Mortgage Rates Average 6.12% as Volatility Ticks Up 30-Year Terms
TL
Taylor Livingston
Fed interest rate decision · Apr 9, 2026
Source: DojiDoji Data Terminal
A 30-year mortgage now averages 6.12% as of April 9, 2026, while the median 15-year term is 5.62%. These rates have ticked up in response to market volatility.
Refinance rates follow a similar pattern, with a 30-year loan averaging 6.66% and a 15-year term averaging 5.68%. For homeowners who locked in rates of 7% or higher in 2023 and 2024, these current averages provide a path to savings.
Fed interest rate decision
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