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Home/Briefs/mortgage rates

BriefApril 9, 2026 · 07:27 PM

Lower Mortgage Rates May Spark a More Favorable Spring Homebuying Season

Prospective homebuyers may see a more favorable spring homebuying season than last year. This shift is driven by a decrease in mortgage rates, which Freddie Mac chief economist Sam Khater says represents a positive development for buyers. The average 30-year fixed-rate mortgage fell to 6.37% this week, down 0.09% from 6.46% last week. The average 15-year fixed-rate mortgage fell to 5.74% on average, down from 5.77% last Thursday. These rates are a result of falling Treasury rates following a ceasefire in Iran.

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