FX.co ★ US Mortgage Rates Little Changed: MBA

In the week ending June 6, 2025, the average interest rate for 30-year fixed-rate mortgages with conforming loan amounts (up to $806,500) in the U.S. rose slightly by 1 basis point to 6.93%, as reported by the Mortgage Bankers Association. Joel Kan, the MBA’s Vice President and Deputy Chief Economist, noted, "There were fluctuations in Treasury rates during the week, presenting new opportunities for borrowers." Just two weeks prior, mortgage rates had reached a four-month peak at 6.98%, driven by increasing fiscal concerns that significantly elevated long-term Treasury yields. Comparatively, a year ago, rates were marginally higher at 7.02%.