US 30-Year Mortgage Rate Eases

2026-06-18 16:20 By Andre Joaquim 1 min. read

The average rate on a 30-year fixed-mortgage fell by 5bps to 6.47% on the third week of June, according to data compiled by Freddie Mac.

The result was in line with the pullback for longer maturity Treasury yields as optimistic signals for an agreement between the Iran and US lowered energy prices and reduced the urgency for the Federal Reserve to raise interest rates.

“The 30-year fixed-rate mortgage decreased this week averaging 6.47%,” said Sam Khater, Freddie Mac’s Chief Economist.

“Incoming data continues to reflect a resilient consumer, with retail sales improving and pending home sales strengthening, suggesting purchase demand is continuing to modestly improve."



News Stream
US 30-Year Mortgage Rate Eases
The average rate on a 30-year fixed-mortgage fell by 5bps to 6.47% on the third week of June, according to data compiled by Freddie Mac. The result was in line with the pullback for longer maturity Treasury yields as optimistic signals for an agreement between the Iran and US lowered energy prices and reduced the urgency for the Federal Reserve to raise interest rates. “The 30-year fixed-rate mortgage decreased this week averaging 6.47%,” said Sam Khater, Freddie Mac’s Chief Economist. “Incoming data continues to reflect a resilient consumer, with retail sales improving and pending home sales strengthening, suggesting purchase demand is continuing to modestly improve."
2026-06-18
US 30-Year Mortgage Rate Approaches 9-Month High
The average rate on a 30-year fixed-mortgage inched higher by 4bps from the previous week to 6.52% on the second week of June, according to data compiled by Freddie Mac. The result was one basis point away from the nine-month high from two weeks prior amid the increase in long-term Treasury yields over the period. The prolonged conflict between the US and Iran maintained the blockade of energy exports from the region, lifting US inflation to drive rate traders to position for a Federal Reserve hike this year.
2026-06-11
US Mortgage Rates Ease from 9-Month High
The average rate on a 30-year fixed-mortgage was at 6.48% in the first week of June, easing from the nine-month high of 6.53% in the previous week, according to data compiled by Freddie Mac. The pullback was consistent with the drop in long-term Treasury yields over the period as signs that the US is chasing an agreement with Iran to extend their ceasefire lowered prices of key energy commodities.
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