The 30-Year Fixed-Rate Mortgage Declines Further

Posted on by
April 23, 2026

The 30-year fixed-rate mortgage declined again this week to 6.23%. 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.

  • The 30-year fixed-rate mortgage 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 fixed-rate mortgage 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%.

Information provided by Freddie Mac.

Weekly Market Report

Posted on by
For Week Ending April 11, 2026

44.6% of mortgaged residential properties in the U.S. were considered equity-rich—defined as having a loan-to-value ratio of 50% or lower—in the fourth quarter of 2025, according to ATTOM’s Q4 2025 U.S. Home Equity and Underwater Report. That represents a slight decline from the third quarter of 2025, when 46.1% of properties met that threshold. Among states, Vermont had the highest share of equity-rich homes at 87%, followed by New Hampshire at 60.2%, and Rhode Island at 59.4%.

In the Twin Cities region, for the week ending April 11:

  • New Listings increased 11.4% to 1,733
  • Pending Sales decreased 7.0% to 989
  • Inventory increased 5.8% to 8,910

For the month of March:

  • Median Sales Price remained flat at $380,000
  • Days on Market increased 5.1% to 62
  • Percent of Original List Price Received decreased 0.5% to 98.5%
  • Months Supply of Homes For Sale increased 4.5% to 2.3

All comparisons are to 2025

Click here for the full Weekly Market Activity Report. From MAAR Market Data News.