
Best mortgage lenders of June 2023
Here is Bankrate’s guide to some of the best mortgage lenders.
Ruben Çağınalp is an associate writer for Bankrate, focusing on mortgage topics.
Mortgages, mortgage refinancing, homebuying, homebuyer assistance programs
Prior to joining Bankrate, Ruben interned as an LGBTQ+ civil rights paralegal, completed three university research fellowships and published his work in undergraduate research journals. He currently serves as a board member at the American Trans Resource Hub.
Ruben has a BA in Comparative Literature from Fordham University.
Here is Bankrate’s guide to some of the best mortgage lenders.
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The average 30-year fixed-refinance rate is 7.22 percent, up 15 basis points over the last seven days. The average for a 15-year refi is currently running at 6.66 percent, up 21 basis points since the same time last week. The average rate for a 10-year fixed-refinance loan is 6.76 percent, up 16 basis points from a week ago.
Rates on mortgage loans continue to rise: the average rate for a 30-year fixed mortgage is 7.17, the average rate for a 15-year fixed mortgage is 6.61 percent, and the average rate on a 5/1 adjustable rate mortgage is 6.00 percent.
The average 30-year fixed-refinance rate is 7.25 percent, up 13 basis points over the last seven days. The average for a 15-year refi is currently running at 6.65 percent, up 24 basis points since the same time last week. The average rate for a 10-year fixed-refinance loan is 6.76 percent, up 28 basis points over the last week.
Rates continue to rise: the average rate for a 30-year fixed mortgage is 7.19, the average rate you'll pay for a 15-year fixed mortgage is 6.61 percent, and the average rate on a 5/1 ARM is 6.00 percent.