure to refinance but improved entry conditions for new buyers using VA benefits. Members prioritizing payment predictability may consider locking in these fixed-rate VA loans now to mitigate potential future fluctuations. Given current market movements, veterans should assess their options carefully and consider refinancing only if projected savings outweigh transaction costs.

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

On June 2, 2026, 15-Year Fixed Purchase mortgage rates remain steady at 5.125%, unchanged from one week ago but up 25 basis points compared to 30 days prior. Similarly, the 30-Year Fixed Purchase rate holds at 5.625%, with no weekly change and a 25 basis point increase over the past month. These yield spreads indicate a modest rise in borrowing costs over recent weeks, impacting affordability for buyers locking in longer terms. First-time purchasers may find the slight uptick influences monthly payments more noticeably on the 30-year term, while those prioritizing payoff speed might still consider the 15-year option given its comparatively lower rate. Evaluating fixed-rate mortgages is advisable for members seeking payment stability amid gradual rate shifts. For details, visit https://www.p1fcu.org/personal/mortgage-rates.

On June 2, 2026, 15-year fixed purchase mortgage rates stand at 5.50%, down by 12.5 basis points from last week but up 12.5 basis points compared to 30 days ago. Similarly, the 30-year fixed purchase rate is currently at 6.25%, reflecting the same weekly decline of 12.5 basis points and a 30-day increase of 12.5 basis points. These modest weekly declines may reduce short-term borrowing costs for buyers locking in now, yet the month-over-month uptick suggests sustained higher long-term yields affecting overall affordability. First-time buyers prioritizing payment stability might consider these fixed terms despite recent fluctuations, while those assessing refinancing should weigh potential savings against closing costs. Given this data, members are advised to evaluate their mortgage strategy carefully and consider fixed-rate options if they value predictability in payments.

For details, visit https://www.sccu.com/personal/consumer-rates#mortgage.

As of June 2, 2026, VA 15-Year Fixed Purchase loans offer the lowest rate at 5.25%, down by 12.5 basis points compared to last week but up slightly by 12.5 basis points from 30 days ago. Meanwhile, the VA 30-Year Fixed Purchase rate stands at 6.00%, also reflecting a decrease of 12.5 basis points week-over-week and an increase of the same magnitude over the past month.

These shifts suggest a modest tightening in long-term borrowing costs relative to one month prior, benefiting veterans seeking shorter-term financing with reduced interest expenses. First-time buyers and those prioritizing predictability may find value in fixed-rate products given current yield spreads.

Members should evaluate their mortgage strategies carefully; consider fixed-rate options if stability is a priority, or assess refinancing possibilities when potential savings surpass associated costs. For details, visit https://www.wecu.com/homeloans/purchase/.

As of June 2, 2026, U.S. mortgage rates have shown a slight upward trend. The 15-Year Fixed Rate Jumbo is now at 6.296%, increasing by 0.05 basis points from yesterday and 0.17 basis points over the past month. Meanwhile, the 30-Year Fixed Rate Jumbo has risen to 6.472%, reflecting a 0.04 basis points increase from the previous day and a 0.11 basis points rise over the past month. Borrowers should be aware that these adjustments may impact their cost of borrowing, making it crucial to assess current financing options carefully in light of these rate changes.

As of June 2, 2026, inflation expectations remain stable, with the 10-Year Breakeven Inflation Rate at 2.400% and the 5-Year rate slightly higher at 2.540%. This stability suggests a neutral outlook on future inflation, which can influence mortgage rates and borrowing costs. The most significant changes include a decline in Mortgage 30-Year Average Rates, which fell by 6.30 points over the past month, indicating a potential easing for borrowers seeking loans. Currently, the lowest mortgage rate is seen in Mortgage 30-Year FHA Average Rates, at 6.187%. Borrowers should consider these trends when planning their financing strategies to take advantage of favorable conditions.

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