Freddie Mac's results of its Primary Mortgage Market Survey® shows that "The 30-year fixed-rate mortgage continues to trend down, hitting the lowest level in almost three months. By historical standards, the economy is in good shape, and we expect rates to continue to come down over the summer months, bringing additional homebuyers back into the market."
• 30-year fixed-rate mortgage (FRM) averaged 6.86 percent for the week ending June 27, 2024, down from last month when it averaged 7.03 percent. A year ago, at this time, the 30-year FRM averaged 6.71 percent.
• 15-year FRM this week averaged 6.16 percent, down from last month when it averaged 6.36 percent. A year ago, at this time, the 15-year FRM averaged 6.06 percent.
