On June 2, 2025, Bankrate reported a 6.93% average for 30-year fixed purchase mortgages and 6.89% for 30-year fixed refinances. Zillow reported different daily averages: 6.81% for 30-year fixed and 6.02% for 15-year fixed mortgages. These are separate market benchmarks, not personalized lender offers.
What were mortgage rates on June 2, 2025?
Published daily averages varied by provider and loan category. The June 2 figures below retain each publisher’s attribution rather than treating them as one universal national rate.
| Provider and report date | Loan category | Reported average rate |
|---|---|---|
| Bankrate, reported June 2, 2025 | 30-year fixed purchase | 6.93% |
| Bankrate, reported June 2, 2025 | 30-year fixed refinance | 6.89% |
| Zillow, reported June 2, 2025 | 30-year fixed | 6.81% |
| Zillow, reported June 2, 2025 | 15-year fixed | 6.02% |
Bankrate’s June 2 report said its 30-year purchase average was down from 6.97% the prior Monday, while its refinance average was down from 6.92%. Those comparisons refer to Bankrate’s reported series, not to Zillow’s figures or to a particular borrower’s rate. Bankrate daily-rate report; Zillow daily-rate report.
Why do daily mortgage rate averages differ?
A daily average is a provider’s measurement, not a single rate offered by every lender. The June 2 reports attributed to Bankrate and Zillow publish different series and categorize loans differently. Even when two figures share a term such as 30-year fixed, they should not be merged or treated as a same-borrower quote comparison.
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These averages also do not establish an individual borrower’s rate or APR. A real offer depends on the borrower’s circumstances and the loan terms. When comparing offers, compare the same loan purpose and fixed-rate term, then examine APR, points, lender fees, and the borrower profile behind each quote. The June 2 benchmarks do not identify which lender had the best offer for a particular person.
How did June 2 compare with Freddie Mac’s weekly survey?
Freddie Mac’s Primary Mortgage Market Survey (PMMS) is weekly, so its observations provide nearby context rather than an exact daily rate for June 2. The May 29, 2025, weekly reading was reported as 6.89% for 30-year fixed and 6.03% for 15-year fixed mortgages. The next weekly release, for June 5, reported 6.85% and 5.99%, respectively. Freddie Mac PMMS archive; Freddie Mac release for June 5, 2025.
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How does the June monthly average differ?
The Federal Housing Finance Agency reported a 6.82% average for 30-year fixed mortgages for June 2025, unchanged from May. FHFA attributes that monthly series to Freddie Mac. A full-month average is a different aggregation from any provider’s reading for June 2 and should not be substituted for the day’s figures. FHFA 2Q2025 report.
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- DEDICATED BUYER QUALIFYING KEYS: Enter client's income, debt and expenses to pre-qualify them to only show properties they can afford. Include tax, insurance and mortgage insurance then compare loan options and payment solutions to give your client choices before they make an offer to buy
- FIGURE OUT THE RIGHT LOAN: For your client at the press of a button for jumbo, conventional, FHA/VA, or even 80:10:10 or 80:15:5 combo loans; check to see if ARMs or bi-weekly loans, quarterly payments or if interest-only payments are the answer; giving your client more choices; easily perform what if loan or TVM calculations find loan amount, term, interest or PITI or PI payments
- BECOME AN INVALUABLE RESOURCE: To your clients by reducing their confusion and uncertainty; ensuring they are able to make a purchase offer; knowing they can afford the down payment; and determining which is the right loan for them. Date-math for listings and contracts too. Comes with a protective slide cover, quick reference guide, pocket user's guide, and long-life battery
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What should borrowers take from this snapshot?
- Use the date and provider when citing a benchmark; there was no single definitive June 2 national rate across these reports.
- Match the loan category before comparing rates: purchase and refinance figures, and 15-year and 30-year terms, are not interchangeable.
- For a purchase or refinance decision, compare actual lender offers and their associated costs rather than relying on a market average to predict personal pricing.
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