US 30 year fixed rate mortgage 6.28% April 6 week

Freddie Mac is reporting that the 30 year fixed-rate mortgage in the week of April 6 decline to 6.28% from 6.32% in the prior week. The 15 year fixed-rate mortgages at 5.64%.

The low rate from the peak reached 6.09% during the week of February 2 for the 30 year mortgage while the 15 year mortgage reached a low yield Yield A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in the form of interest or dividends received from it.These figures do not include the price variations, which separates it from the total return. Consequently, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as Read this Term of 5.14% during the same week.

The 30 year yield is down from 6.73% during the March 9 week and the 15 year down from 5.95%.

From Freddie Mac:

Mortgage rates continue to trend down entering the traditional spring homebuying season. Unfortunately, those in the market to buy are facing a number of challenges, not the least of which is the low inventory of homes for sale, especially for aspiring first-time homebuyers.