Mortage Rate News
Mortgage rates remain volatile, with recent market uncertainty pushing borrowing costs higher despite expectations for potential rate cuts later this year. In this environment, successful investors are focusing on disciplined underwriting and ensuring deals work at today’s rates rather than relying on optimistic forecasts or future market conditions.
2 mins read | June 2026
Rates have been bouncing around all spring. Back in early May we were sitting at 6.37%, which felt pretty solid. By mid-month geopolitical noise started pushing things higher. Oil prices spiked, Treasury yields moved up, and suddenly we’re flirting with 6.5% territory. The Fed held steady at 3.50 to 3.75% back in May.
Market expectations are for maybe one cut the rest of the year, and that’s only if things cool down. Fannie Mae is throwing out projections that rates could dip under 6% by year end. The MBA thinks we hold somewhere in the 6.10 to 6.30 range through early 2027. Here’s what matters for actual deals: don’t chase rate predictions. Underwrite everything to where rates are today, not where you hope they’ll be in six months. I’ve seen too many deals pencil on optimistic rate assumptions only to blow up when closing time comes.
Rates are still way better than where they were a year ago. If your deal doesn’t work at 6.5%, it doesn’t work. Simple as that.
Written by Hammerhead Capital Inc
