Introduction
On June 16, 2026, mortgage rates offer a mix of steady footing and small shifts, giving buyers and homeowners a moment to reflect on their options. Credit unions continue to provide competitive VA loan rates, with Credit Union 1 offering a 15-year VA fixed rate at 5.125%, standing out as the lowest in today’s market. Meanwhile, Zillow shows a slight dip in jumbo loan rates, with the 30-year fixed jumbo rate dropping nearly three-tenths to 6.281%. Inflation expectations remain modestly lower according to Federal Reserve data, which could help keep borrowing costs in check. Here’s what you need to know before locking in a rate, whether you’re purchasing your first home or refinancing an investment property.
New Purchase - VA 15 yrs Fixed
Lender
2026-06-16
(Current Day)
(Current Day)
2026-06-09
(7 Days Ago)
(7 Days Ago)
2026-06-01
(15 Days Ago)
(15 Days Ago)
2026-05-17
(30 Days Ago)
(30 Days Ago)
2026-05-02
(45 Days Ago)
(45 Days Ago)
2026-04-17
(60 Days Ago)
(60 Days Ago)
2026-03-18
(90 Days Ago)
(90 Days Ago)
2025-12-18
(180 Days Ago)
(180 Days Ago)
5.38%
5.38%
5.13%
-25 bps
5.13%
-25 bps
5.25%
-12.5 bps
5.25%
-12.5 bps
5.13%
-25 bps
4.99%
-38.5 bps
5.38%
5.50%
+12.5 bps
5.25%
-12.5 bps
5.38%
5.25%
-12.5 bps
5.13%
-25 bps
5.00%
-37.5 bps
5.00%
-37.5 bps
5.38%
5.50%
+12.5 bps
5.50%
+12.5 bps
5.38%
5.25%
-12.5 bps
5.25%
-12.5 bps
5.25%
-12.5 bps
5.13%
-25 bps
5.25%
5.25%
5.00%
-25 bps
4.88%
-37.5 bps
5.13%
-12.5 bps
5.00%
-25 bps
5.00%
-25 bps
5.13%
5.13%
5.13%
4.99%
-13.5 bps
4.88%
-25 bps
4.75%
-37.5 bps
4.88%
-25 bps
4.63%
-50 bps
5.25%
5.38%
+12.5 bps
5.38%
+12.5 bps
5.38%
+12.5 bps
5.13%
-12.5 bps
5.00%
-25 bps
5.13%
-12.5 bps
4.88%
-37.5 bps
New Purchase - VA 30 yrs Fixed
Lender
2026-06-16
(Current Day)
(Current Day)
2026-06-09
(7 Days Ago)
(7 Days Ago)
2026-06-01
(15 Days Ago)
(15 Days Ago)
2026-05-17
(30 Days Ago)
(30 Days Ago)
2026-05-02
(45 Days Ago)
(45 Days Ago)
2026-04-17
(60 Days Ago)
(60 Days Ago)
2026-03-18
(90 Days Ago)
(90 Days Ago)
2025-12-18
(180 Days Ago)
(180 Days Ago)
5.88%
5.88%
5.63%
-25 bps
5.63%
-25 bps
5.75%
-12.5 bps
5.75%
-12.5 bps
5.63%
-25 bps
5.38%
-50 bps
5.99%
5.99%
5.99%
5.88%
-11.5 bps
5.88%
-11.5 bps
5.88%
-11.5 bps
5.63%
-36.5 bps
5.88%
-11.5 bps
5.75%
5.75%
5.75%
5.63%
-12.5 bps
5.50%
-25 bps
5.38%
-37.5 bps
5.50%
-25 bps
5.38%
-37.5 bps
5.63%
5.63%
5.50%
-12.5 bps
5.38%
-25 bps
5.25%
-37.5 bps
5.25%
-37.5 bps
5.25%
-37.5 bps
5.38%
-25 bps
5.63%
5.63%
5.63%
5.49%
-13.5 bps
5.38%
-25 bps
5.25%
-37.5 bps
5.38%
-25 bps
5.25%
-37.5 bps
6.00%
6.13%
+12.5 bps
6.13%
+12.5 bps
6.13%
+12.5 bps
5.88%
-12.5 bps
5.75%
-25 bps
5.75%
-25 bps
5.63%
-37.5 bps
CREDIT UNION 1 CREDIT UNION
As of June 16, 2026, VA Loans for both 15-year fixed and 30-year fixed purchase mortgages remain steady at 5.125% and 5.625%, respectively. There has been no change in rates over the past 7 or 30 days, reflecting stable yield spreads and consistent cost of borrowing for veterans seeking to purchase homes. This rate stability provides predictability for veterans planning long-term financing or evaluating their purchase timing. For members prioritizing payment certainty, the 15-year VA loan at 5.125% offers the lowest rate option with a shorter term, potentially reducing total interest expense. Given unchanged rates, members should consider whether locking a fixed rate aligns with their financial strategy or if monitoring market shifts could reveal future refinancing opportunities. For details, visit https://www.cu1.org/rates#real-estate-rates.
CREDIT UNION WEST CREDIT UNION
As of June 16, 2026, CREDIT UNION WEST reports stable mortgage rates on key fixed-rate purchase products. The 15-Year Fixed Purchase rate remains steady at 5.375% with a minor increase of 25 basis points over the past 30 days, reflecting a gradual rise in borrowing costs for shorter-term loans. Similarly, the 30-Year Fixed Purchase rate holds at 5.875%, also up by 25 basis points month-over-month, indicating sustained yield spreads affecting long-term affordability.
For members prioritizing predictability, the unchanged weekly rates suggest limited short-term volatility; however, the upward trend over one month underscores the importance of timely decisions. First-time buyers and those locking in longer terms should consider fixed-rate options to mitigate future rate risk. Evaluating refinancing strategies may be prudent if current savings surpass associated costs.
For details, visit https://www.cuwest.org/borrowing/mortgages/purchasing-a-home.
ENT CREDIT UNION
As of June 16, 2026, VA 15-Year Fixed and VA 30-Year Fixed Purchase mortgage rates have both decreased by 12.5 basis points compared to last week, now at 5.375% and 5.875%, respectively. These adjustments reflect slight easing in borrowing costs for veterans seeking long-term financing options. Over the past 30 days, rates have remained stable, indicating limited volatility in yield spreads for these government-backed loans.
For veterans and first-time buyers prioritizing predictability, the VA 15-Year Fixed at 5.375% offers the lowest rate and a shorter amortization period, potentially reducing total interest paid. Conversely, the VA 30-Year Fixed at 5.875% provides lower monthly payments but with a longer commitment.
Given steady rates over the month, members should evaluate their mortgage strategy carefully; consider fixed-rate options if stability is preferred or assess refinancing opportunities when potential savings exceed associated costs. For details, visit https://www.ent.com/rates/#:~:text=Mortgage%20purchase%20rates.
JSC FEDERAL CREDIT UNION
As of June 16, 2026, the 30-year VA Fixed Purchase mortgage rate remains steady at 5.99%, unchanged from one week ago but up by 11.5 basis points compared to 30 days prior. This slight increase reflects modest upward pressure on yield spreads in government-backed loans. For veterans and active service members, the stable rate over the past week offers predictability in borrowing costs, though the month-over-month rise suggests a higher cost of financing than earlier in May. Members considering home purchases with VA loans should weigh fixed-rate options for long-term stability amid gradual market shifts. Evaluating refinancing strategies may be prudent if rates stabilize or decline to reduce overall interest expense. For details, visit https://www.wellbyfinancial.com/loan/home-loans/#Rates.
MOUNTAIN AMERICA FEDERAL CREDIT UNION
As of June 16, 2026, 15-year VA fixed purchase loans have decreased by 12.5 basis points to a current rate of 5.375%, reflecting a modest reduction in borrowing costs for eligible veterans seeking shorter-term financing. Meanwhile, the 30-year VA fixed purchase rate remains steady at 5.75%, unchanged from one week ago but up 12.5 basis points compared to 30 days prior, indicating slightly higher long-term yield spreads.
For veterans prioritizing lower monthly payments and longer amortization, the stable 30-year rate suggests evaluating fixed-rate options for budgeting predictability. First-time buyers considering the 15-year VA product may benefit from the recent decline in rates, potentially reducing total interest paid over the loan term.
Members should assess their mortgage strategy in light of these movements; those with existing VA loans might consider refinancing if savings exceed associated costs. For details, visit https://www.macu.com/rates/home.
NAVY FEDERAL CREDIT UNION
As of June 16, 2026, VA 15 Year Fixed Purchase loans remain at 5.25% with a minimal week-over-week change of 0 basis points, though this reflects a notable rise of 37.5 basis points over the past 30 days. This increase elevates the cost of borrowing for veterans seeking shorter-term fixed financing. Meanwhile, the Military Choice 30 Year Fixed Purchase rate holds steady at 6.75%, unchanged from last week but up by 12.5 basis points compared to 30 days ago, impacting long-term affordability for military members pursuing stable payments.
Members should consider locking in fixed-rate options if prioritizing payment stability amid rising yields. Evaluating refinancing may be prudent for those facing higher costs, especially where savings exceed associated fees.
For details, visit https://www.navyfederal.org/loans-cards/mortgage/mortgage-rates.html.
PENTAGON FEDERAL CREDIT UNION
As of June 16, 2026, the 30-year Fixed VA Loan for purchase remains at a rate of 5.625%, unchanged from one week ago but up by 25 basis points compared to one month prior. This uptick reflects modest upward pressure on borrowing costs, potentially increasing monthly payments for veterans and active service members seeking to buy homes with government-backed protection. Stability over the past week suggests limited short-term volatility; however, the gradual rise since last month may warrant careful budgeting for new buyers or those considering refinancing. Members valuing payment predictability should focus on fixed-rate options, while evaluating refinancing opportunities could help mitigate long-term expenses if rates decline in the future. For details, visit https://www.penfed.org/mortgage/mortgage-rates?_ga=GA1.1.113342144.1749209030&mcid=44478617903031329443022793571867311851.
POTLATCH NO. 1 FINANCIAL CREDIT UNION
As of June 16, 2026, 15-Year Fixed Purchase mortgage rates remain steady at 5.125%, showing no change over the past week but reflecting a 13.5 basis point increase compared to 30 days ago. Similarly, the 30-Year Fixed Purchase rate holds at 5.625%, unchanged week-over-week yet up by 13.5 basis points from a month prior. These yield spreads indicate a gradual rise in the cost of borrowing for fixed-rate home purchases, which may affect affordability for first-time buyers and those locking in long-term financing. Members prioritizing payment stability might consider shorter-term fixed options, as the 15-year fixed rate remains the lowest available. Given these trends, evaluating mortgage strategies is advisable; consider refinancing only if projected savings exceed associated costs. For details, visit https://www.p1fcu.org/personal/mortgage-rates.
U.S. EAGLE FEDERAL CREDIT UNION
As of June 16, 2026, the 30-year Fixed VA Purchase mortgage rate remains steady at 5.625%, showing no change over the past week or month. This stability in rates means borrowing costs for veterans seeking to purchase a home are consistent, allowing for predictable budgeting without immediate pressure from rising yields. First-time veteran buyers can benefit from this fixed-rate environment by locking in current terms without concern for near-term increases.
Given no movement in rates, members should assess their long-term mortgage strategy with an emphasis on fixed-rate options if they prioritize payment stability. For those considering refinancing, any potential savings must be weighed carefully against closing costs since rates have not declined. Maintaining vigilance on future rate trends will support informed decisions about cost-effective home financing.
For details, visit https://www.useagle.org/rates/home-mortgage-rates.
WHATCOM EDUCATIONAL CREDIT UNION
On June 16, 2026, VA 15-Year Fixed Purchase loans are offered at a 5.25% rate, marking a 12.5 basis point decrease from last week and maintaining the lowest rate among VA purchase options. The VA 30-Year Fixed Purchase stands at 6.00%, also down by 12.5 basis points over the past seven days. These modest yield spread compressions reduce the cost of borrowing for veterans seeking long-term home financing stability. First-time buyers and veterans may find the shorter-term fixed option attractive due to lower rates and faster equity build-up, while those prioritizing manageable monthly payments might evaluate the 30-year fixed option despite its higher yield. Given recent trends, members should consider their mortgage strategy carefully; refinancing opportunities could be beneficial if projected savings outweigh closing costs. For details, visit https://www.wecu.com/homeloans/purchase/.
Zillow National Average
As of June 16, 2026, mortgage rates are showing a mixed trend. The 15-Year Fixed Rate Jumbo remains unchanged at 6.245%, while the 30-Year Fixed Rate Jumbo decreased by 0.19% to 6.281%. Over the past week, the 30-Year Fixed Rate Jumbo has seen a notable decline of 0.27 basis points, indicating a favorable shift for borrowers seeking long-term financing options. In contrast, the 15-Year Fixed Rate Jumbo increased by 0.15 basis points over the last month, reflecting a slight upward pressure on shorter-term loans. Borrowers should consider these fluctuations in rates when evaluating their mortgage options and potentially lock in lower rates where available.
Federal Reserve Economic Trends
Recent data indicates that Breakeven Inflation Rates for both 10-year and 5-year periods remain stable at 2.320% and 2.400%, respectively. These inflation expectations are crucial as they influence mortgage rates, with the 30-Year Average Rates experiencing significant declines of 6.36% over the past 30 days, marking it as the largest change in that timeframe. Furthermore, the 30-Year Jumbo Average Rates fell by 0.10% in the last week, reflecting a broader trend of decreasing borrowing costs. The lowest rate recorded is for the 30-Year FHA Average Rate at 6.253%. Borrowers should consider these trends when evaluating mortgage options and long-term financial planning strategies.
LendMesh
Sometimes, the spark for a new home comes from an open house sign on a weekend drive or a conversation with a friend about their latest move. At LendMesh, we love seeing those sparks turn into plans and, ultimately, proud homeowners. Our mission is to connect you with top banks and trusted credit unions, so you get the best rates and honest answers, no matter your stage in the process. Whether you’re mapping out your dream neighborhood or just starting to explore mortgage rates, we’re here to help with guidance you can trust. Want to see your options? Visit our Mortgage Loans page at https://www.lendmesh.com/loans/mortgage_loans . LendMesh believes your homebuying adventure should feel exciting—and totally possible.
Conclusion
As you weigh your mortgage choices, remember that even small rate changes can have a meaningful impact on your monthly payments and total interest over time. For example, a quarter-point difference on a 30-year loan can add up to hundreds of dollars each month or tens of thousands over the life of the loan. The current landscape, with stable VA loan rates around 5.125% and slight easing in jumbo loans, suggests it’s worth shopping around among credit unions and national averages like Zillow’s to find the best fit for your financial goals. Consider locking in sooner if you want certainty, but if your situation allows flexibility, watching inflation trends may provide clues about future rate movements. Above all, align your mortgage choice with your long-term plans and budget to make smart, confident decisions that suit your lifestyle.