June 12, 2023 Mortgage Rates Continue to Rise
TL;DR
The average rate for a 30-year fixed mortgage increased by 4 basis points to 7.26%, the highest rate seen in June. Rates on most other mortgage types also rose, including jumbo loans and their refinance counterparts. The recent surge in rates is attributed to a complex interaction of macroeconomic and industry factors, including the Federal Reserve's monetary policy and competition between lenders.
- 30-Year Mortgage Rates Tick Up to New June High Investopedia
- Current Mortgage Rates for June 12, 2023: Rates Trend Higher CNET
- Today’s mortgage rates for June 12, 2023 NJ.com
- Mortgage products fall by more than 100 over the weekend Mortgage Solutions
- Today's Mortgage and Refinance Rates: June 12, 2023 | Rates are Still High msnNOW
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