Mortgage Rates Decrease to 6.48%

Freddie Mac (OTCQB: FMCC) reported that the average 30-year fixed-rate mortgage fell to 6.48% for the week of June 4, 2026, down from 6.53% a week earlier and 6.85% a year ago.

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Freddie Mac (OTCQB: FMCC) reported that the average 30-year fixed-rate mortgage fell to 6.48% for the week of June 4, 2026, down from 6.53% a week earlier and 6.85% a year ago.

The 15-year FRM averaged 5.79%, down from 5.87% and 5.99% a year earlier.

Argus Jun 4 session

+6.50% close to close Open Argus

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News Market Reaction – FMCC

On Jun 4, the day this news came out, FMCC closed 6.50% above the previous close.

Data tracked by StockTitan Argus for the Jun 4 session.

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MCLEAN, Va., June 04, 2026 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey^® (PMMS^®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.48%.

“The 30-year fixed-rate mortgage decreased to 6.48% this week,” said Sam Khater, Freddie Mac’s Chief Economist. “With mortgage rates in the mid-6% range and income growth outpacing home price growth, housing affordability is marginally improving.”

News Facts

• The 30-year FRM averaged 6.48% as of June 4, 2026, down from last week when it averaged 6.53%. A year ago at this time, the 30-year FRM averaged 6.85%.
• The 15-year FRM averaged 5.79%, down from last week when it averaged 5.87%. A year ago at this time, the 15-year FRM averaged 5.99%.

The PMMS^® is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit. For more information, view our Frequently Asked Questions.

Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability and affordability in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: Website | Consumers | X | LinkedIn | Facebook | Instagram | YouTube

MEDIA CONTACT:
Kate Hartig
(703) 903-3802
Kate_Hartig@FreddieMac.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/770e35a5-ede2-4367-baf6-0491f20aabea

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the average 30-year mortgage rate in the latest Freddie Mac (FMCC) survey?

The average 30-year fixed-rate mortgage is 6.48% in the latest Freddie Mac survey. According to Freddie Mac, this is down from 6.53% last week and 6.85% at the same time a year ago.

How did the 15-year fixed mortgage rate change in Freddie Mac’s June 4, 2026 PMMS survey?

The average 15-year fixed-rate mortgage fell to 5.79% for the week of June 4, 2026. According to Freddie Mac, this compares with 5.87% the prior week and 5.99% at this time last year.

What does Freddie Mac (FMCC) say about housing affordability with rates at 6.48%?

Freddie Mac says housing affordability is marginally improving with 30-year rates in the mid-6% range. According to Freddie Mac, income growth is currently outpacing home price growth, helping support slightly better affordability conditions for potential homebuyers.

What types of loans are included in Freddie Mac’s Primary Mortgage Market Survey (PMMS)?

The PMMS focuses on conventional, conforming, fully amortizing home purchase loans. According to Freddie Mac, these results reflect borrowers who make a 20% down payment and have excellent credit profiles, giving a benchmark for prime mortgage pricing.

How do current Freddie Mac mortgage rates compare with last year’s levels?

Both 30-year and 15-year mortgage rates are lower than a year ago. According to Freddie Mac, the 30-year FRM declined from 6.85% to 6.48%, while the 15-year FRM decreased from 5.99% to 5.79% year over year.

What is Freddie Mac’s mission in the U.S. housing market?

Freddie Mac’s mission is to make home possible for families nationwide. According to Freddie Mac, it promotes liquidity, stability, and affordability in the housing market and has helped tens of millions of families buy, rent, or keep their homes since 1970.