Top-Tier 30-Year Mortgage Rates Slip to 6.57%, Near 2-Week Low

2 articles · Updated · Mortgage News Daily · Jun 2

6.57% was the average top-tier 30-year fixed mortgage rate on Tuesday, down from 6.60% and just above last Friday’s 6.56% low.
Bond trading was largely uneventful, leaving mortgage rates little reason to move sharply after recent sessions were driven by war-related swings.
Oil prices still influenced rates through inflation expectations, but Tuesday’s moves stayed within Monday’s range and failed to jolt the market.
The decline leaves mortgage costs hovering near their lowest level in more than two weeks rather than signaling a broader break lower.

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