What's a good mortgage interest rate this June?
Summary
Mortgage interest rates have risen in mid-2026, with the average rate on a 30-year mortgage at 6.50% and the 15-year mortgage at 5.87%. Borrowers are advised to seek rates below these averages by improving credit scores and shopping around, as rates may not drop soon due to Federal Reserve policies.Key Facts
- In January 2026, the average 30-year mortgage rate was about 6.06%.
- By June 8, 2026, the 30-year rate increased to 6.50%.
- The average 15-year mortgage rate in June 2026 is 5.87%.
- Good mortgage rates this month are considered below 6.50% for 30-year and below 5.87% for 15-year loans.
- Borrowers can improve their chances of better rates by raising credit scores and shopping with multiple lenders.
- Mortgage interest points are fees paid upfront to lower the mortgage rate and may be helpful now.
- The Federal Reserve is unlikely to lower interest rates soon; rates might rise if inflation stays high.
- Locking in current rates may protect borrowers from potential future increases.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.