The average 30-year fixed mortgage rate reached a five- month low of 6.94% for the week ended June 19, according to Freddie Mac's primary mortgage market survey.

This was down 10 basis points from the preceding week's average of 7.04% and 67 basis points from the year-earlier week.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.