Insights / Daily Rate Update — May 13, 2026
May 13, 2026
Daily Rate Update — May 13, 2026
Today's 10-Year Treasury yield is 4.38% and Freddie Mac's 30-year fixed PMMS is 6.37%. Below: the rate snapshot plus the three finance headlines moving the macro picture today.
Today's Rate Snapshot
- 10-Year Treasury Yield: 4.38% (as of 2026-05-08)
- 30-Year Fixed Mortgage (Freddie Mac PMMS): 6.37% (as of 2026-05-07)
Mortgage rates are not the same as the 10-Year Treasury yield, but they generally track its direction. Personal scenario rates can vary based on credit, LTV, occupancy, and product.
Today's Finance Headlines
Mortgage Rates Match Highest Level Since March
Mortgage News Daily · Mortgage Market
When the Iran war was in its initial escalation phase, the initial surge in markets took the top-tier 30yr fixed rate to 6.64% for the average lender by March 27th. Rates moved more than 0.30% lower by mid April as peace prospect improved. The third phase of rate movement began in late April and has generally involved a jump back up toward 6.5% with the first 2 days of the present week accounting for a move from 6.42% to 6.56%. That matches the highest level seen since March 27th. Bonds yields (
What this means for borrowers: Geopolitical instability and fluctuating bond yields are driving current upward pressure on mortgage rates.
Mortgage demand rises 1.7% even as rates reach five-week peak
HousingWire · Industry
Mortgage applications rose 1.7% in MBA’s weekly survey as purchase demand climbed 4% and the 30-year fixed rate increased to 6.46%.
What this means for borrowers: Purchase demand is increasing despite a recent upward trend in fixed mortgage rates.
Slightly Hotter CPI No Problem For Bonds
Mortgage News Daily · Mortgage Market
This morning's Consumer Price Index (CPI) came in slightly hotter than expected with core inflation running 2.8% annual vs 2.7% forecasts and overall inflation at 3.8% vs 3.7%. Bonds have traded both ways after the data, but after 20 minutes, yields were actually LOWER by a hair. What gives? We know traders are trading the data based on volume. The stalemate could have to do with core goods (a proxy for tariff-related inflation) moving lower. The Fed has called this category out as a prerequisit
What this means for borrowers: Inflation data slightly exceeded expectations, though bond markets are weighing specific core goods trends against overall consumer price increases.
The "What this means for borrowers" notes above are AI-generated and reviewed for compliance — they describe macro context, never make recommendations or forecasts. Not personal financial advice. Talk to Jesse Gonzalez, NMLS #278103, for your specific situation.