Current Mortgage Rates Average 6.12% for 30-Year Purchases
The average 30-year mortgage rate is 6.12% as of April 14, 2026. The average 15-year mortgage rate is 5.62%. For those refinancing, the average 30-year refinance rate is 6.48% and the 15-year alternative is 5.73%. These rates are higher than they were earlier in 2026. The Federal Reserve is expected to maintain a pause on interest rate cuts after pausing cuts in its first two meetings of the year. This stance is influenced by a surge in inflation readings from the Bureau of Labor Statistics. Geopolitical tensions and overseas conflicts have contributed to stock market volatility, further delaying rate reductions.
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