×

US fixed 30-year mortgage rate drops to 6.23%

By Thomson Reuters Apr 23, 2026 | 11:20 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.

(Reporting By ​Lucia Mutikani)