US 30-Year Mortgage Rate Ticks Higher

The average rate on a 30-year fixed-mortgage inched higher by 2bps to 6.49% on the week to June 25th, 2026, according to data compiled by Freddie Mac. The result was in line with some elevated yields for longer maturity Treasury bonds at the start of the week, when the hawkish projections by FOMC members drove the market to position for rate hikes by the Fed this year. “Rates have remained relatively stable over the last six weeks." said Sam Khater, Freddie Mac’s Chief Economist. "Meanwhile, purchase activity eased modestly and refinance activity has continued to pick up recently, reflecting borrowers’ responsiveness to current rate levels.”

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."

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.