Mortgage Rates Rise to 6.30% – Freddie Mac Report
The average rate for a 30-year fixed-rate mortgage increased to 6.30% as of April 30, 2026, according to the latest data from Freddie Mac. This marks a slight increase from the previous week’s average of 6.23%, but remains lower than the 6.76% recorded a year ago.
30-Year Fixed-Rate Mortgage Details
As of April 30, 2026, the 30-year fixed-rate mortgage averaged 6.30%. Freddie Mac noted that purchase demand has accelerated, with applications rising to over 20 percent above the level seen a year ago, as rates have modestly declined in recent weeks. The increase in demand is attributed to both lower rates and increased housing inventory.
15-Year Fixed-Rate Mortgage Details
The 15-year fixed-rate mortgage averaged 5.64% this week, up from 5.58% the previous week. This rate is also lower than the 5.92% average recorded during the same period last year.
Market Context and Analysis
The Primary Mortgage Market Survey® (PMMS®) results are based on mortgage rates collected from thousands of loan applications submitted to Freddie Mac through Loan Product Advisor® (LPA®) from lenders across the country. The PMMS results are released weekly on Thursdays at 12 p.m. ET, reflecting rates offered the prior Thursday through Wednesday.
Despite the recent increase, the 30-year fixed-rate mortgage remains below the level seen a year ago, suggesting a potential stabilization in the housing market. The rise in purchase applications indicates that prospective buyers are responding positively to both modest rate declines and increased inventory.
Freddie Mac Primary Mortgage Market Survey®