Updated May 2026 · Freddie Mac
Rates Indicator
30-Year Fixed Mortgage Rate
30-Year Fixed Mortgage Rate is a interest rate and yield indicator central to monetary policy and corporate borrowing sourced from Freddie Mac, updated weekly. Next release: 2026-04-10.
Historical Trend
| Date | Value |
|---|---|
| 2026-04-03 | 6.6% |
| 2026-03-27 | 6.7% |
| 2026-03-06 | 6.7% |
| 2026-02-06 | 6.9% |
| 2026-01-30 | 7.0% |
| 2026-01-02 | 6.9% |
| 2025-12-05 | 6.7% |
| 2025-11-06 | 6.8% |
| 2025-10-02 | 6.1% |
Reading the Current Print
At 6.6%, the current reading sits in the lower portion of the recent historical range for this series. That is depressed relative to recent norms; the question for an operator is whether the soft reading reflects a near-term cyclical low or the start of a more persistent shift.
Mortgage Rate held essentially flat at 6.6% since the prior weekly release. Steady readings are diagnostically useful as a baseline against which the next release can be judged — and as evidence the underlying drivers are not yet shifting.
Weekly publication makes this one of the more timely cyclical signals available. Smooth the data with a four-week moving average to filter out single-week noise; major reversals usually show up as several consecutive weekly prints in the new direction.
What This Means for Business
At 6.64%, mortgage rates remain well above the sub-3% pandemic-era lows, creating a 'lock-in effect' where existing homeowners refuse to sell (and give up their low rate). For executives in real estate, construction, and financial services, elevated rates mean suppressed transaction volumes and reduced housing affordability. Consumer spending on housing-related goods (furniture, appliances, renovation) is also affected.
For deeper context on how Mortgage Rate fits into the broader macro picture, see the learn library; for live cross-checks against related series, browse the full indicators dashboard; for tools that translate the reading into business outputs (DCF discount rates, runway projections), see the calculators page. Authoritative external context is available at the Federal Reserve’s FRED database, the U.S. Bureau of Labor Statistics, and the SEC EDGAR system for company-level filings.
About Mortgage Rate
The 30-year fixed mortgage rate is the average interest rate charged on a conventional 30-year home loan. It is the most common mortgage product in the U.S. and is closely tied to the 10-year Treasury yield.
Methodology
Freddie Mac surveys lenders weekly to compile the Primary Mortgage Market Survey. The rate reflects the average offered rate for a conforming 30-year fixed loan with 20% down payment to a borrower with strong credit. Actual rates vary based on creditworthiness, down payment, and loan size.
The series is published by Freddie Mac under series identifier MORTGAGE30US. ExecBolt does not estimate, model, or interpolate this value — every reading on this page is pulled directly from the publishing agency’s primary release. For full sourcing and citation guidance, see the methodology page.
Related Indicators
Frequently Asked Questions
What is 30-Year Fixed Mortgage Rate right now?
30-Year Fixed Mortgage Rate is currently 6.6%, flat -0.0% from the previous weekly reading. Source: Freddie Mac, series MORTGAGE30US, last updated 2026-04-03.
How is Mortgage Rate calculated?
Freddie Mac surveys lenders weekly to compile the Primary Mortgage Market Survey. The rate reflects the average offered rate for a conforming 30-year fixed loan with 20% down payment to a borrower with strong credit. Actual rates vary based on creditworthiness, down payment, and loan size.
Where can I verify this number?
30-Year Fixed Mortgage Rate is published by Freddie Mac. The primary release is available at https://www.freddiemac.com/pmms; the Federal Reserve's FRED database hosts the historical series and provides API access for programmatic verification.
Will mortgage rates go back to 3%?
It is extremely unlikely that mortgage rates will return to the 2-3% range seen in 2020-2021. Those rates were the result of extraordinary pandemic-era monetary policy (near-zero fed funds rate and massive Fed bond purchases). The historical average for 30-year mortgages is approximately 7-8%. Current rates around 6.5-7% are historically normal, though they feel high compared to the recent anomaly.
How much does a 1% change in mortgage rate affect affordability?
A 1 percentage point increase in the mortgage rate reduces purchasing power by approximately 10-12%. For example, a buyer who qualifies for a $500,000 home at 6% would only qualify for roughly $440,000-$450,000 at 7%, assuming the same monthly payment. This has a massive impact on housing demand.