Mortgage Rates Stay Close to Highest Levels Since 2026, Refinance Borrowers Eye Fed
U.S. mortgage rates remain elevated ahead of the Federal Reserve’s June 16–17 meeting, with Bankrate reporting the average 30-year fixed at 6.57% and Freddie Mac’s benchmark at 6.52%; mortgage applications jumped 10.8% last week despite volatile rates and strained affordability, keeping investor focus on the Fed’s next move.