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US mortgage rates drop again but housing stays stuck in demand slowdown
Economy
Published on 24 April 2026
Rates fall to a March low, yet buyers hesitate
US mortgage rates continued falling for the third straight week, with the 30-year fixed rate sliding to 6.23%—its lowest since mid-March. Treasury yields eased, supporting the move, but housing activity remains subdued as affordability pressures and uneven demand persist, while inflation and geopolitical risks keep volatility in play.
- 30-year fixed mortgage rate slips to 6.23% since mid-March
- Falling Treasury yields helped drive borrowing costs lower
- Housing activity stays weak despite improving rate environment
- Inflation and geopolitical risks add ongoing market volatility
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times