This week's Freddie Mac Primary Mortgage Market Survey found the 30-year fixed rate mortgage averaged 3.03 per cent. It's the first time in 10 weeks that the 30-year fixed rate mortgage averaged above 3 per cent on the survey.
Consumers looking for a mortgage can check daily market mortgage rates published by such sources as Mortgage News Daily that follow rates or with mortgage providers.
Freddie Mac's Chief Economist Sam Khater said, “As the economy progresses and inflation remains elevated, we expect that rates will continue to gradually rise in the second half of the year."
•30-year fixed-rate mortgage averaged 3.02 percent with an average 0.7 point for the week ending June 24, 2021, up from last week when it averaged 2.93 percent. A year ago at this time, the 30-year FRM averaged 3.13 percent.
•15-year fixed-rate mortgage averaged 2.34 percent with an average 0.7 point, up from last week when it averaged 2.24 percent. A year ago at this time, the 15-year FRM averaged 2.59 percent.
•5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.53 percent with an average 0.3 point, up slightly from last week when it averaged 2.52 percent. A year ago at this time, the 5-year ARM averaged 3.08 percent.