For the week ending April 6, 30-year rates fell to 6.28% from 6.32% the week before.

Rates eased a bit in the past week, as questions about the banking sector continued to raise more questions about how the economy might fare in light of recent events. For the week ending April 6, 30-year rates fell to 6.28% from 6.32% the week before. In addition, 15-year loans rose to 5.64%. A year ago, 30-year fixed rates averaged 4.76%, more than 1.5% lower than today. Attributed to Sam Khater, Chief Economist, Freddie Mac, “Mortgage rates continue to trend down entering the traditional spring homebuying season. Unfortunately, those in the market to buy are facing a number of challenges, not the least of which is the low inventory of homes for sale, especially for aspiring first-time homebuyers.”

Note: Rates indicated do not include fees and points and are provided for evidence of trends only. They should not be used for comparison purposes.

Current Indices for Adjustable Rates
Updated April 7, 2023