Mortgage rates fell for the second straight week, averaging 6.30% as of April 16, down from 6.37% last week, easing borrowing costs during the peak homebuying season. Rates hit a one-month low amid easing geopolitical fears and a record S&P 500, as strong bank and tech earnings overshadowed Middle East tensions. Refinance activity rose, per the Mortgage Bankers Association, while purchase applications stayed subdued, remaining below year-ago levels for the second week, as buyers remained cautious amid economic uncertainty. source: Freddie Mac
30 Year Mortgage Rate in the United States decreased to 6.30 percent in April 16 from 6.37 percent in the previous week. 30 Year Mortgage Rate in the United States averaged 7.69 percent from 1971 until 2026, reaching an all time high of 18.63 percent in October of 1981 and a record low of 2.65 percent in January of 2021. This page includes a chart with historical data for the United States 30 Year Mortgage Rate. United States 30-Year Mortgage Rate - data, historical chart, forecasts and calendar of releases - was last updated on April of 2026.