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Mortgage Rates Hover Below 7%, Projected to Drop Further

4/21/2026

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Summary

Story summary

Mortgage rates stay just below 7 percent, with Bankrate showing 6.36 percent for 30-year loans and 5.73 percent for 15-year loans.
Rates dropped below 6 percent in February and began rising in March.
Homeowners expect rates to stay lower, projecting 5.7 percent by the fourth quarter.
The Federal Reserve's rate stands at 2.4 percent.
Treasury Secretary Scott Bessent said the Fed remains cautious amid uncertainties related to the Iran war.

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Story summary

Mortgage rates stay just below 7 percent, with Bankrate showing 6.36 percent for 30-year loans and 5.73 percent for 15-year loans.
Rates dropped below 6 percent in February and began rising in March.
Homeowners expect rates to stay lower, projecting 5.7 percent by the fourth quarter.
The Federal Reserve's rate stands at 2.4 percent.
Treasury Secretary Scott Bessent said the Fed remains cautious amid uncertainties related to the Iran war.