Mortgage Rates Continue to Decline

Rhea-AI Summary

Freddie Mac (OTCQB: FMCC) reported its Primary Mortgage Market Survey results for April 16, 2026: the 30-year fixed-rate mortgage averaged 6.30% and the 15-year averaged 5.65%. Rates moved down modestly from last week and remain below levels from one year earlier.

The PMMS tracks conventional, conforming, fully amortizing purchase loans for borrowers with 20% down and excellent credit; the data reflect weekly national averages.

News Market Reaction – FMCC

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-4.99% News Effect

On the day this news was published, FMCC declined 4.99%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

MCLEAN, Va., April 16, 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%.

“Mortgage rates declined this week to a four-week low of 6.30%,” said Sam Khater, Freddie Mac’s Chief Economist. “Compared to one year ago when rates were at 6.83%, this is a meaningful improvement for homebuyers during what is typically the busy spring homebuying season.”

News Facts

• The 30-year FRM averaged 6.30% as of April 16, 2026, down from last week when it averaged 6.37%. A year ago at this time, the 30-year FRM averaged 6.83%.
• The 15-year FRM averaged 5.65%, down from last week when it averaged 5.74%. A year ago at this time, the 15-year FRM averaged 6.03%.

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/ac0eecd5-b0bc-47dc-be6f-03eeb080590a

FAQ

What did Freddie Mac (FMCC) report for the 30-year mortgage rate on April 16, 2026?

The 30-year fixed-rate mortgage averaged 6.30% on April 16, 2026, a week-over-week decline. According to Freddie Mac, that is down from 6.37% last week and below last year’s 6.83% level, improving conditions for some homebuyers.

How did the 15-year mortgage rate change in Freddie Mac’s April 16, 2026 PMMS?

The 15-year fixed-rate mortgage averaged 5.65% on April 16, 2026, slightly lower than last week. According to Freddie Mac, this compares with 5.74% last week and 6.03% a year ago, offering reduced rates for shorter-term loans.

What does Freddie Mac’s PMMS measure and who is included in the April 16, 2026 report?

The PMMS measures conventional, conforming, fully amortizing purchase-loan rates for borrowers with 20% down and excellent credit. According to Freddie Mac, the April 16, 2026 report reflects national weekly averages for those loan types.

Is the April 16, 2026 decline in mortgage rates significant for homebuyers?

The decline to 6.30% for 30-year FRM is modest but favorable for buyers during spring. According to Freddie Mac, rates fell from 6.37% the prior week and are lower than last year, potentially easing borrowing costs slightly.

Where can investors and consumers find more details on Freddie Mac’s April 16, 2026 PMMS data?

Full PMMS details and FAQs are available on Freddie Mac’s website and investor channels. According to Freddie Mac, supplemental tables and methodology accompany the April 16, 2026 survey for deeper analysis.

How do Freddie Mac’s April 16, 2026 mortgage rates compare to one year earlier?

On April 16, 2026 the 30-year FRM at 6.30% and 15-year at 5.65% are both lower than a year ago. According to Freddie Mac, one year prior the 30-year averaged 6.83% and the 15-year averaged 6.03%.