Mortgage Rates Edge Close to 2026 Peak, Inflation Holds Pressure on U.S. Housing
Mortgage rates in the U.S. edged up again this week, moving closer to their highs from 2026. That’s more pressure for buyers dealing with high prices, persistent inflation, and few signs that the Federal Reserve is ready to cut rates. Freddie Mac on Thursday put the average 30-year fixed at 6.52% for the week ending June 11, versus 6.48% the week before. That’s just under the 6.53% seen two weeks back. The 15-year fixed-rate mortgage, a popular choice for refinancing, ticked up to 5.84% from 5.79% last week. Both the 30-year and 15-year rates are still running below where they were a year ago—6.84% and 5.97%, respectively. But the recent bump keeps borrowing costs high and continues to squeeze household purchasing power.
