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Average US long-term mortgage rate climbs to 6.46%, the highest level in nearly 7 months
Mortgage applications fell 10.4% last week as higher borrowing costs threatened to slow the spring housing market, the Mortgage Bankers Association said.
- On Thursday, Freddie Mac reported that the average rate on a conventional 30-year home loan rose to 6.46%, its highest level since September 2025.
- Rising 10-year Treasury yields have climbed as the war with Iran fuels inflation concerns, pushing borrowing costs higher in recent weeks.
- Mortgage Bankers Association data shows applications fell 10.4% last week, while prospective buyer Devan Post faces an extra $265 monthly compared to last month's rate.
- Economists with PNC Financial Services predict mortgage rates will remain elevated above 6% throughout 2026, as markets price higher expected inflation into long-term rates.
- Jake Krimmel, a senior economist at Realtor, noted that "nothing is flashing red yet" regarding whether higher rates will chill housing demand this spring.
24 Articles
24 Articles
Rising rates, global tensions slow western Washington’s spring housing market
As the spring homebuying season gets underway, a mix of rising mortgage rates, global instability, and economic uncertainty is cooling what is typically one of the busiest times of year for real estate in Western Washington. According to Freddie Mac, the average rate for a 30-year fixed mortgage climbed to 6.46% on Thursday, up from 6.38% last week. It’s another increase that is adding pressure to the market. While spring is often associated wit…
Average mortgage rate climbs to nearly 7-month high
The average long-term U.S. mortgage rate climbed for the fifth straight week, reaching its highest level in nearly seven months, another setback for home shoppers in the midst of the spring homebuying season.
Associated Press News
Average US long-term mortgage rate climbs to 6.46%, the highest level in nearly 7 months
The average long-term U.S. mortgage rate climbed for the fifth straight week, reaching its highest level in nearly seven months, another setback for home shoppers in the midst of the spring homebuying season.
Average US long-term mortgage rate climbs to 6.46%, highest level in nearly 7 months
The average long-term U.S. mortgage rate climbed for the fifth straight week, reaching its highest level in nearly seven months, another setback for home shoppers in the midst of the spring homebuying season
The 30-Year Fixed-Rate Mortgage Averages 6.46% - Federal Home Loan (OTC:FMCC)
MCLEAN, Va., April 02, 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 6.46%. "The 30-year fixed-rate mortgage edged up, averaging 6.46% this week," said Sam Khater, Freddie Mac's Chief Economist. "With spring homebuying season in full swing, aspiring buyers should remember to shop around for the best mortgage rate,…
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