Mortgage finance company Freddie Mac (FMCC) on Thursday said mortgage rates, or interest rates on home loans, edged lower this week.
The 30-year FRM averaged 6.36% as of May 14, 2026, slightly down from last week when it averaged 6.37%. A year ago at this time, the 30-year FRM averaged 6.81%.
The 15-year FRM averaged 5.71%, slightly down from last week when it averaged 5.72%. A year ago at this time, the 15-year FRM averaged 5.92%.
"Mortgage rates ticked down this week, averaging 6.36%," said Sam Khater, Freddie Mac's Chief Economist. "While purchase demand is softening, it remains above this time last year. Recent data also shows existing-home sales modestly edging up."
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.