Mortgage Rates Fell For The Third Straight Week – NMP
Analysis and Data

Mortgage Rates Fell For The Third Straight Week

Jun 20, 2024
Freddie Mac PMMS June 20, 2024
A headshot of Sarah Wolak
Staff Writer

The 30-year fixed-rate mortgage averaged 6.87%.

Freddie Mac today released the results of its Primary Mortgage Market Survey, showing the 30-year fixed-rate mortgage (FRM) averaged 6.87%.

“Mortgage rates fell for the third straight week following signs of cooling inflation and market expectations of a future Fed rate cut,” said Freddie Mac’s Chief Economist, Sam Khater. “These lower mortgage rates coupled with the gradually improving housing supply bodes well for the housing market. Aspiring homeowners should remember it’s important to shop around for the best mortgage rate as they can vary widely between lenders.”

The 30-year FRM averaged 6.87% as of June 20, 2024, down from last week when it averaged 6.95%. A year ago at this time, the 30-year FRM averaged 6.67%.

The 15-year FRM averaged 6.13%, down from last week when it averaged 6.17%. A year ago at this time, the 15-year FRM averaged 6.03%.

Freddie Mac
Mortgage Rates
30-year fixed mortgages
About the author
A headshot of Sarah Wolak
Staff Writer
Sarah Wolak is a staff writer at NMP.
Link copied
Published
Jun 20, 2024
Get the NMP Daily
Tech
Originators Rank Marketing As Their Biggest Tech Bottleneck

Four OriginatorTech demonstrations showed how vendors are applying AI and automation to content, database outreach, and loan operations

Mortgage technology companies spend plenty of time talking about faster files and smoother closings. But originators attending National Mortgage Professional’s latest OriginatorTech Demo Day pointed to a more immediate problem: marketing.Content creation and marketing topped...

Continue reading
Non-QM
GenWay Brings AI Automation To Non-QM Underwriting

The wholesale and correspondent lender plans to move six underwriting automation products into production within three months

GenWay Home Mortgage has deployed Tavant’s TOUCHLESS mortgage automation platform across its Non-QM and government-lending businesses, extending the industry’s push to automate underwriting beyond conventional agency loans.The national wholesale and correspondent lender is u...

Continue reading
Renew your NMLS License — for free.

Enjoy access to a free NMLS renewal class when you attend an in-person event.

Find an event
More from
Analysis and Data
More New Homes Are Underway, But Financing May Decide Who Wins

Single-family construction rebounded in August, but falling permits, fewer completions, and widespread builder incentives point to a tougher fight for the purchase loans those homes eventually produce

Analysis and Data
Sep 18, 2026
Best Purchase Markets Pair Affordability With New Construction

Des Moines and Raleigh lead Realtor.com’s metro rankings as housing supply and borrower purchasing power increasingly divide local markets

Analysis and Data
Sep 17, 2026
UWM Says VantageScore Improves Results For 1 In 4 Borrowers

Wholesale lender says alternative scores are producing lower rates or reduced LLPAs for some borrowers

Analysis and Data
Sep 17, 2026
Port St. Lucie Shows Where Florida’s Housing Growth Is Moving

Available land, lower home prices, and domestic migration are drawing buyers to the Treasure Coast as growth slows in several larger Florida cities

Analysis and Data
Sep 16, 2026
Southern Boomtowns Expand The Mortgage Prospect Pool

Eight of LendingTree’s 10 leading growth markets are in the South, but more residents and housing do not automatically produce more closings

Analysis and Data
Sep 15, 2026
New-Home Mortgage Applications Fall For Fifth Straight Month

Applications reached their lowest level of 2026 in August as higher mortgage rates constrained demand and FHA loans gained a larger share of new-home financing

Analysis and Data
Sep 15, 2026