Mortgage Rates Drop but Homebuyers Stay on Sidelines

U.S. mortgage rates dropped from a nine-month high this week. The dip hasn’t sparked much buyer activity, though, so the spring market has slightly lower rates but demand remains slow.

OTC:FMCC · Real Estate
Mortgage Rates Fall Again, Homebuyers Return — but Bay Area Prices Stay Above $2 Million

Mortgage Rates Fall Again, Homebuyers Return — but Bay Area Prices Stay Above $2 Million

Mortgage rates in the U.S. slipped for another week, prompting a comeback from homebuyers: loan applications for purchases jumped roughly 10% just as the spring selling period hits its stride. Freddie Mac pegged the 30-year fixed at 6.30%, a notch down from last week's 6.37%. CNBC, referencing Mortgage Bankers Association figures, put the average rate for the standard 30-year loan at 6.35%, compared with 6.42% before.
23 April 2026
·
Follow on Google News
Add as preferred source Open in Google News