Weekly Mortgage Rate Update: Week of June 4, 2026

As of June 4, 2026, the average 30-year fixed mortgage rate is 6.48% and the 15-year fixed is 5.79%, according to Freddie Mac’s Primary Mortgage Market Survey.

Here’s my read on it. Rates eased a touch this week, down about 0.05 from last week’s 30-year average. The move tracked a small dip in the 10-year Treasury yield, which mortgage rates tend to follow more closely than anything the Fed announces directly. Cooler-than-expected economic data, think softer jobs numbers or a friendlier inflation report, typically nudges Treasury yields down, and mortgage rates often drift with them. Nothing dramatic happened, but the direction was the right one.

What does this mean for you? If you’re a first-time buyer, small weekly moves like this matter less than locking in a payment you’re comfortable with and a home you love. Don’t try to time the bottom; it’s a fool’s errand. For veterans, VA financing may still pencil out well even in this range, often with zero down and no PMI, so the headline number isn’t the whole story. And if you’re self-employed, your rate could land differently than these averages because pricing depends on how your file is structured, not just the market. That’s where I earn my keep.

My advice stays the same: rates move, but the right plan doesn’t. Let’s look at your real numbers and figure out what actually makes sense for you.

National averages for conventional, conforming loans (20% down, excellent credit). This is market data, not a rate offer or quote. Your rate depends on your loan, credit, property, and other factors.