Mortgage and Refinance Rates Today, June 9, 2021 | Most rates fall

Daily Mortgage blog

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Average mortgage rates were mostly lower compared to a week ago. Rates for 30-year fixed, 15-year fixed and jumbo loans decreased, while rates for adjustable rate mortgages rose.

Current average mortgage rates for home purchase
Loan term Today’s Rate Last week Change
30-year mortgage rate 3.07% 3.10% -0.03
15-year mortgage rate 2.36% 2.38% -0.02
5/1 ARM mortgage rate 3.24% 3.15% +0.09
30-year jumbo mortgage rate 3.08% 3.12% -0.04

Rates accurate as of June 9, 2021.

The rates listed here are averages based on the assumptions indicated here. Actual rates displayed within the site may vary. This story has been reviewed by in-house editor Bill McGuire. All rate data accurate as of Wednesday, June 9th, 2021 at 7:30am.

Mortgage rates for home purchase

Today’s 30-year mortgage rate eases, -0.03%

The average rate for a 30-year fixed mortgage is 3.07 percent, a decrease of 3 basis points since the same time last week. This time a month ago, the average rate on a 30-year fixed mortgage was lower, at 3.05 percent.

At the current average rate, you’ll pay a combined $425.39 per month in principal and interest for every $100k you borrow. That represents a decline of $1.63 over what it would have been last week.

How do I view personalized 30-year mortgage rates?

Use the loan widgets on this page or head to our primary rates page to see what kind of rates are available in your situation. You just need to give us a little information about your finances and where you live. With that data, Bankrate can show you real-time estimates of mortgages available to you from a number of providers.

15-year fixed mortgage moves lower,-0.02%

The average 15-year fixed-mortgage rate is 2.36 percent, down 2 basis points over the last week.

Monthly payments on a 15-year fixed mortgage at that rate will cost $660 per $100k borrowed. That may squeeze your monthly budget than a 30-year mortgage would, but it comes with some big advantages: You’ll come out several thousand dollars ahead over the life of the loan in total interest paid and build equity much more rapidly.

5/1 ARM rises, +0.09%

The average rate on a 5/1 adjustable rate mortgageis 3.24 percent, ticking up 9 basis points over the last week.

Adjustable-rate mortgages, or ARMs, are mortgage loans that come with a floating interest rate. To put it another way, the interest rate can change periodically throughout the life of the loan, unlike fixed-rate mortgages. These loan types are best for those who expect to refinance or sell before the first or second adjustment. Rates could be considerably higher when the loan first adjusts, and thereafter.

Monthly payments on a 5/1 ARM at 3.24 percent would cost about $435 for each $100,000 borrowed over the initial five years, but could ratchet higher by hundreds of dollars afterward, depending on the loan’s terms.

Jumbo mortgage rate retreats, -0.04%

The average rate for a jumbo mortgage is 3.08 percent, a decrease of 4 basis points from a week ago. This time a month ago, jumbo mortgages’ average rate was lesser, at 3.07 percent.

At today’s average jumbo rate, you’ll pay $425.93 per month in principal and interest for every $100k you borrow. Compared with last week, that’s $2.17 lower.

Rate review: How mortgage interest rates have changed this week

  • 30-year fixed mortgage rate: 3.07%, down from 3.10% last week, -0.03
  • 15-year fixed mortgage rate: 2.36%, down from 2.38% last week, -0.02
  • 5/1 ARM mortgage rate: 3.24%, up from 3.15% last week, +0.09
  • Jumbo mortgage rate: 3.08%, down from 3.12% last week, -0.04

Refinance rates

30-year fixed-rate refinance dips, –0.01%

The average 30-year fixed-refinance rate is 3.13 percent, down 1 basis point over the last seven days. A month ago, the average rate on a 30-year fixed refinance was lower, at 3.09 percent.

At the current average rate, you’ll pay $428.65 per month in principal and interest for every $100,000 you borrow. That’s $0.54 lower, compared with last week.

Are mortgage rates going up?

Throughout 2021, mortgage rates are expected to begin rising again. The National Association of Realtors expects rates to average 3.1% and the Mortgage Bankers Association (MBA) says mortgage rates will average 3.3% in 2021. These rate estimates are both up from the 3.0% mortgage rate average in 2020 but lower than 2019’s average rates. Many experts say it could be years before mortgage rates return to their pre-pandemic levels.


  • National Association of Real Estate Editors
  • Freddie Mac Federal Home Loan Mortgage Corporation

What next:

Featured lenders, June 9, 2021