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30-Year Mortgage Drops to 6.47% as Sales Rise

6/22/2026

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Story summary
  • The average 30-year mortgage rate fell to 6.47% on June 18, 2026.
  • The 10-year Treasury yield fell to 4.44% while the Federal Reserve kept its policy range at 3.5-3.75%.
  • Pending home sales increased 3.8% in May from April and 4.8% year-over-year, indicating steady demand.
  • Freddie Mac chief economist Sam Khater said consumers remain resilient.
  • Analysts said future rate moves will depend on oil-price stability and further Federal Reserve action on inflation.