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Mortgage Rates Continue to Decline

April 16, 2026 / Source: Freddie Mac

MCLEAN, Va., April 16, 2026 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.30%.

“Mortgage rates declined this week to a four-week low of 6.30%,” said Sam Khater, Freddie Mac’s Chief Economist. “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.”

News Facts

  • The 30-year FRM 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 FRM 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%.

The PMMS® is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit. For more information, view our Frequently Asked Questions.