Published April 2, 2026, 12:06 p.m. EDT
The average rate on the benchmark 30-year fixed mortgage rose to 6.46%, according to Freddie Mac Mortgage Rates rose this week as the conflict in Iran continues to weigh on markets, mortgage buyer Freddie Mac said Thursday.
Freddie Mac’s latest survey of the primary mortgage market, released Thursday, showed the benchmark’s average rate. Fixed mortgage over 30 years climbed to 6.46% from last week’s reading of 6.38%.
The average rate for a 30-year loan was 6.64% a year ago.
A real estate agent shows a new location to potential buyers. (Getty Images)
“As the spring home-buying season gets into full swing, prospective buyers should consider shopping around for the best mortgage rate because they can potentially save thousands of dollars by getting multiple quotes,” said Sam Khater, chief economist at Freddie Mac.
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The average rate on a Fixed mortgage over 15 years rose to 5.77% from last week’s reading of 5.75%.
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Home for sale in Evesham Township, NJ on February 26, 2023. (Fox News)
Mortgage rates are affected by several factors, including Federal Reserve and geopolitics. Although mortgage rates are not directly affected by the Fed’s interest rate decisions, they closely track the 10-year Treasury yield. The 10-year yield was hovering around 4.3% Thursday afternoon.
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