Mortgage Rates Stay Close to Highest Levels Since 2026, Refinance Borrowers Eye Fed
• The average 30-year fixed mortgage rate is 6.57% in Bankrate’s latest Sunday reading, with 30-year refinance deals at 6.69%.• Freddie Mac pegged its weekly average at 6.52%. Mortgage application numbers moved higher even as rates stayed choppy.• Borrowers are deciding between locking in rates and looking for better offers ahead of the Federal Reserve meeting set for June 16–17. Mortgage and refinance rates stayed high Sunday, with the pressure still on U.S. buyers and owners thinking about new loans ahead of the Federal Reserve’s next meeting. Bankrate’s national survey listed the 30-year fixed mortgage at 6.57% as of 6:30 a.m. Sunday. The 30-year fixed refinance rate was 6.69%, and the 15-year refi averaged 6.08%.