![](\"https:\/\/www.floridarealtors.org\/sites\/default\/files\/styles\/full_width_main_image\/public\/page\/image\/2020-02\/gettyimages-917475538.jpg?h=75193402&itok=k1gyc9vx\")
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Investors fear inflation\u00a0and mortgage rates usually rise. But investors appear to believe the Fed when it says the U.S.\u2019s current bout of inflation is only temporary.<\/span><\/span><\/p>\n<\/div>\n NEW YORK \u2013 The 30-year fixed-rate mortgage averaged 2.96% for the week ending June 10, according to Freddie Mac\u2019s weekly report \u2013 down three basis points from the previous week. <\/span><\/span><\/p>\n The 15-year fixed-rate mortgage fell four basis points to an average of 2.23%. The five-year Treasury-indexed adjustable-rate mortgage averaged 2.55%, down nine basis points from the prior week.<\/span><\/span><\/p>\n Mortgage rates usually move roughly in tandem with long-term bond yields, including the 10-year Treasury, and the past week was not an exception. However, it\u2019s not common to see inflation rising without stocks falling at the same time.<\/span><\/span><\/p>\n \u201cThe Freddie Mac fixed rate for a 30-year loan dropped along with the 10-year Treasury yield this week, as investors seem to accept the Federal Reserve\u2019s view that the current inflation is temporary, and a patient monetary response continues to be warranted,\u201d says Realtor.com chief economist Danielle Hale. \u201cHousing bubble and crash worries are common, even showing up in a record-low share of people saying it\u2019s a good time to buy a home.\u201d<\/span><\/span><\/p>\n\n