economy
Should you lock in a mortgage interest rate before the June Fed meeting?
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TL;DR
- The Federal Reserve is highly likely to keep interest rates unchanged at its June 16-17 meeting.
- Mortgage rates have increased since December 2025, averaging around 6.5% for 30-year terms.
- Qualified borrowers can still find mortgage rates under 6% with good credit and shopping around.
- Locking a rate now can prevent potential increases if the Fed hints at higher rates for longer.
- Securing a rate lock allows buyers and refinancers to move forward with their transactions.