Today’s Mortgage Rates, June 16, 2022

The most principal mortgage rates all marched higher today.

The unusual inflation in borrowing costs for fixed-rate 30-year mortgages is notable, but 15-year fixed rates also inched upward.

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At the same time, average rates for 5/1 adjustable-rate mortgages (ARM) also had an upturn.

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The averages for 30-year fixed, 15-year fixed, and 5/1 ARMs are:

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– 30-year fixed mortgage rates are averaging 5.91%

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– Today’s 20-year fixed mortgage rate is 5.94%

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– Today’s 15-year fixed mortgage rate is 5.11%

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– The average 10-year fixed-rate mortgage currently sits at 5.18%

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he average 5/1 adjustable mortgage currently sits at 4.02%

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