Market Wrap-up

Our benchmark FNMA MBS 5.500 June Coupon is up +12 BPS at 3:00 PM ET.

Rosie the Riveter: May Chicago PMI was a blockbuster, jumping from 49.2 to 62.7 and was over 10 points above the expectations of 51.2.

Hopes are high that the US and Iran will make a deal, possibly this weekend or early next week. President Donald Trump said he is about to “make a final determination” after listing everything that Iran must do for him to approve a deal to end the war. Iran “must agree” to never have a nuclear weapon, and the Strait of Hormuz must be “immediately open” to unrestricted shipping traffic, Trump demanded on Truth Social. “I will be meeting now, in the Situation Room, to make a final determination,” he said.

Iranian state news doesn’t sound so encouraging; saying it “raised issues that contradict the provisions of the agreement’s text.” What is still only supposition is what is in the “memorandum” being negotiated. Iran has a long history of delaying and changing the goal posts. The Iran news network, Fars stated “the immediate payment of $12B of Iran’s frozen assets,” Iran will refuse any further negotiations unless that payment is made.

Crude oil lower again today, this week the price of oil down $9.00/barrel. Markets overall are expecting the Strait to re-open within 30 days. Interest rates lower this week following crude declines. Interest rates lower, stock indexes higher this week.

Although the focus is almost totally on the Iran situation, next week there are key economic releases. Monday May ISM manufacturing index. Tuesday April JOLTS job openings. Wednesday May ADP private jobs, May ISM services sector index, May Fed Beige Book, MBA applications. Thursday weekly jobless claims, Q1 productivity and unit labor costs, Challenger, Gray & Christmas job cuts. Friday the May employment report.

This Week: 10 year note -11 bps, the 2 year -11 bps; FNMA 5.5 30 year coupon +61 bps. The DJIA +454, NASDAQ +624, S&P +86. Gold increased $74.00, crude oil -$9.00. The dollar weekend, the index -0.40, bitcoin -1,794.

PRICES @ 4:00 PM

10 year note: 4.45% unch

5 year note: 4.15% -1 bp

2 year note: 4.02% -1 bp

30 year bond: 4.99% +1 bp

30 year FNMA 6.0: 102.09 +3 bp (+1 bp from 9:30)

30 year FNMA 5.5: 100.43 +6 bp (unch from 9:30)

30 year GNMA 6.0: 100.88 +2 bp (+3 bp from 9:30)

Dollar/Yen: 159.26 +0.02 yen

Dollar/Euro: $1.1668 +$0.0017

Dollar Index: 98.87 -0.15

Gold: $4,584.10 +$51.70

Bitcoin: 73.593 +286

Crude Oil: $87.77 -$1.13

DJIA: 51,033.52 +363.55

NASDAQ: 26,972.62 +55.15

S&P 500: 7560.06 +16.43

SOFR Data 05/29: 30-DAY AVERAGE(%): 3.59167, 90-DAY AVERAGE(%): 3.64257, 180-DAY AVERAGE(%): 3.70265, INDEX: 1.24508236

Poland

Name, not sorted	Value, not sorted	Change, not sorted	% Change, not sorted	1 Month, not sorted	1 Year, not sorted	Time (EDT), not sorted
WIG20:IND WIG 20	3,686.96	16.47	0.45%	5.23	32.34%	11:15 AM
WIG:IND WSE WIG INDEX	137,007.44	783.75	0.58%	6.18	34.38%	11:15 AM
WIG30:IND WIG30	4,676.28	17.72	0.38%	5.31	29.89%	11:15 AM

WALUTY

Currency, not sorted	Value, not sorted	Change, not sorted	Net Change, not sorted	Time (EDT), not sorted
EUR-USD	1.1659	0.00	0.07%	4:59 PM
USD-JPY	159.2700	0.03	0.02%	4:59 PM
GBP-USD	1.3456	0.00	0.08%	4:59 PM
AUD-USD	0.7185	0.00	0.31%	4:59 PM
USD-CAD	1.3793	0.00	0.07%	4:59 PM
USD-CHF	0.7810	0.00	0.38%	4:59 PM

USD-CZK	20.8260	0.01	0.06%	4:59 PM
USD-SKK	25.8389	0.02	0.07%	4:59 PM
USD-PLN	3.6295	0.00	0.04%	4:59 PM
USD-HUF	303.5000	0.80	0.26%	4:59 PM
USD-RUB	70.9402	0.01	0.01%	4:56 PM

USD-MXN

17.3553

0.04

0.23%

4:59 PM

POŻYCZKI HIPOTECZNE

30 Yr. Fixed

6.56% -0.03%

5.99%

6.97%

15 Yr. Fixed

6.09% -0.02%

5.55%

6.25%

30 Yr. Jumbo

6.68% -0.02%

6.1%

7.1%

Compare Mortgage Rates from Local Lenders for May 29, 2026

Mortgage Rates Set to End Week Much Lower

Fri, May 29, 2026 1:34PM

While there are still a few hours left in the trading day, it’s a near certainty that this week will end with mortgage rates at meaningfully lower levels compared to last Friday. Today is only adding modestly to that trend, but that makes it the 8th straight business day where rates have either held steady or moved lower. On that note, it’s possibly worth considering that these sorts of winning streaks have definite life spans. We’ve certainly seen stretches of more than 10 business days without any upward movement in rates, but they’re very rare. Even then, if the streak were to end on Monda… (read more)

Mortgage News Daily	Rate	Change	Points
30 Yr. Fixed	6.56%	-0.03	0.00
15 Yr. Fixed	6.09%	-0.02	0.00
30 Yr. FHA	6.10%	-0.02	0.00
30 Yr. Jumbo	6.68%	-0.02	0.00
7/6 SOFR ARM	6.06%	-0.01	0.00
30 Yr. VA	6.12%	-0.02	0.00
Updates Daily – Last Update: 5/29

Freddie Mac	Rate	Change	Points
30 Yr. Fixed	6.53%	+0.02	0.00
15 Yr. Fixed	5.87%	+0.02	0.00
Updates Weekly – Last Update: 5/28

Mortgage Bankers Assoc.
30 Yr. Fixed	6.65%	+0.09	0.65
15 Yr. Fixed	5.97%	+0.04	0.84
30 Yr. Jumbo	6.68%	+0.10	0.42
Updates Weekly – Last Update: 5/27

UMBS 30YR 5.0

98.45 +0.11

96.26

100.50

UMBS 30YR 5.5

100.50 +0.09

98.57

101.64

10 YR Treasury

4.435 -0.009

3.948

4.668

Flat Overnight And Slow Start

Fri, May 29, 2026 10:03AM

Bonds were flat overnight for a change, with just a bit of 2-way volatility but no notable directional movement. Without any new or interesting war-related headlines, what else can we even discuss in May, 2026? There’s some econ data in the form of the highest Chicago PMI reading since 2022. At 62.7 vs a 50.5 forecast, it absolutely obliterated expecta… (read more)

MBS	Price	Change
UMBS 4.5	96.10	+0.14
UMBS 5.0	98.45	+0.11
UMBS 5.5	100.50	+0.09
GNMA 4.5	96.09	+0.09
GNMA 5.0	98.89	+0.14
GNMA 5.5	100.66	+0.07
Pricing as of: 5/29 2:11PM EST

US Treasury	Yield	Change
2 YR Treasury	3.996	-0.027
5 YR Treasury	4.131	-0.019
7 YR Treasury	4.273	-0.016
10 YR Treasury	4.435	-0.009
30 YR Treasury	4.975	+0.003
Pricing as of: 5/29 2:11PM EST

ELITE 21-30 YEAR

ELITE 16-20 YEAR

RATE

15 DAY

30 DAY

45 DAY

RATE

15 DAY

30 DAY

45 DAY

7.625

-4.221

-4.131

-4.001

7.625

-4.479

-4.389

-4.259

7.500

-3.892

-3.802

-3.672

7.500

-3.934

-3.844

-3.714

7.375

-3.375

-3.285

-3.155

7.375

-3.470

-3.380

-3.250

7.250

-2.831

-2.741

-2.611

7.250

-2.927

-2.837

-2.707

7.125

-2.664

-2.574

-2.444

7.125

-2.786

-2.696

-2.566

6.999

-2.340

-2.250

-2.120

6.999

-2.437

-2.347

-2.217

6.875

-1.818

-1.728

-1.598

6.875

-1.935

-1.845

-1.715

6.750

-1.216

-1.126

-0.996

6.750

-1.376

-1.286

-1.156

6.625

-1.566

-1.476

-1.346

6.625

-1.608

-1.518

-1.388

6.500

-1.173

-1.083

-0.953

6.500

-1.214

-1.124

-0.994

6.375

-0.539

-0.449

-0.319

6.375

-0.690

-0.600

-0.470

6.250

0.151

0.241

0.371

6.250

-0.103

-0.013

0.117

6.125

-0.024

0.066

0.196

6.125

-0.126

-0.036

0.094

5.999

0.448

0.538

0.668

5.999

0.327

0.417

0.547

5.875

1.221

1.311

1.441

5.875

0.894

0.984

1.114

5.750

2.023

2.113

2.243

5.750

1.515

1.605

1.735

5.625

2.064

2.154

2.284

5.625

1.883

1.973

2.103

5.500

2.627

2.717

2.847

5.500

2.414

2.504

2.634

5.375

3.458

3.548

3.678

5.375

3.025

3.115

3.245

ELITE 11-15 YEAR				ELITE 8-10 YEAR
RATE	15 DAY	30 DAY	45 DAY	RATE	15 DAY	30 DAY	45 DAY
7.125	-3.460	-3.370	-3.240	6.875	-3.045	-2.955	-2.825
7.000	-3.265	-3.175	-3.045	6.750	-2.552	-2.462	-2.332
6.875	-3.015	-2.925	-2.795	6.625	-2.537	-2.447	-2.317
6.750	-2.523	-2.433	-2.303	6.500	-2.361	-2.271	-2.141
6.625	-2.555	-2.465	-2.335	6.375	-2.142	-2.052	-1.922
6.500	-2.315	-2.225	-2.095	6.250	-1.634	-1.544	-1.414
6.375	-2.033	-1.943	-1.813	6.125	-1.594	-1.504	-1.374
6.250	-1.525	-1.435	-1.305	6.000	-1.398	-1.308	-1.178
6.125	-1.387	-1.297	-1.167	5.875	-1.144	-1.054	-0.924
6.000	-1.121	-1.031	-0.901	5.750	-0.616	-0.526	-0.396
5.875	-0.795	-0.705	-0.575	5.625	-0.412	-0.322	-0.192
5.750	-0.268	-0.178	-0.048	5.500	-0.176	-0.086	0.044
5.625	0.016	0.106	0.236	5.375	0.111	0.201	0.331
5.500	0.331	0.421	0.551	5.250	0.671	0.761	0.891
5.375	0.698	0.788	0.918	5.125	1.187	1.277	1.407
5.250	1.259	1.349	1.479	5.000	1.467	1.557	1.687
5.125	1.705	1.795	1.925	4.875	1.772	1.862	1.992
5.000	2.073	2.163	2.293	4.750	2.345	2.435	2.565
4.875	2.466	2.556	2.686	4.625	2.533	2.623	2.753

Home price changes for Chicago-Naperville-Schaumburg, IL