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30-Year Mortgage Rates Drop Again

  • April 24th

by UrbanTurf Staff

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Mortgage rate chart_04-23-26.png

The 30-year fixed-rate mortgage continued its slide this week, hitting its lowest level in three spring homebuying seasons.

Freddie Mac reported that the rate averaged 6.23%, down from 6.3% last week and well below the 6.81% recorded a year ago. 

“Rates currently stand at their lowest level in the last three spring homebuying seasons," Freddie Mac chief economist Sam Khater said. "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.”

Looking ahead, most forecasters expect rates to drift only modestly lower for the rest of 2026. Persistent inflation, large government debt levels, and strong economic growth could keep bond yields elevated, preventing rates from falling much further. 

See other articles related to: mortgage rates

This article originally published at https://dc.urbanturf.com/articles/blog/30-year_mortgage_rates_drop_again/24560.

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