Five Best Quotes from Competing Lenders

Rising inflation fears led to an increase in mortgage rates across the board according to Freddie Mac's Weekly Primary Mortgage Market Survey for the week ended June 1. At the same time the survey conducted by the Mortgage Bankers Association had a more mixed outcome.

Freddie Mac's survey placed the average rate for 30-year fixed rate mortgages at 6.67 percent, up five basis points from the previous week; fees and points were unchanged at 0.4. This is the highest level for the 30-year since the week ended June 13, 2002 when it averaged 6.71 percent. The 15-year fixed rate loan also hit a recent record level, the highest since May 24, 2003, averaging 6.26 percent with fees and points unchanged at 0.4.