A 30-year, fixed-rate mortgage averaged 4.87% last month, according to data released today by the Federal Housing Finance Agency.
This rate, on loans of $417,000 or less, represents a drop of 18 basis points. The average interest rate on 15-year, fixed-rate loans of $417,000 or less decreased three basis points to 4.75% in April.
The average loan-to-price ratio in April was 75.1%, up from 74.7% in March. The average loan amount increased by $7,100 to $217,000 in April.
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
