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Mortgage Rates Tick Up To 6.30% But Buyer Demand Is Robust, Freddie Mac Says - Federal Home Loan (OTC:FMC
Benzinga· 2026-05-01 16:34
The average 30-year fixed-rate mortgage rose to 6.30% for the week ending April 30, 2026, up from 6.23% the prior week, Freddie Mac (OTC:FMCC) said Thursday. The 15-year fixed rate also rose, averaging 5.64%, compared with 5.58% last week. Both rates remain below year-ago levels. "As rates had modestly declined the last few weeks, purchase demand has accelerated with purchase applications rising to over 20% above a year ago," said Sam Khater, Freddie Mac's chief economist. Supply Runs Short Rates Under Pres ...