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Updated · CBS New York · Apr 17US Mortgage Rates Hold Steady as Market Awaits Fed Decision
53 articles · Updated · CBS New York · Apr 17
- US mortgage rates have stabilized in April 2026, with the average 30-year fixed rate at 6.12% according to multiple sources.
- Rates remain lower than a year ago, and recent declines have been supported by easing geopolitical tensions, including a US-Iran ceasefire.
- With the Federal Reserve unlikely to cut rates soon, experts advise borrowers to shop around now, as further rate drops are uncertain.
With the U.S.-Iran ceasefire ending soon, will this mortgage rate dip be short-lived? How is the fragile Mideast peace directly impacting the cost of an American home loan? What will it take for mortgage rates to permanently break below the 6% barrier? Can new housing policies improve affordability if high interest rates persist? Will the 'lock-in effect' continue to suppress housing supply despite this rate relief?