Mortgage rates edged slightly higher on Sunday, June 15, with the national average 30-year fixed mortgage APR standing at 6.95%, according to Bankrate’s latest survey. The average interest rate for a 30-year fixed mortgage is 6.89%, up three basis points from last week, reflecting continued volatility in the market.
Other major rate trackers, including Zillow, report the 30-year fixed rate at 6.73% today, with the 15-year fixed at 6.00% and the 20-year fixed at 6.52%. These minor increases are consistent with recent trends, as rates have fluctuated within a narrow band for several months.
Here’s a summary of today’s average mortgage rates:
| Loan Type | Interest Rate | APR |
|---|---|---|
| 30-Year Fixed | 6.89% | 6.95% |
| 20-Year Fixed | 6.60% | 6.69% |
| 15-Year Fixed | 6.06% | 6.16% |
| 30-Year Fixed (Zillow) | 6.73% | — |
| 15-Year Fixed (Zillow) | 6.00% | — |
Rates vary by lender and region, and borrowers with strong credit, a sizable down payment, and low debt-to-income ratios may be able to secure more favorable terms.
Market experts expect 30-year fixed rates to remain close to current levels through the summer, with only minor fluctuations anticipated barring any major economic or geopolitical developments.
