June 2026 — Rate Snapshot

Published June 5, 2026

Mortgage rates have shown modest improvement entering June, with 30-year fixed rates for well-qualified borrowers generally ranging between 6.50% and 7.00% depending on loan type, down payment, and credit profile. Here's a general snapshot of where rates are trending:

30-Year Fixed (Conventional)

Mid-to-upper 6% range for borrowers with strong credit (720+) and 20% down. Higher loan-to-value ratios and lower credit scores will see higher rates.

15-Year Fixed (Conventional)

Typically 0.5–0.75% below the 30-year rate. A strong option for borrowers looking to build equity faster and pay significantly less interest over time.

FHA (30-Year Fixed)

Competitive with conventional rates and often slightly better for borrowers with credit scores below 720. Remember that FHA includes mortgage insurance premium (MIP).

VA (30-Year Fixed)

Consistently among the lowest rates available — often 0.25–0.5% below conventional. No PMI, no down payment required for eligible veterans and service members.

DSCR / Investment Property

Investment property rates run higher than primary residence rates, typically in the upper 6% to low 7% range depending on rental income coverage and borrower profile.

What's Moving the Market

Rates continue to be influenced by Federal Reserve guidance on inflation, monthly employment data, and bond market activity. While rates are off their recent peaks, they remain elevated compared to the historically low environment of 2020–2021. Most economists expect gradual easing through 2026, though the pace and timing remain uncertain.

The most important thing to know: the rate you qualify for depends on your specific profile. The numbers above are general market indicators — your actual rate could be better.

Get a Live Quote

These are market snapshots, not locked rates. To find out exactly what you qualify for today — with no credit pull and no obligation — request a free personalized rate quote above. We respond within one business day.

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