US Mortgage Rates Ease Further

2026-04-23 16:17 By Andre Joaquim 1 min. read

The average rate on a 30-year fixed mortgage fell by 7bps from the previous week to 6.23% as of April 23rd, a third consecutive decrease since reaching the seven-month high of 6.46%, according to data compiled by the Freddie Mac.

The drop loosely tracked the pullback in long-dated Treasury yields as energy prices eased from their peaks in the last week of March.

“The 30-year fixed-rate mortgage declined again this week to 6.23%,” said Sam Khater, Freddie Mac’s Chief Economist.

“Rates currently stand at their lowest level in the last three spring homebuying seasons.

This improvement, coupled with a pickup in purchase applications and refinance activity, as well as an increase in monthly pending home sales, underscores signs of improving momentum in the market.”



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US Mortgage Rates Ease Further
The average rate on a 30-year fixed mortgage fell by 7bps from the previous week to 6.23% as of April 23rd, a third consecutive decrease since reaching the seven-month high of 6.46%, according to data compiled by the Freddie Mac. The drop loosely tracked the pullback in long-dated Treasury yields as energy prices eased from their peaks in the last week of March. “The 30-year fixed-rate mortgage declined again this week to 6.23%,” said Sam Khater, Freddie Mac’s Chief Economist. “Rates currently stand at their lowest level in the last three spring homebuying seasons. This improvement, coupled with a pickup in purchase applications and refinance activity, as well as an increase in monthly pending home sales, underscores signs of improving momentum in the market.”
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