Current US mortgage rates
As of June 18, 2026, the Freddie Mac PMMS national average 30-year fixed-rate mortgage was 6.47% and the 15-year fixed was 5.81%. A year earlier they were 6.81% and 5.96% respectively. These are national weekly survey averages for prime borrowers — your actual rate depends on credit, down payment, loan type and lender. This is a dated snapshot; verify the current figure at freddiemac.com/pmms.
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Data as of June 18, 2026.
Dated snapshot. Mortgage rates change weekly. The figures here are a snapshot captured for June 18, 2026. Always check the official Freddie Mac PMMS page for the current week, and a lender's Loan Estimate for your personal rate. RateLedger is informational only and is not a lender or a rate quote.
National average rates, June 18, 2026
| Loan term | This week | Year ago | Year-over-year |
|---|---|---|---|
| 30-year fixed | 6.47% | 6.81% | -0.34 pts |
| 15-year fixed | 5.81% | 5.96% | -0.15 pts |
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Data as of June 18, 2026.
What moves mortgage rates in 2026
Fixed mortgage rates track the 10-year Treasury yield and the spread lenders add on top. That spread widens when markets are volatile or prepayment risk is high. Federal Reserve policy influences rates indirectly through expectations rather than setting them directly — the Fed sets the short-term federal funds rate, while 30-year mortgages price off longer-term bonds. With the 30-year fixed near 6.47%, monthly payments are far higher than the sub-3% lows of 2021, which is part of why refinancing volume has stayed muted. See purchase vs refinance volume by state.
Estimate your payment at today's rate
Our mortgage calculator is pre-filled with the current 6.47% 30-year average so you can see the monthly principal-and-interest payment for a given home price and down payment — and work backward from a monthly budget to a loan amount.
Frequently asked questions
What is the current 30-year mortgage rate?
As of June 18, 2026, the Freddie Mac PMMS 30-year fixed-rate mortgage averaged 6.47%, down from 6.81% a year earlier. The 15-year fixed averaged 5.81%. These are national weekly survey averages — your quoted rate depends on credit, down payment, loan type and lender. Verify the latest figure at freddiemac.com/pmms.
What is the Freddie Mac PMMS?
The Primary Mortgage Market Survey (PMMS) is Freddie Mac's long-running weekly survey of average mortgage rates offered to prime borrowers. It is the most widely cited benchmark for national mortgage rates and is published every Thursday.
Are these the rates I will be offered?
No. PMMS averages assume a strong borrower profile and exclude points and fees beyond a standard amount. Your actual rate varies with your credit score, down payment, loan amount, loan type (conventional/FHA/VA) and the individual lender. Always compare official Loan Estimates.
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Last updated: 2026-06-20