Mortgage Rates Reach Lowest Level in Three Spring Homebuying Seasons
Mortgage rates have dropped to their lowest level in the last three spring homebuying seasons, with the average 30-year mortgage rate at 6.23% as of April 23, 2026. This decline is attributed to optimism over U.S.-Iran negotiations and has led to increased home purchase and refinance applications, signaling potential market improvement.
Topics: economic trends Freddie Mac homebuying season housing market mortgage rates