The latest on mortgage rates
“Mortgage rates have moved within a narrow range for the past few months—and this week is no different,” says Sam Khater, Freddie Mac’s chief economist. However, “rate stability, improving inventory and slower house price growth are an encouraging combination as we celebrate National Homeownership Month.”
Freddie Mac reports the following national averages with mortgage rates for the week ending June 12:
- 30-year fixed-rate mortgages: averaged 6.84%, down slightly from last week’s 6.85% average. A year ago, 30-year rates averaged 6.95%.
- 15-year fixed-rate mortgages: averaged 5.97%, down from last week’s 5.99% average. A year ago, 15-year rates averaged 6.17%.
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