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30-Year Mortgage Falls to 6.23%, Applications Rise 8%

4/25/2026

26 4 Full Breakdown

Summary

Story summary

The 30-year fixed mortgage rate fell to 6.23%, the lowest since March 19.
Analysts said the decline follows easing Treasury yields, a Middle-East ceasefire and lower oil prices.
Applications rose 7.9% week-over-week, with home-purchase requests up 10% and refinance up 6%.
Affordability stays strained: Hawaii households spend about 50% of income on housing, Californians 43%, Iowa 17%.

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Story summary

The 30-year fixed mortgage rate fell to 6.23%, the lowest since March 19.
Analysts said the decline follows easing Treasury yields, a Middle-East ceasefire and lower oil prices.
Applications rose 7.9% week-over-week, with home-purchase requests up 10% and refinance up 6%.
Affordability stays strained: Hawaii households spend about 50% of income on housing, Californians 43%, Iowa 17%.