The average interest rate for a 30-year, fixed-rate conforming mortgage loan in the U.S. is 6.528%, an increase of about 3 basis points from the day before, according to data from mortgage data company Optimal Blue.
Meanwhile, the average rate for a 15-year, fixed-rate conforming mortgage loan is 5.867%, up about 14 basis points for the same period.
Rates current as of June 11, 2026. Fortune publishes a daily refi rates post each weekday that data is available.
Compare mortgage rates for June 11, 2026
Here’s a quick look at week-over-week rate changes.
Fortune reviewed the latest Optimal Blue data available on June 10, reflecting rates for loans locked in as of June 9.
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What you’d pay in interest with where rates are at on June 12, 2026
We ran the numbers through the mortgage calculator provided by the federal government’s Office of Financial Readiness. At the current rate of 6.528%, on a 30-year mortgage where you borrow $300,000, you’d pay roughly $384,624.54 in interest over the life of the loan.
On a 15-year mortgage with the same loan amount used for the estimate, you’d pay roughly $151,812.18 in interest over the life of the loan at the current rate of 5.867%.
Read on to see how mortgage rates have changed day over day.
30-year conventional mortgage: Up about 3 basis points
This may be the most popular mortgage type in the United States.
The current average 30-year mortgage rate is 6.528%. That’s up from 6.501% on the last day’s report.
15-year conventional mortgage: Up about 14 basis points
This type of mortgage is popular with homeowners seeking to minimize interest payments over the life of their loan.
The current average 15-year mortgage rate is 5.867%. That’s up from 5.727% on the last day’s report.
30-year jumbo mortgage: Down about 3 basis points
A jumbo mortgage is one that exceeds the conforming loan limits set by the Federal Housing Finance Agency. While the limit can vary in certain high-cost-of-living-areas, in most of the U.S., it’s $832,750 for 2026.
The current average rate on a 30-year jumbo loan is 6.599%. That’s down from 6.625% on the last day’s report.
30-year FHA mortgage: Down about 3 basis points
This type of mortgage is oftentimes more accessible to borrowers with slightly lower credit scores than conventional mortgages. Lenders are protected because these loans are insured by the Federal Housing Administration.
The current average rate on a 30-year FHA home loan is 6.284%. That’s down from 6.310% on the last day’s report.
30-year VA mortgage: Up about 2 basis points
These loans are, in general, available to U.S. military members and veterans and surviving spouses. One attractive feature is that they have no minimum down payment requirement, unlike most other mortgage types.
The current average rate on a 30-year VA home loan is 6.131%. That’s up from 6.109% on the last day’s report.
30-year USDA mortgage: Down about 1 basis point
A USDA loan is meant to help low- to moderate-income borrowers purchase a home in an eligible rural area. Like VA loans, USDA loans have no minimum down payment requirement.
The current average rate on a 30-year USDA home loan is 6.214%. That’s down from 6.219% on the last day’s report.
What the Federal Reserve is doing in 2026
While it’s not always an exact correlation, mortgage rates tend to fluctuate when the Federal Reserve adjusts its benchmark federal funds rate—which is the rate banks charge each other to borrow overnight.
When the Fed hikes its rate, banks tend to raise rates on consumer products like mortgages. And when the Fed decreases its rate, banks will often lower rates on consumer products.
At its last meeting on April 28-29, the Federal Open Market Committee left the federal funds rate where it stood at 3.50% – 3.75%. The FOMC has another meeting coming up June 16-17.
In 2020 the central bank cut the federal funds rate to effectively zero, trying to fight off a recession as the coronavirus pandemic upended life and the economy. Against this backdrop, mortgage rates hit a record low average of 2.65% in January 2021.
But, barring an unforeseeable catastrophe of similar proportions, experts do not expect mortgage rates to drop that low anytime in the near future.
Trends with mortgage applications
Mortgage applications increased recently, according to the Mortgage Bankers Association. Specifically, applications increased 10.8% for the week ending June 5 compared to a week prior, per MBA data.
“Mortgage rates were volatile last week as news from the Middle East continues to drive markets,” Mike Fratantoni, MBA’s SVP and chief economist, said in a news release.
He added:
“Both refinance and purchase applications rebounded coming out of the Memorial Day holiday week, with refinance applications up 15 percent and purchase applications up 7 percent.”
Adjustable-rate mortgages (ARMs) increased as a share of total applications to 8.6%, according to the MBA.
Recent reporting on the housing market from Fortune
Savvy consumers can stay on top of what’s happening in the economy with recent stories from our newsroom:
- ‘The golden years are not golden’: Boomers are hoarding most of America’s wealth and power because they’re terrified of outliving their money
- This realtor is betting big on the AI IPO boom, but buying a house with stock will have to go through the OpenAI’s and Anthropic’s boards first
- BofA on the ‘fundamental disconnect’ in the housing market: You’re blaming the wrong person for why you can’t afford a home
- ‘A landmark moment for homebuying’: A San Francisco seller wants OpenAI or Anthropic stock for their $3 million home
- Buffett says Abel ‘has launched’ with his first big Berkshire deal: an $8.5 billion housing bet
- This home-builder dropped out of high school and worked construction for $8 an hour—by 22, he was making $200K from his trade empire
- Pandemic relief funds accidentally broke the housing market by helping scammers inflate local home prices nearly 6%, study finds
Why you should comparison shop
When interest rates are high, homebuyers who apply with multiple mortgage lenders may save anywhere from $600 to $1,200 per month compared to those who do not, according to Freddie Mac. That’s a real difference and well worth a little application time and paperwork.
Keep in mind you want to comparison shop on two fronts. The first is comparing multiple lenders to figure out who can offer you the best rate and who will provide the service you expect.
Second, you also want to evaluate different types of home loans. If your credit is top notch, you might do well with a conventional loan. But someone who has a credit score under 600 might face denial for a conventional mortgage while still having a chance at approval for an FHA loan.
Frequently asked questions
Are a mortgage’s interest rate and APR the same?
No, they are related, but not precisely the same. Your APR includes the interest you’ll pay and also factors in any additional fees.
What’s a good mortgage rate in June 2026?
We’ve been seeing the average rate for a 30-year conventional mortgage hovering around 6.50% recently. So, if you get a rate just above 6.00%, that’s solid.
Will mortgage rates go down?
No one knows with absolute certainty, but it is possible. If the Fed makes a cut to the federal funds rate in 2026, that could motivate a dip in mortgage rates. But, other factors also impacting mortgage rates include demand for home loans, the national debt, and inflation.
