financetom
Economy
financetom
/
Economy
/
US fixed 30-year mortgage rate drops to 6.23%
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US fixed 30-year mortgage rate drops to 6.23%
Apr 23, 2026 9:33 AM

WASHINGTON, April 23 (Reuters) - The average rate on the popular U.S. 30-year fixed-rate mortgage fell this week, though further declines are likely to be limited by uncertainty surrounding a fragile ceasefire between Washington and Iran.

The 30-year fixed mortgage rate averaged 6.23%, down from 6.30% last week, mortgage finance agency Freddie Mac said on Thursday. It averaged 5.98% just before the U.S. and Israel attacked Iran at the end of February as Freddie Mac and Fannie Mae expanded purchases of mortgage-backed securities. 

The rate shot up to an average of 6.46% at the beginning of April. Mortgage rates track U.S. Treasuries, which have largely been range-bound amid lingering uncertainty over the truce. 

Trump on Tuesday indefinitely extended the ceasefire with Iran, though a U.S. Navy blockade of Iranian ports remained in effect. On Thursday, Trump said he had ordered the U.S. Navy "to shoot and kill any boat" that is laying mines in the Strait of Hormuz, lifting global oil prices.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Factbox-US government shutdown: How it affects key economic data publishing
Factbox-US government shutdown: How it affects key economic data publishing
Oct 21, 2025
(Reuters) - The U.S. government shut down much of its operations on October 1 after Republicans and Democrats failed to reach an agreement to extend funding past the end of the federal fiscal year on September 30. The closure has shut off the flow of key economic data at a moment of uncertainty among policymakers and investors about the health...
Factbox-US government shutdown: How it affects key economic data publishing
Factbox-US government shutdown: How it affects key economic data publishing
Oct 21, 2025
(Reuters) - The U.S. government shut down much of its operations on October 1 after Republicans and Democrats failed to reach an agreement to extend funding past the end of the federal fiscal year on September 30. The closure has shut off the flow of key economic data at a moment of uncertainty among policymakers and investors about the health...
Daily Roundup of Key US Economic Data for Oct. 21
Daily Roundup of Key US Economic Data for Oct. 21
Oct 21, 2025
02:30 PM EDT, 10/21/2025 (MT Newswires) -- The Philadelphia Federal Reserve's services reading fell to minus 22.2 in October from minus 12.3 in September, in line with the New York Fed's report that also showed more widespread contraction. Redbook reported that US same-store retail sales were up 5.0% year-over-year in the week ended Oct. 18, slower than a 5.9% gain...
US Dollar Rises Early Wednesday Ahead of Crude Oil Stocks
US Dollar Rises Early Wednesday Ahead of Crude Oil Stocks
Oct 22, 2025
07:47 AM EDT, 10/22/2025 (MT Newswires) -- The US dollar rose against its major trading partners early Wednesday, except for a decline versus the yen, ahead of a quiet day that includes only weekly petroleum stocks inventory data at 10:30 am ET and an appearance by Federal Reserve Governor Michael Barr at 4:00 pm ET. Barr is not expected to...
Copyright 2023-2026 - www.financetom.com All Rights Reserved