Zillow Sets Good June Mortgage Rate Below 6.50% for 30-Year Loans
Updated
Updated · CBS New York · Jun 8
Zillow Sets Good June Mortgage Rate Below 6.50% for 30-Year Loans
3 articles · Updated · CBS New York · Jun 8
Summary
Zillow pegged a “good” June mortgage rate at under 6.50% for a 30-year loan and below 5.87% for a 15-year mortgage.
Those thresholds come after rates fell from 7.04% in January 2025 to 6.06% by mid-January 2026, then climbed again this spring, leaving no clear consensus on when borrowing costs may ease.
Borrowers can still beat the averages by raising credit scores, comparing multiple lenders and loan types, and considering discount points; shopping around has historically cut rates by about 0.5 percentage point or more.
FedWatch data shows little chance of a near-term Federal Reserve rate cut, and sticky inflation or strong employment could even push rates higher later this year, making waiting for cheaper mortgages a risky bet.