Freddie Mac has released its latest Primary Mortgage Market Survey, reporting that the average 30-year fixed-rate mortgage has decreased to 6.23%.
According to Freddie Mac Chief Economist Sam Khater, mortgage rates have now declined for another consecutive week, reaching their lowest level during the past three spring homebuying seasons. This drop in rates is contributing to renewed activity across the housing market, including increases in purchase applications, refinance demand, and pending home sales, all pointing toward strengthening momentum.
As of April 23, 2026, the average rate for a 30-year fixed mortgage stands at 6.23%, down from 6.30% the previous week. At the same time last year, the rate was notably higher at 6.81%.
The 15-year fixed-rate mortgage also moved lower, averaging 5.58%, compared to 5.65% the week prior. One year ago, the 15-year rate averaged 5.94%.
These figures are based on conventional, conforming, fully amortizing home purchase loans for borrowers with strong credit profiles and a 20% down payment.
For today’s buyers and homeowners, the continued decline in rates presents a meaningful opportunity. Whether you’re considering purchasing a home or exploring refinancing options, improving market conditions may help make financing more accessible and cost-effective.
At Jet Direct Mortgage, we’re committed to helping you navigate the market with confidence and find the right mortgage solution for your goals.
Experienced Chief Operating Officer with a 26 + year demonstrated history of working in the banking industry. Skilled in all aspects of the residential mortgage market . Strong business development professional with a Bachelor of Science (BS) focused in Business Administration and Management, from St. Joseph College. A direct endorsement underwriter and a licensed Mortgage Loan Originator.