The 30-year US mortgage rate remains steady at 6.60% as home purchase applications fall by 3.4%

(1) As of the week ending June 12, 2026, the US 30-year fixed mortgage rate (for loan amounts of $806,500 or less) remained steady at 6.60%, close to the nine-month high of 6.65% reached in May. Mortgage rates have been closely tracking Treasury yields, as an energy shock triggered by Middle East conflicts led investors to abandon expectations of a Fed rate cut, instead anticipating a possible rate hike by the end of the year. (2) Meanwhile, mortgage applications decreased by 3.8%, resuming a downward trend after a brief surge of 10.8% in the previous week. Refinancing applications declined by 4.5%, and home purchase mortgage applications dropped by 3.4%.