Mortgage Rates Drop: 30-Year at 6.09%, 15-Year at 5.58%

As of April 26, 2026, the average interest rates for 30-year fixed mortgages fell to 6.09%, down 26 basis points from last month, yet increased by 7 basis points from last week. The 15-year fixed mortgage is now at 5.58%, 23 basis points lower than a month ago but up 6 basis points since the previous week. The average monthly payment for a $300,000 loan at a 30-year term would be approximately $1,816.05, resulting in $353,777 in total interest. The changes in rates impact borrowing costs, potentially influencing housing market activity.