According to Freddie Mac, 30-year mortgage rates averaged 6.81% this week, which is a tiny bit higher compared to last week's average.
Mortgage Rates for Buying a Home
30-year Fixed Mortgage Rates Decrease (-0.10%)
The current average 30-year fixed mortgage rate is 6.40%, down 10 basis points since this time last week. This rate is a bit lower compared to where it was a month ago, when it was 6.47%.
At 6.40%, you'll pay $626 monthly toward principal and interest for every $100,000 you borrow.
20-year Fixed Mortgage Rates Go Up (+0.20%)
The average 20-year fixed mortgage rate is up from last week and sits at 6.25%. This time in June, the rate was 6.03%.
With a 6.25% rate on a 20-year term, your monthly payment will be $731 toward principal and interest for every $100,000 borrowed.
15-year Fixed Mortgage Rates Barely Inch Up (+0.01%)
The average 15-year fixed mortgage rate is 5.76%, a single basis point increase from last week. This time in June, the rate was a bit higher at 5.83%.
With a 5.76% rate on a 15-year term, you'll pay $831 each month toward principal and interest for every $100,000 borrowed.
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