30-Year Mortgage Rate Falls to 6.44% on June 29, Down 4 Basis Points

According to the Mortgage Research Center, the average 30-year fixed mortgage rate fell to 6.44% on Monday, June 29, down 0.04 percentage points from 6.48% the previous week. At this rate, a borrower financing a $100,000 mortgage would pay approximately $628 per month in principal and interest. The 15-year fixed mortgage rate also declined to 5.65%, down 0.04 percentage points, with monthly payments of about $825 per $100,000 borrowed. Rates have remained relatively stable throughout 2026 as the Federal Reserve maintains its benchmark rate in the range of 3.50% to 3.75%.
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