Mortgage Rates 2026

Weekly Freddie Mac PMMS data, Phoenix-area buyer math, and what each rate move actually means for your purchase decision. Updated as new data lands.

Latest Update: May 27, 2026

Freddie Mac PMMS (week ending May 21, 2026):

30-year fixed:

6.51%

(up from 6.36% the prior week)

15-year fixed:

5.85%

(up from 5.71%)

Year-ago 30-year: 6.86%

The 30-year fixed moved up about 15 basis points last week. The actual dollar impact on a fixed payment, principal and interest only, 30-year amortization:

Loan amount

Payment at 6.36%

Payment at 6.51%

Monthly difference

$400,000

~$2,492

~$2,531

~$39

$500,000

~$3,115

~$3,164

~$49

$600,000

~$3,738

~$3,797

~$59

A 15-basis-point move is real money over the life of a loan, but the month-to-month impact is materially smaller than the headline reaction tends to suggest. Most lenders qualify borrowers with a buffer above the actual rate, so a move this size rarely changes a qualified buyer's price band.

The full breakdown

, including what is moving the number, why it is a bond-market story rather than a Fed story, and the three questions to run with your lender this week, is on the blog post:

Read the full write-up

.

About this pillar page

This page is the canonical hub for weekly mortgage-rate data and analysis for North Valley Phoenix homebuyers and sellers. Each weekly Freddie Mac PMMS release will be added at the top with a same-week dollar-math table and a link to the long-form blog post.

Questions on your specific scenario?