For the week ending April 13, 30-year rates fell one tick to 6.27% from 6.28% the week before.

Rates were stable to slightly lower in the past week, with not much of a reaction to recent favorable inflation data. For the week ending April 13, 30-year rates fell one tick to 6.27% from 6.28% the week before. In addition, 15-year loans decreased slightly to 5.54%. A year ago, 30-year fixed rates averaged 5.00%, more than 1.0% lower than today. Attributed to Sam Khater, Chief Economist, Freddie Mac, “Mortgage rates decreased for the fifth consecutive week. Incoming data suggest inflation remains well above the desired level but showing signs of deceleration. These trends, coupled with tight labor markets, are creating increased optimism among prospective homebuyers as the housing market hits its peak in the spring and summer.”

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 14, 2023