Mortgage rates lower this week, 15-year rate just below 6%

From Yahoo Finance: 2025-06-06 06:00:00

Mortgage rates dipped this week, with the 30-year fixed rate dropping to 6.85%. Despite expectations for lower rates after the Fed’s rate cut, uncertainty around government policies has kept rates elevated. Housing inventory is increasing, but affordability is still a concern during the busy selling season. Current rates according to Zillow are 30-year fixed: 6.73%, 20-year fixed: 6.35%, and 15-year fixed: 5.95%. Refinance rates are also available, with 30-year fixed refinance at 6.83%. Rates are national averages and rounded to the nearest hundredth. Fixed-rate mortgages offer stability, while adjustable-rate mortgages change periodically. Monthly payments initially go towards interest, then shift to principal.



Read more at Yahoo Finance: Lower this week, with the 15-year just below 6%