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30-year fixed mortgage rates fall to 6.48%, improving housing affordability slightly.

Market News
04 Jun 2026
GlobeNewsWire
View Source
Neutral
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Freddie Mac reported that the 30-year fixed-rate mortgage averaged 6.48% as of June 4, 2026, down from 6.53% the previous week and 6.85% a year ago. The 15-year fixed-rate mortgage also decreased to 5.79%. This decline in mortgage rates, combined with income growth outpacing home price increases, is marginally improving housing affordability for buyers. Freddie Mac continues its mission to support homeownership by promoting stability and affordability in the housing market.

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