Average US long-term mortgage rate falls to 6.48%, retreating from its highest level in 9 months
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June 4, 2026 10:20 AM
The average long-term U.S. mortgage rate eased this week from its highest level in nine months, welcome relief for prospective homebuyers.
The benchmark 30-year fixed rate mortgage rate fell to 6.48% from 6.53% last week, mortgage buyer Freddie Mac said Thursday. The average rate remains below 6.85%, where it was a year ago.
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