Mortgage Rates Hold Steady Despite Modest Uptick
In June, average mortgage rates remained steady, with the 30-year fixed rate at 6.82% and the 15-year at 5.95%, both slightly lower than a year ago. Despite minor fluctuations in Treasury yields and cautious optimism from Fed Chair Powell about potential future rate cuts, the Federal Reserve kept interest rates unchanged, signaling continued uncertainty in economic outlooks. Revised economic projections reflected slower GDP growth and higher inflation expectations through 2025.
