Mortgage rates end their two-month slide in June

House on rate chart

After falling for nine straight weeks from early April through early June, mortgage rates have ticked up slightly the past few weeks.

According to's new survey of major lenders, the average cost of all four major types of home loans we track continues to be a quarter point to a half point cheaper than in January.

The five-year adjustable-rate home loan even reached a record low of 3.35% earlier this month.

But this spring’s trend of steadily falling interest rates is not carrying over into the summer.

Our June 29 survey found the average interest rate for a:

30-year, fixed-rate loan rose to 4.71% from 4.66% the previous week. That’s about what these kinds of loans cost this time last summer, when the survey average reached 4.75%.

15-year, fixed-rate loan rose to 3.86% from 3.83% the previous week. That’s considerably lower than a year ago when it was 4.20%.

30-year, fixed-rate jumbo loan (for mortgages exceeding $417,000 to $729,750, depending on the city) fell to 5.21% from 5.23% the previous week. A year ago, it was 5.55%.

Five-year, adjustable-rate loan rose to 3.45% from 3.36% the previous week. A year ago, it was 4.07%.

Our database of mortgage rates can help you find the best deals in your area, including many that are less costly than the national averages.

You can use our calculator to determine the monthly payments for the exact amount you want to borrow with this or any home loan.

It will also provide a month-by-month amortization schedule that shows how much you've reduced your debt and how much you still owe if you want to pay off your loan.

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