04/29/2026
Mortgage rates fell to 6.23% for the week ending April 23, the lowest level in three spring homebuying seasons, following President Trump's announcement of an indefinite U.S.-Iran ceasefire, according to Freddie Mac. Rates are well below the 6.81% average from the same period last year. "This improvement, coupled with a pickup in purchase applications and refinance activity, underscores signs of improving momentum in the market," said Freddie Mac chief economist Sam Khater.
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