Average US long-term mortgage rate slips to 6.23%, its third weekly drop

A House For Sale sign is displayed in front of a home in Evanston, Ill.,Wednesday, March 25, 2026. (AP Photo/Nam Y. Huh)By ALEX VEIGA – AP Business WriterUpdated April 23, 2026Share

The average long-term U.S. mortgage rate dropped for the third week in a row, easing borrowing costs for prospective homebuyers as the spring homebuying season rolls on.

The benchmark 30-year fixed rate mortgage rate fell to 6.23% from 6.3% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the rate averaged 6.81%.

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