Mortgage rate forecast for June 2022: Recession worries may keep rates in check

Many factors are putting upward and downward pressure on mortgage rates, and prospective borrowers have observed a seesaw pattern in the cost to finance a home recently.

While the benchmark 30-year rate has climbed from a 5.22 percent average a month ago, it dropped slightly in late May, backing off from 5.45 percent May 18 to 5.27 percent May 25, according to Bankrate’s national survey of lenders. Continue Reading..........