US Mortgage Rates Decline in the Week Ending April 23
The 30-Year Fixed-Rate Mortgage Declines Further
On Thursday, Freddie Mac released its Primary Mortgage Market Survey for the week ending Thursday, April 23.
The 30-year fixed-rate mortgage averaged 6.23%, down from 6.30% the previous week. A year ago at this time, the 30-year rate averaged 6.81%.
The 15-year fixed-rate mortgage averaged 5.58%, down from 5.65% last week. A year ago at this time, the 15-year rate averaged 5.94%.
Commenting on this week’s survey, Freddie Mac Chief Economist Sam Khater said:
“The 30-year fixed-rate mortgage declined again this week to 6.23%. Rates currently stand at their lowest level in the last three spring homebuying seasons. This improvement, coupled with a pickup in purchase applications and refinance activity, as well as an increase in monthly pending home sales, underscores signs of improving momentum in the market.”
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