06/11/2026
A mortgage rate update worth noting.
The 30-year fixed rate is at 6.30% as of April 16, 2026 — down from 6.83% a year ago (Freddie Mac PMMS). The 15-year fixed sits at 5.65%. The Federal Reserve has held its funds rate at 3.50%–3.75% at both the January and March FOMC meetings, with additional cuts still on the table for later this year.
On the Texas market side, TRERC's April 2026 Housing Insight shows active inventory at roughly 134,400 listings — up about 10% year-over-year — with homes averaging 82 days on market. Months of supply edged up to 4.8, the highest level in several years. Supply conditions continue to favor buyers.
Earlier this year, TRERC forecast the 30-year rate could reach the 5.0%–5.6% range by December and projected a modest uptick in Texas home sales overall. That was before geopolitical uncertainty shifted the picture this spring. The path to lower rates is less certain now, and TRERC notes that mortgage rate volatility and weakening consumer confidence have added new headwinds.
That said, more inventory, motivated sellers, and the directional trend in rates still make this a meaningful moment to revisit that conversation with your lender — especially if you've been watching from the sidelines.
If you have questions about what the Hill Country market looks like right now, I'm happy to talk it through.
Andrea ONeal, Broker Associate | Fore Premier Properties 📞 830.285.7001 | forepremierproperties.com
Sources: Freddie Mac PMMS, April 16, 2026; TRERC Texas Housing Insight, April 2026; TRERC 2026 Texas Real Estate Forecast, January 2026