What are today's mortgage interest rates: April 23, 2026?
Summary
Mortgage interest rates have recently dropped below 6% for 30-year loans after rising in March 2026. As of April 23, 2026, the average rates are around 6.12% for 30-year mortgages and 5.50% for 15-year mortgages, making it a potentially good time for buyers and homeowners to consider new loans or refinancing.Key Facts
- At the end of March 2026, the average 30-year mortgage rate was 6.37%, rising from 5.75% earlier that month.
- By April 23, 2026, the average 30-year mortgage rate fell to 6.12%.
- The average 15-year mortgage purchase rate on April 23, 2026, was 5.50%.
- The average refinance rate for a 30-year mortgage was 6.47% on April 23, and 5.58% for 15-year refinances.
- Shopping around and comparing lenders can often get borrowers rates about 0.5% lower than average.
- Borrowers may want to lock in rates now to avoid future increases and gain budget certainty.
- Closing costs can reduce refinance savings, so homeowners should consider if refinancing makes financial sense based on their plans.
- Alternative loan terms, like 20-year refinances, might offer lower rates with quicker payoff options.
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