Average 30-year fixed mortgage rates fell 4 basis points to 6.31% on June 16, 2026, while 20-year rates climbed 9 basis points.
Average 30-year fixed mortgage rates declined 4 basis points to 6.31% on June 16, 2026, while 15-year fixed rates also dropped 4 basis points to 5.74%. The moves contrast with shorter-term loans, where 20-year fixed rates rose 9 basis points to 6.19%.
Refinance rates followed a similar pattern, with 30-year fixed refinance rates at 6.34% and 15-year rates at 5.82%. Adjustable-rate mortgages (ARMs) showed mixed changes, with the 5/1 ARM up 1 basis point to 6.31% and the 7/1 ARM at 6.32%. VA loan rates remained lower, with 30-year VA rates at 5.88%.
The divergence reflects shifting lender pricing amid expectations of future rate movements. National averages are rounded to the nearest hundredth, with refinance rates typically higher than purchase rates.