The average contract rate on a 30-year fixed-rate mortgage rose by 25 basis points to 5.65% in the week ended June 10th, the highest level since late 2008. Mortgage rates followed Treasury yields up in response to higher-than-expected inflation and anticipation that the Federal Reserve will need to raise rates at a faster pace, said Joel Kan, an MBA economist. Mortgage Rate in the United States averaged 6 percent from 1990 until 2022, reaching an all time high of 10.56 percent in April of 1990 and a record low of 2.85 percent in December of 2020. This page provides the latest reported value for - United States MBA 30-Yr Mortgage Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.