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Average US long-term mortgage rate slips to 6.23%, its third weekly drop
April 25, 2026
Posted 3 hours ago by
The average long-term U.S. mortgage rate dropped for the third week in a row, easing borrowing costs for prospective homebuyers as the spring homebuying season rolls on. The benchmark 30-year fixed rate mortgage rate fell to 6.23 from 6.3 last week, mortgage buyer Freddie Mac said Thursday. One year ago, the rate averaged 6.81. The average rate is now at its lowest level since March 19, when it was 6.22.
Meanwhile, borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also eased this week. That average rate dropped to 5.58 from 5.65 last week. A year ago, it was at 5.94, Freddie Mac said...
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