Here's where rates stand heading into summer 2026 and what to watch.
Current rates (as of late May):
30-year fixed: ~6.0-6.3%FHA: ~5.8-6.0%VA: ~5.6-5.8%DSCR: ~7.5-8.0%
What's driving rates:
The Fed has held steady but signaled potential cuts later this yearInflation is cooling but not fast enough for aggressive cutsGeopolitical uncertainty keeps bond markets volatile
My take:
Rates will likely hover in the high 5s to low 6s through summer. If the Fed cuts in Q3-Q4, we could see 5.5-5.75% by year end. But nobody knows for sure.
What you should actually do:
If you're buying: get pre-approved now while inventory is up and competition is manageableIf you're refinancing: watch for dips. A 0.5% drop from your current rate is usually worth itIf you're investing: DSCR deals still cash flow at these rates in the right markets
Don't wait for headlines. Know your numbers and move when it makes sense for you.
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