The 30-year fixed mortgage rate averaged 6.48 percent for the week ending June 5, 2026, per Freddie Mac's Primary Mortgage Market Survey. That is down from 6.53 percent the week before and 37 basis points below where the 30-year sat at this same point last year. If you have been watching and waiting, this is the kind of move that is worth acting on.
Earlier this spring, small rate moves kept creeping upward week by week. This week ran the other direction. A 5-basis-point drop may not sound dramatic, but after a stretch of increases, direction matters as much as distance. The 15-year fixed also fell, to 5.79 percent from 5.87 percent the week before.
For buyers who have been calculating monthly payments and wondering when to come in, a rate dropping back toward the lower end of its recent range is a different...