Mortgage Rates Fluctuate: June 2023 Update.

Mortgage rates for home purchases have fallen across all key terms since yesterday, with 15-year fixed mortgage rates falling the most to 5.625%. Refinance rates have also fallen for 15- and 30-year terms, while rates for 10-year terms have risen slightly. Borrowers looking to save on interest should consider 15-year terms, while those seeking smaller monthly payments should consider 20-year terms. Credible, a personal finance marketplace, provides tools to compare mortgage rates from multiple lenders without affecting credit scores.