diff --git a/change/@office-iss-react-native-win32-2020-04-29-23-49-30-version-fixes.json b/change/@office-iss-react-native-win32-2020-04-29-23-49-30-version-fixes.json
new file mode 100644
index 00000000000..48952bc34d8
--- /dev/null
+++ b/change/@office-iss-react-native-win32-2020-04-29-23-49-30-version-fixes.json
@@ -0,0 +1,8 @@
+{
+  "type": "prerelease",
+  "comment": "Package Fixes",
+  "packageName": "@office-iss/react-native-win32",
+  "email": "ngerlem@microsoft.com",
+  "dependentChangeType": "patch",
+  "date": "2020-04-30T06:49:27.467Z"
+}
diff --git a/change/react-native-windows-2020-04-29-23-49-30-version-fixes.json b/change/react-native-windows-2020-04-29-23-49-30-version-fixes.json
new file mode 100644
index 00000000000..d2dbe4c3b8c
--- /dev/null
+++ b/change/react-native-windows-2020-04-29-23-49-30-version-fixes.json
@@ -0,0 +1,8 @@
+{
+  "type": "prerelease",
+  "comment": "Package Fixes",
+  "packageName": "react-native-windows",
+  "email": "ngerlem@microsoft.com",
+  "dependentChangeType": "patch",
+  "date": "2020-04-30T06:49:30.516Z"
+}
diff --git a/packages/microsoft-reactnative-sampleapps/package.json b/packages/microsoft-reactnative-sampleapps/package.json
index fb7b45b6ef2..daf958c0908 100644
--- a/packages/microsoft-reactnative-sampleapps/package.json
+++ b/packages/microsoft-reactnative-sampleapps/package.json
@@ -14,7 +14,7 @@
     "windows": "react-native run-windows"
   },
   "dependencies": {
-    "react": "16.9.0",
+    "react": "16.11.0",
     "react-native": "0.62.2",
     "react-native-windows": "0.0.0-master.53"
   },
diff --git a/packages/playground/package.json b/packages/playground/package.json
index 0994c1e8902..ea364aee0dc 100644
--- a/packages/playground/package.json
+++ b/packages/playground/package.json
@@ -9,7 +9,7 @@
     "windows": "react-native run-windows"
   },
   "dependencies": {
-    "react": "16.9.0",
+    "react": "16.11.0",
     "react-native": "0.62.2",
     "react-native-windows": "0.0.0-master.53"
   },
diff --git a/packages/react-native-win32/package.json b/packages/react-native-win32/package.json
index 275c1c1d759..d77265364ff 100644
--- a/packages/react-native-win32/package.json
+++ b/packages/react-native-win32/package.json
@@ -53,16 +53,16 @@
     "flow-bin": "^0.113.0",
     "jscodeshift": "^0.6.2",
     "just-scripts": "^0.36.1",
-    "react": "16.9.0",
+    "react": "16.11.0",
     "react-native-windows-override-tools": "^0.0.1",
     "react-native": "0.62.2",
     "rimraf": "^3.0.0",
     "typescript": "^3.8.3"
   },
   "peerDependencies": {
-    "react": "16.9.0",
+    "react": "16.11.0",
     "react-dom": "16.8.6",
-    "react-native": "0.62.2"
+    "react-native": "^0.62.0-0"
   },
   "beachball": {
     "defaultNpmTag": "master",
diff --git a/vnext/package.json b/vnext/package.json
index 8335ad9665b..f8bd01054e4 100644
--- a/vnext/package.json
+++ b/vnext/package.json
@@ -60,7 +60,7 @@
   },
   "peerDependencies": {
     "react": "16.11.0",
-    "react-native": "0.62.2"
+    "react-native": "^0.62.0-0"
   },
   "beachball": {
     "defaultNpmTag": "master",
diff --git a/yarn.lock b/yarn.lock
index 79f7e21a6f4..98497fe560a 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -11606,15 +11606,6 @@ react@16.11.0:
     object-assign "^4.1.1"
     prop-types "^15.6.2"
 
-react@16.9.0:
-  version "16.9.0"
-  resolved "https://registry.yarnpkg.com/react/-/react-16.9.0.tgz#40ba2f9af13bc1a38d75dbf2f4359a5185c4f7aa"
-  integrity sha512-+7LQnFBwkiw+BobzOF6N//BdoNw0ouwmSJTEm9cglOOmsg/TMiFHZLe2sEoN5M7LgJTj9oHH0gxklfnQe66S1w==
-  dependencies:
-    loose-envify "^1.1.0"
-    object-assign "^4.1.1"
-    prop-types "^15.6.2"
-
 read-cmd-shim@^1.0.1:
   version "1.0.4"
   resolved "https://registry.yarnpkg.com/read-cmd-shim/-/read-cmd-shim-1.0.4.tgz#b4a53d43376211b45243f0072b6e603a8e37640d"