Mortgage Rates Average 6.30%

Rhea-AI Summary

Freddie Mac (OTCQB: FMCC) released its Primary Mortgage Market Survey for April 30, 2026. The 30-year fixed-rate mortgage averaged 6.30%, up from 6.23% last week and down from 6.76% a year ago. The 15-year FRM averaged 5.64%, up from 5.58% last week.

Purchase applications have risen more than 20% year-over-year as modestly lower rates and increased inventory support buyer activity.

MCLEAN, Va., April 30, 2026 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey^® (PMMS^®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.30%.

“The 30-year fixed-rate mortgage averaged 6.30% this week,” said Sam Khater, Freddie Mac’s Chief Economist. “As rates had modestly declined the last few weeks, purchase demand has accelerated with purchase applications rising to over 20 percent above a year ago. It is clear that purchase demand continues to hold up as prospective buyers react to both modestly lower rates and more inventory to choose from than the last few years."

News Facts

• The 30-year FRM averaged 6.30% as of April 30, 2026, up from last week when it averaged 6.23%. A year ago at this time, the 30-year FRM averaged 6.76%.
• The 15-year FRM averaged 5.64%, up from last week when it averaged 5.58%. A year ago at this time, the 15-year FRM averaged 5.92%.

The PMMS^® is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit. For more information, view our Frequently Asked Questions.

Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability and affordability in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: Website | Consumers | X | LinkedIn | Facebook | Instagram | YouTube

MEDIA CONTACT:
Mollie Laniado
(571)382-1784
Mollie_Laniado@FreddieMac.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7ffc2faa-1ed5-4000-8a12-b0480f199c9b

FAQ

What was the 30-year fixed mortgage rate reported by Freddie Mac (FMCC) on April 30, 2026?

The 30-year fixed-rate mortgage averaged 6.30% on April 30, 2026. According to Freddie Mac, that level is up from 6.23% the prior week and lower than 6.76% a year earlier, per the PMMS release.

How did Freddie Mac (FMCC) say purchase applications changed around April 30, 2026?

Purchase applications rose to more than 20% above a year ago. According to Freddie Mac, that increase coincided with modest rate declines and greater housing inventory, boosting buyer activity compared with the prior year.

What was the 15-year fixed-rate mortgage reported by Freddie Mac (FMCC) on April 30, 2026?

The 15-year fixed-rate mortgage averaged 5.64% on April 30, 2026. According to Freddie Mac, this is up from 5.58% the prior week and down from 5.92% a year earlier in the PMMS data.

What does Freddie Mac (FMCC) say the PMMS covers and who is represented in the survey?

The PMMS focuses on conventional, conforming, fully amortizing purchase loans with 20% down and excellent credit. According to Freddie Mac, the survey tracks typical market rates for prime borrowers and standard mortgage products.

How might the April 30, 2026 Freddie Mac (FMCC) rate update affect homebuyers and mortgage markets?

Modestly lower rates and rising inventory may support buyer activity and higher purchase applications. According to Freddie Mac, the reported 6.30% thirty-year rate and increased listings contributed to stronger purchase demand year-over-year.