Mortgages Cool Off for Homeseekers: Mortgage Interest Rates Today for June 11, 2025

Katherine Watt is a CNET Money writer focusing on mortgages, home equity and banking. She previously wrote about personal finance for NextAdvisor. Based in New York, Katherine graduated summa cum laude from Colgate University with a bachelor's degree in English literature.

Check out CNET Money's weekly mortgage rate forecast for a more in-depth look at what’s next for Fed rate cuts, labor data and inflation.

Though forecasts outline a gradual decline in mortgage rates, the housing market is still too expensive for most prospective buyers. The average 30-year fixed rate has remained close to 7% for the last seven months, leading to cost-prohibitive monthly payments.

The average 30-year fixed mortgage interest rate is 6.88% today, a decrease of -0.03% since one week ago. The average rate for a 15-year fixed mortgage is 6 ...