Key Takeaways
- The average 30-year fixed mortgage rate was 6.11% in Q1 2026, according to Milliman M-PIRe (2026).
- Refinance activity surged by 132% year-over-year from Q1 2025 to Q1 2026, as reported by Milliman M-PIRe (2026).
- Mortgage lenders earned an average profit of $727 per loan originated in Q1 2026, according to the Mortgage Bankers Association (MBA) (2026).
- The typical monthly mortgage payment fell to $1,884 in June 2026, which is 2.5% lower than a year earlier, according to Zillow’s Home Value Index (2026).
- Fannie Mae’s June 2026 Housing Forecast projects that 30-year fixed mortgage rates will hover at 6.4% for the rest of 2026.
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