After surging 77 basis points in the previous three weeks, 30-year fixed mortgage rates finally eased off by 21 basis points to 5.38% with an average 0.7 point for the week ending June 18, Freddie Mac reported today.

This places the no-point rate in the mid 5.5% area.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.