The 30-Year Fixed-Rate Mortgage Declines Further

Rhea-AI Summary

Freddie Mac (OTCQB: FMCC) reported its Primary Mortgage Market Survey results for April 23, 2026, showing the 30-year fixed-rate mortgage averaged 6.23%. The 30-year rate fell from 6.30% the prior week and was 6.81% a year earlier. The 15-year FRM averaged 5.58%, down from 5.65% weekly and 5.94% a year ago. Freddie Mac noted higher purchase applications, increased refinance activity and a rise in monthly pending home sales, which it described as signs of improving market momentum. The PMMS focuses on conventional, conforming, fully amortizing purchase loans for borrowers with 20% down and excellent credit.

Positive

• 30-year FRM at 6.23% (down from 6.30% week-over-week)
• 30-year FRM lower than 6.81% one year earlier
• 15-year FRM at 5.58% (down from 5.65% week-over-week)
• Freddie Mac reports pickup in purchase applications and refinance activity

Negative

• None.

News Market Reaction – FMCC

-8.60%

1 alert

-8.60% News Effect

On the day this news was published, FMCC declined 8.60%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

MCLEAN, Va., April 23, 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 6.23%.

“The 30-year fixed-rate mortgage declined again this week to 6.23%,” said Sam Khater, Freddie Mac’s Chief Economist. “Rates currently stand at their lowest level in the last three spring homebuying seasons. This improvement, coupled with a pickup in purchase applications and refinance activity, as well as an increase in monthly pending home sales, underscores signs of improving momentum in the market.”

News Facts

• The 30-year FRM averaged 6.23% as of April 23, 2026, down from last week when it averaged 6.30%. A year ago at this time, the 30-year FRM averaged 6.81%.
• The 15-year FRM averaged 5.58%, down from last week when it averaged 5.65%. A year ago at this time, the 15-year FRM averaged 5.94%.

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/a624e0cf-f69f-462b-ae9e-b04b39c497a8

FAQ

What is the 30-year fixed mortgage rate reported by Freddie Mac (FMCC) on April 23, 2026?

The 30-year fixed-rate mortgage averaged 6.23% on April 23, 2026. According to Freddie Mac, this is down from 6.30% the prior week and below last year's 6.81% average.

How did the 15-year fixed-rate mortgage change in Freddie Mac's April 23, 2026 PMMS (FMCC)?

The 15-year FRM averaged 5.58% on April 23, 2026. According to Freddie Mac, that rate declined from 5.65% the previous week and from 5.94% a year earlier.

Did Freddie Mac (FMCC) report any signs of housing market momentum on April 23, 2026?

Yes. Freddie Mac reported a pickup in purchase applications, increased refinance activity, and a rise in monthly pending home sales. According to Freddie Mac, these metrics indicate improving momentum in the market.

What borrower profile does Freddie Mac's PMMS (FMCC) focus on for its reported mortgage rates?

The PMMS focuses on conventional, conforming, fully amortizing purchase loans for borrowers with 20% down and excellent credit. According to Freddie Mac, the survey reflects that specific borrower profile.

How do weekly and year-ago comparisons of Freddie Mac rates (FMCC) help investors interpret trends?

Weekly and year-ago comparisons show short- and medium-term direction in rates without forecasting. According to Freddie Mac, the April 23 data shows a week-over-week decline and a lower rate versus one year earlier.