OTCQX:FMCC 16 March 2026 - 5 June 2026

Mortgage rates in the U.S. slipped this week from a nine-month peak, but the lower rates didn't drive a big jump in demand. The spring housing market remains stuck, with cheaper homes on offer but borrowing costs still keeping plenty of buyers out.

Mortgage rates in the U.S. slipped on Thursday, snapping a five-week streak of increases and offering homebuyers a little relief after rates pushed higher through March. According to Freddie Mac, the average 30-year fixed dropped by 9 basis points to 6.37%. The 15-year fixed rate also ticked down, landing at 5.74%.