06/08/2026
If you have been watching mortgage rates and wondering why they keep moving, here is what is actually going on.
We have a new Fed Chair. Kevin Warsh stepped in for Jerome Powell and there is a real open question about whether he will push rates lower like the current administration wants, or hold firm on inflation. The inflation data that came out this month was not great, mostly driven by rising energy costs tied to the Strait of Hormuz situation.
The more promising news is that peace talks with Iran are starting to gain some traction toward the end of May, and that is honestly the single biggest thing moving rates right now in either direction.
The 30-year fixed is sitting between 6.25% and 6.5%. My honest take is that buyers who wait for rates to drop are going to find themselves in a much more competitive market when that day comes. Getting in now while things are quieter is often the smarter move.
Watch the full update and drop any questions in the comments. Happy to answer them.
