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Mortgage Rates Fluctuate: Dip, Decline, and Rise in June 2023

1 min read
Source: Investopedia
Mortgage Rates Fluctuate: Dip, Decline, and Rise in June 2023
Photo: Investopedia
TL;DR

Mortgage rates for 30-year and 15-year fixed loans have slightly decreased, while jumbo 30-year rates have remained steady. Refinancing rates have also dropped slightly. Rates have been fluctuating since June 1, with the 30-year average hitting a 20-year high of 7.65% on May 26. The Federal Reserve's bond-buying policy and competition between lenders are factors that influence mortgage rates.

Topics:businessfinance#30-year-fixed#federal-reserve#finance#jumbo-loans#mortgage-rates#refinancing
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  1. Today's Mortgage Rates & Trends - June 8, 2023: Rates Dip  Investopedia
  2. U.S. mortgage rates decline, inventory issues still remain  Yahoo Finance
  3. Mortgage rates fall for the first time in three weeks  CNN
  4. Current Mortgage Rates for June 9, 2023: Rates on the Rise  CNET
  5. Today's lowest mortgage rates? Rates for 10- and 15-year terms at 5.625% | June 9, 2023  Fox Business

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