Mortgage rates have risen for the third consecutive day as of May 1, 2026, with the 30-year fixed rate reaching 6.43% and the 15-year rate at 5.57%. This upward trend reflects broader economic stability and cautious Federal Reserve policy signals. The 30-year rate increased by 0.12 percentage points, while the 15-year rate rose by 0.08 points, impacting affordability across the housing market. Jumbo loans have followed a similar trend, with the average 30-year jumbo rate now at 6.71%, up 0.10 percentage points from last week. These increases are affecting refinancing decisions, as homeowners typically refinance when rates drop. The Federal Reserve's future policy decisions will be crucial in determining whether rates will stabilize or continue to rise, influencing the housing market's trajectory in the coming months.