US Mortgage Rates Today (June 2026)
Average interest rates for conforming residential home purchase loans in the United States, compiled from national lender surveys.
National Average Mortgage Rates
| Loan Product | Average Interest Rate | Estimated APR | Standard Down Payment |
|---|---|---|---|
| 30-Year Fixed Conforming | 6.47% | 6.55% | 20% (Avoids PMI) |
| 15-Year Fixed Conforming | 5.81% | 5.89% | 20% (Avoids PMI) |
| FHA 30-Year Fixed | 6.10% | 6.18% | 3.5% Minimum |
| VA 30-Year Fixed | 6.05% | 6.10% | 0% Down Available |
US Mortgage Market Overview (June 2026)
As of June 2026, U.S. mortgage rates have stabilized in the mid-6% range. According to Freddie Mac and the Mortgage Bankers Association (MBA), conforming 30-year fixed mortgages average around 6.47% to 6.59%, representing a steady borrowing landscape after the volatility of previous years.
Mortgage rates continue to track the movement of the 10-year US Treasury yield and are heavily influenced by the Federal Reserve's monetary policies. With inflation remaining a key economic metric (tracking around 4.2% in recent CPI reports), the Fed has held its benchmark interest rates steady, indicating that mortgage rates are likely to hover above the 6.0% mark in the near term.
For home buyers looking to enter the market, choosing between a 30-year fixed and a 15-year fixed mortgage presents a significant strategic trade-off. 15-year mortgages offer substantially lower interest rates (allowing you to build equity faster and save tens of thousands in interest expenses), but they carry much higher monthly payments. FHA loans remain a popular option for buyers with smaller down payments (minimum 3.5%), while eligible military veterans can take advantage of VA loans with 0% down and no private mortgage insurance (PMI).
To model these trade-offs and calculate your monthly Principal, Interest, Taxes, and Insurance (PITI) budget under current rates, use our comprehensive Mortgage Calculator or compare options using our Rent vs. Buy Calculator.