Mortgage Rates Inch Down

Rhea-AI Summary

Freddie Mac (OTCQB: FMCC) released its Primary Mortgage Market Survey for April 9, 2026, reporting the 30-year fixed-rate mortgage (FRM) averaged 6.37%, down from 6.46% a week earlier. The 15-year FRM averaged 5.74%, down from 5.77% the prior week. The PMMS covers conventional, conforming, fully amortizing purchase loans for borrowers with 20% down and excellent credit.

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MCLEAN, Va., April 09, 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 6.37%.

“Mortgage rates ticked down this week, averaging 6.37%,” said Sam Khater, Freddie Mac’s Chief Economist. “The decrease in rates represents a positive development for prospective homebuyers and could spark a more favorable spring homebuying season than last year.”

News Facts

• The 30-year FRM averaged 6.37% as of April 9, 2026, down from last week when it averaged 6.46%. A year ago at this time, the 30-year FRM averaged 6.62%.
• The 15-year FRM averaged 5.74%, down from last week when it averaged 5.77%. A year ago at this time, the 15-year FRM averaged 5.82%.

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:
Chad Wandler
703-903-2446
Chad_Wandler@FreddieMac.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cc83924d-6687-495a-b2b7-e669c836b4c5

FAQ

What did Freddie Mac (FMCC) report for the 30-year mortgage rate on April 9, 2026?

The 30-year fixed-rate mortgage averaged 6.37% as of April 9, 2026, according to Freddie Mac. This rate declined from 6.46% the prior week and stood below last year’s 6.62%, indicating a modest weekly easing in borrowing costs.

How did the 15-year mortgage rate change in Freddie Mac's April 9, 2026 PMMS (FMCC)?

The 15-year fixed-rate mortgage averaged 5.74% on April 9, 2026, according to Freddie Mac. That is a slight drop from 5.77% the previous week and a reduction versus 5.82% a year ago, showing a small downward move.

What borrowers and loan types does the Freddie Mac PMMS (FMCC) focus on?

The PMMS focuses on conventional, conforming, fully amortizing home purchase loans for borrowers making 20% down with excellent credit, according to Freddie Mac. It reflects standard purchase-mortgage pricing rather than government-backed or nonconforming loan segments.

Could Freddie Mac's April 9, 2026 rate decline (FMCC) affect spring homebuying?

A modest rate decline could improve affordability and buyer demand in spring, according to Freddie Mac. The drop from 6.46% to 6.37% for the 30-year FRM may encourage some prospective buyers, though broader market and local factors also matter.