Mortgage Rates Hold Steady;
30-Year Fixed at 6.305%

Mortgage rates were little changed this week, holding roughly flat after last week’s broad pullback. The benchmark 30-year fixed ticked up 0.009 points to 6.305%, essentially unchanged and just back over 6.30%. Four products edged up and five eased, close to a wash. The standout was FHA, which slipped under 6.00%. The 10-year Treasury held in the high-4.40% area, so mortgage pricing barely moved with it, and rates remain elevated.

📊 Full 9-product mortgage data tracked across all 50 states by MonitorBankRates.com.

NATIONAL: Mortgage rates held roughly flat for the week ending June 29, 2026, with four of the nine tracked products edging up and five easing, close to a wash a week after a broad pullback. The benchmark 30-year fixed mortgage rates ticked up 0.009 points to 6.305%, essentially unchanged and just back over the 6.30% line. The clearest move was at the bottom of the board: FHA loans slipped under 6.00%. The cross-product average eased to 6.009% from 6.019%.

The two conventional fixed products split by a hair. The 30-year fixed ticked up 0.009 points to 6.305%, and the 15-year fixed eased 0.006 points to 5.863%. The gap between them widened slightly to 0.442 points from 0.427. After dipping under 6.30% last week, the benchmark drifted right back to it, which is about as flat as a week gets.

The ARM segment was mixed and mostly quiet. The 3/1 ARM rose 0.029 points to 5.735%, its second straight gain, though it remains the thinnest pool tracked, so the move reads as noise. The 5/1 ARM eased 0.008 points to 5.811%, and the 7/1 ARM rates slipped 0.007 points to 5.946%. Because the 30-year fixed ticked up while the 5/1 ARM eased, the ARM’s discount to the benchmark widened back to 0.494 points from 0.477.

Jumbo rates pulled apart again. The 30-year jumbo rose 0.041 points to 6.378%, reclaiming a wider lead over the conforming 30-year fixed at 0.073 points, after that gap had compressed to 0.041 a week earlier. The 15-year jumbo went the other way, dropping 0.105 points to 6.005%, the largest single move on the board, which put it right at the 6.00% line. Both jumbo tiers run small reporting pools, so swings this size are as much about thin samples as about the market.

Government-backed loans moved in opposite directions, and their order flipped back. FHA loans fell 0.063 points to 5.979%, slipping under 6.00% for the first time in weeks and posting the largest decline among the broad-pool products. VA loans went the other way, up 0.020 points to 6.058%, which carried VA back above FHA after the two had briefly tied. The VA-to-FHA gap is now 0.079 points, with VA on top again.

A quick word on what these numbers are. They are national averages, drawn from rates collected directly off lender websites. The rate a borrower is actually quoted depends on the state, the lender, the loan file, and the points paid. Someone comparing Georgia mortgage rates, for instance, can see how local lenders line up against this national benchmark before locking anything in.

After easing broadly last week, rates mostly stood still, and the elevated environment is still elevated. The benchmark 30-year fixed at 6.305% drifted right back to the line it dipped under a week ago, which is about as quiet as a week gets. The shape of the curve barely changed: the 30-year jumbo reclaimed a wider lead over the conforming fixed, and VA edged back above FHA after the two briefly tied. The one real standout was FHA slipping under 6.00%. Last week’s relief did not extend, but it did not reverse either.

Mortgage rates are not set by the Fed directly. They track the 10-year Treasury yield, which held in the high-4.40% area this week, little changed after easing through mid-June as Middle East tensions cooled. With the long yield roughly flat, mortgage averages had no reason to move much, and they did not. The Fed held its benchmark on June 17, and that hawkish hold has kept the short end of the Treasury curve elevated, with the 2-year near its highest in more than a year, but the longer yield that sets mortgage pricing has stayed contained. The takeaway is the same as last week, just without the follow-through: relief depends on the 10-year easing further, and this week it sat still.

For borrowers, a flat week is neither here nor there, though FHA dropping under 6.00% is a small bright spot for buyers leaning on a low-down-payment loan. The 30-year fixed back at 6.305% leaves the affordability math about where it was, so it is still worth checking current housing affordability and running real numbers on a mortgage calculator before committing. What would actually move payments is a sustained drop in the 10-year, and this week it held its ground. Anyone watching for the next break can follow lender-by-lender changes on the national mortgage rate trends page.