Should you lock in a mortgage interest rate before the June Fed meeting? With a near certainty that the Federal Reserve will maintain current interest rates at their upcoming June meeting, many are considering locking in mortgage rates. Locking in a rate now, especially if you can secure one below 6%, could be advantageous as rates may rise even without a formal Fed hike. This move allows buyers and refinancers to proceed with their plans without further stress or potential financial loss.

• The Federal Reserve is highly likely to keep interest rates unchanged at its June 16-17 meeting.
• Mortgage rates have increased since December 2025, averaging around 6.5% for 30-year terms.
• Qualified borrowers can still find mortgage rates under 6% with good credit and shopping around.
• Locking a rate now can prevent potential increases if the Fed hints at higher rates for longer.
• Securing a rate lock allows buyers and refinancers to move forward with their transactions.