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Story summary
- The average 30-year fixed mortgage rate was 6.512% and the 15-year rate was 5.776% on June 9 2026.
- The Federal Reserve (Fed) kept its policy target at 3.50%–3.75% at the April 28-29 meeting.
- Analysts do not expect a rate cut on June 16-17 after mortgage applications fell 2.5%.
- Experts advise borrowers to raise credit scores, shop lenders, and weigh refinance costs of 2%-6% of the loan, roughly $6-$18 k on a $300 k mortgage.
