The deficit climbing by $3.4 trillion is keeping your mortgage rate at 6.48% — not the Fed
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U.S. homebuyers can’t get a break.
The 30-year mortgage rate has been stuck at recent highs well above 6% and now averages 6.48%, according to the data released on June 4, 2026, by Freddie Mac, which bundles and sells home loans. That marks another blow for Americans hoping to buy a home or refinance their current mortgage that had been locked in at similarly steep rates. It’s also a sharp jump since February 2026, when the financing cost of a 30-year mortgage had dropped as low as 6%.
Pri
The 30-year mortgage rate has been stuck at recent highs well above 6% and now averages 6.48%, according to the data released on June 4, 2026, by Freddie Mac, which bundles and sells home loans. That marks another blow for Americans hoping to buy a home or refinance their current mortgage that had been locked in at similarly steep rates. It’s also a sharp jump since February 2026, when the financing cost of a 30-year mortgage had dropped as low as 6%.
Pri
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