Mortgage Rates Continue To Move Down – NMP
Analysis and Data

Mortgage Rates Continue To Move Down

Jun 13, 2024
Primary Mortgage Market Survey June 13 2024
A headshot of Sarah Wolak
Staff Writer

The 30-year FRM averaged 6.95% as of June 13, 2024, down from last week when it averaged 6.99%.

Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS), showing the 30-year fixed-rate mortgage (FRM) averaged 6.95%.

“Mortgage rates continued to fall back this week as incoming data suggests the economy is cooling to a more sustainable level of growth,” said Freddie Mac’s Chief Economist, Sam Khater. “Top-line inflation numbers were flat but shelter inflation - which measures rent and homeownership costs - increased, showing that housing affordability continues to be an ongoing impediment for buyers on the house hunt.”

The 30-year FRM averaged 6.95% as of June 13, 2024, down from last week when it averaged 6.99%. A year ago at this time, the 30-year FRM averaged 6.69%.

The 15-year FRM averaged 6.17%, down from last week when it averaged 6.29%. A year ago at this time, the 15-year FRM averaged 6.10%.

Freddie Mac
Mortgage Rates
30-year fixed mortgages
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A headshot of Sarah Wolak
Staff Writer
Sarah Wolak is a staff writer at NMP.
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Jun 13, 2024
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