Mortgage rates, or interest rates on home loans, dropped from last week, according to mortgage provider Freddie Mac (FMCC.OB).
The 30-year FRM averaged 6.37% as of April 9, 2026, down from last week when it averaged 6.46%. A year ago at this time, the 30-year FRM averaged 6.62%.
The 15-year FRM averaged 5.74%, down from last week when it averaged 5.77%. A year ago at this time, the 15-year FRM averaged 5.82%.
"Mortgage rates ticked down this week, averaging 6.37%," said Sam Khater, Freddie Mac's Chief Economist. "The decrease in rates represents a positive development for prospective homebuyers and could spark a more favorable spring homebuying season than last year."
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.