Trending Now - US Mortgage Rates Dip to 6.37% After Five-week Climb

WHO:

ABC News - Freddie Mac, a mortgage buyer, reported the mortgage rates.

Yahoo Finance - Kara Ng, a senior economist at Zillow, provided a statement regarding the mortgage rates.

WHAT:

ABC News - The average long-term U.S. mortgage rate dropped to 6.37% from 6.46% last week.

ABC News - One year ago, the average mortgage rate was 6.62%.

Yahoo Finance - The average 30-year fixed-rate mortgage rate was 6.37% through April 6th, 2026.

Yahoo Finance - The 10-year Treasury yield was at 4.28% in midday trading on April 6th, 2026, down from 4.3% a week earlier.

Yahoo Finance - The 10-year Treasury yield was at 3.97% in late February 2026.

WHERE:

ABC News - The information pertains to the United States mortgage market.

WHEN:

ABC News - The mortgage rate drop was reported on April 6th, 2026.

Yahoo Finance - The mortgage rates were reported as of April 6th, 2026.

WHY:

ABC News - The drop in mortgage rates followed a five-week climb and was attributed to easing concerns about inflation due to a ceasefire with Iran.

Yahoo Finance - The U.S. entered a ceasefire with Iran this week, which eased concerns about oil prices and inflation.

HOW:

ABC News - The yield on 10-year U.S. Treasury bonds, which banks use as a guide to pricing home loans, influenced the mortgage rates.

Yahoo Finance - The mortgage rates closely track the 10-year Treasury yield.

(UPDATED April 9, 2026 23:14 UTC)

The average long-term U.S. mortgage rate has dropped to 6.37%, down from 6.46% last week, according to Freddie Mac. This decline follows a five-week climb and is attributed to easing inflation concerns due to a recent ceasefire with Iran, which also influenced the 10-year Treasury yield, now at 4.28%. One year ago, the average mortgage rate was higher at 6.62%, highlighting a significant shift in the mortgage market over the past year.