Mortgage rates averaged 6.30% for the week ending April 30, according to Freddie Mac, rising from 6.23% the prior week — though still well below the 6.76% average recorded one year ago. That slight uptick hasn't dampened buyer enthusiasm. Mortgage applications to purchase a home jumped 21% compared to the same week a year ago, according to the Mortgage Bankers Association, suggesting that buyers are adjusting to the current rate environment and moving forward.
- The 30-year fixed rate rose to 6.30% and the 15-year fixed rate reached 5.64% for the week ending April 30
- MBA Chief Economist Mike Fratantoni noted that buyers appear to be moving forward this spring, taking advantage of improved inventory conditions across most of the country
- A newly released Coldwell Banker report found that one in three sellers are now willing to give up their sub-5% mortgage rate, a sign that the so-called "lock-in effect" may finally be easing
- The Federal Reserve voted to hold its benchmark rate steady at its April meeting, while mortgage rates are more directly influenced by long-term Treasury yields, which moved higher amid rising oil prices
Whether you're a first-time buyer, an investor, or a homeowner considering a move, the spring 2026 market is offering more inventory and more opportunity than buyers have seen in years. Rates may fluctuate, but the window for smart, strategic action is open right now.
👉 Read the full story here: https://www.nar.realtor/magazine/real-estate-news/mortgage-rates-rise-again-but-home-buyers-arent-backing-down
By: Staff | NAR Real Estate News | May 1, 2026
