The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) and with 20 percent down increased from 5.33 percent to 5.40 percent during the first week of June, according to CNBC (citing data from the Mortgage Bankers Association). The average rate for the 30-year fixed-rate mortgage refinance on June 9, 2022 is 5.56 percent, according to Forbes.

Last Updated on June 9, 2022 by Ramin Seddiq