Fixed Mortgage Rates Rise: 30-Year Hits 6.38% on June 6, 2026

Fixed mortgage rates increased on Saturday, June 6, 2026, reversing recent declines. The 30-year fixed rate climbed 5 basis points to 6.38%, the 20-year fixed rate surged 13 basis points to 6.39%, and the 15-year fixed rate ticked up 2 basis points to 5.74%, according to data from the Zillow lender marketplace. The rise contrasts with forecasts from the Mortgage Bankers Association, which sees the 30-year rate ranging 6.4%–6.5% through 2026, and Fannie Mae's projection of 6.3% by year-end. Freddie Mac's weekly survey averaged 6.48% for the 30-year term this week. Mortgage rates, which vary by lender and ZIP code, remain below year-ago levels. Borrowers are encouraged to shop among lenders, as even small rate differences significantly impact long-term interest costs. Adjustable-rate mortgages offer lower introductory rates but carry repricing risk after the fixed period.