3 ways to get a mortgage loan rate below 6% this June

MoneyWatch: Managing Your Money 3 ways to get a mortgage loan rate below 6% this June We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Angelica Leicht Angelica Leicht Senior Editor, Managing Your Money Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing roles at The Simple Dollar, Interest, HousingWire and other financial publications. Read Full Bio Angelica Leicht June 1, 2026 / 1:50 PM EDT / CBS News Add CBS News on Google Homebuyers may be able to secure better mortgage terms than the national average, even in today's landscape. Saifulasmee Chede/Getty Images For much of the last year, prospective homebuyers have been caught between two major affordability challenges: elevated home prices and stubbornly high mortgage rates. While many potential homebuyers had hoped that borrowing costs would fall more sharply this year, mortgage interest rates have remained surprisingly resilient, keeping monthly payments higher than many buyers had hoped for or anticipated.That's become especially frustrating for borrowers now that inflation is accelerating rapidly. With inflation ticking upward, the Federal Reserve is less likely to cut interest rates right now, meaning the path to lower mortgage rates could be a longer one than expected. In turn, the average 30-year mortgage rate is hovering near 6.5% this June, a level that continues to strain household budgets and purchasing power.Still, averages don't tell the whole story. Mortgage rates vary based on a range of factors, including the lender, loan type and borrower profile, meaning some homebuyers may be able to secure significantly better terms. But how exactly can they do that? Below, we'll examine...