The average rate on a 30-year fixed mortgage backed by Freddie Mac fell by 4 bps from the previous week to 6.77% as of June 26th, easing further from its highest level in nearly four months seen four weeks ago. “Borrowers should find comfort in the stability of mortgage rates, which have only fluctuated within a narrow 15-basis point range since mid-April. Although recent data show that home sales remain low, the resulting available inventory provides homebuyers with a wider range of options to consider when entering the market,” said Sam Khater, Freddie Mac’s chief economist.