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The 30-year mortgage rate averaged 6.48% as of the week ending June 4, 2026, according to Freddie Mac data, up from a recent low of 6% in February. For anyone hoping that Federal Reserve rate cuts would bring meaningful relief, that trajectory is a hard reality to absorb. The frustration is understandable. The Fed cut […] The post Mortgage rates won’t budge and here’s the reason why appeared first on Rolling Out .