US fixed 30-year mortgage rate drops to 6.23%

Reuters

Thu, April 23, 2026 astatine 11:20 AM CDT 1 min read

WASHINGTON, April 23 (Reuters) - The mean complaint connected the fashionable U.S. 30-year ‌fixed-rate owe fell this week, though ‌further declines are apt to beryllium constricted by ​uncertainty surrounding a fragile ceasefire betwixt Washington and Iran.

The 30-year fixed owe complaint averaged 6.23%, down from 6.30% past week, owe ‌finance bureau ⁠Freddie Mac said connected Thursday. It averaged 5.98% conscionable earlier the ⁠U.S. and Israel attacked Iran astatine the extremity of February arsenic Freddie Mac and ​Fannie Mae ​expanded purchases of ​mortgage-backed securities.

The complaint ‌shot up to an mean of 6.46% astatine the opening of April. Mortgage rates way U.S. Treasuries, which person mostly been range-bound amid lingering uncertainty implicit the ‌truce.

Trump connected Tuesday indefinitely ​extended the ceasefire with ​Iran, though ​a U.S. Navy blockade of ‌Iranian ports remained successful ​effect. On ​Thursday, Trump said helium had ordered the U.S. Navy "to sprout and termination immoderate ​boat" that ‌is laying mines successful the Strait ​of Hormuz, lifting planetary lipid ​prices.

(Reporting By Lucia Mutikani)