The 30-year fixed-rate mortgage declined again this week, falling to 6.23%, its lowest level during the past three spring homebuying seasons. This continued improvement, along with rising purchase applications, increased refinance activity, and a lift in pending home sales, points to strengthening momentum across the housing market.
As of April 23, 2026, the 30-year fixed-rate mortgage averaged 6.23%, down from 6.30% the previous week and well below the 6.81% average from one year ago. Meanwhile, the 15-year fixed-rate mortgage dropped to 5.58%, compared to 5.65% last week and 5.94% at the same time last year.
