April 16, 2026

Mortgage rates declined this week to a four-week low of 6.30%. Compared to one year ago when rates were at 6.83%, this is a meaningful improvement for homebuyers during what is typically the busy spring homebuying season.

• The 30-year fixed-rate mortgage averaged 6.30% as of April 16, 2026, down from last week when it averaged 6.37%. A year ago at this time, the 30-year FRM averaged 6.83%.
• The 15-year fixed-rate mortgage averaged 5.65%, down from last week when it averaged 5.74%. A year ago at this time, the 15-year FRM averaged 6.03%.

Information provided by Freddie Mac.