US 30-Year Mortgage Rate Holds at 6.36%

Mortgage rates for 30-year fixed loans stayed near 6.36%, a dip from 6.37% last week and down from 6.81% a year ago.
Inflation accelerated in April due to higher gasoline and grocery prices, raising expectations of a Federal Reserve rate hike.
Redfin reported median home price up 2.4% YoY in April, gain since March 2025, with pending sales at 2023 high and listings.
At the current 30-year rate, a $1 million loan costs $6,229 monthly, up from $5,983 in late February before the US‑Israeli conflict escalated.