Mortgage rates rose to 6.38% on Saturday, June 6, continuing an upward trend in early June as borrowing costs climb for homebuyers across the country. According to Zillow data, the 30-year fixed rate increased by 5 basis points from the previous day, while the 20-year fixed rate climbed to 6.39% and the 15-year fixed rate reached 5.74%.
The early-June surge reflects broader market expectations that mortgage rates will remain elevated throughout the month. As of early June, the average rate for a 30-year fixed mortgage is sitting around 6.3% to 6.6%, according to real estate forecasters. Experts at NerdWallet predicted mortgage rates are likely to move up in June, though analysts note the increase may not be as dramatic as other recent market moves.
The Mortgage Bankers Association expects the 30-year mortgage rate to stay between 6.4% and 6.5% through the remainder of 2026, while Fannie Mae predicts a slightly lower rate of 6.3% by year-end. For homebuyers and those refinancing, the current market environment underscores the importance of shopping across multiple lenders, as rates vary by state, ZIP code, credit profile, and loan type.
Sources
- Yahoo Finance — reported the 30-year fixed rate at 6.38%, up 5 basis points, with rates on the 20-year and 15-year fixed mortgages
- Norada Real Estate Investments — provided early June 2026 rate range of 6.3% to 6.6% and noted upward trend predictions
- NerdWallet — forecast that mortgage rates are likely to move up in June 2026
