US Mortgage Rates Track Higher in the Week Ending June 11
Mortgage Rates Average 6.52%
On Thursday, Freddie Mac released its Primary Mortgage Market Survey for the week ending Thursday, June 11.
The 30-year fixed-rate mortgage averaged 6.52%, up from 6.48% the previous week. A year ago at this time, the 30-year rate averaged 6.84%.
The 15-year fixed-rate mortgage averaged 5.84%, up from 5.79% last week. A year ago at this time, the 15-year rate averaged 5.97%.
Commenting on this week’s survey, Freddie Mac Chief Economist Sam Khater said:
“The 30-year fixed-rate mortgage averaged 6.52% this week. Stronger employment momentum has helped existing home sales reach a five-month high. Importantly, we’re seeing homebuyers look past the short-term rate fluctuations and actively enter the market, signaling renewed confidence in homeownership opportunities.”
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