Mortgage Rates Hold Steady Amid Oil Drop and Treasury Yield Decline | Today, April 27, 2026

Today’s mortgage rates

The 10-year Treasury yield came in at 4.32% on Monday, down 1.5 basis points from 4.335%, a modest easing in the market pressure that helps shape mortgage pricing. Freddie Mac’s average 30-year fixed rate most recently came in at 6.23%, so today’s Treasury move is supportive for borrowers, but not decisive on its own.

The bigger cross-market move came from oil: WTI crude fell $17.68 to $94.93 a barrel. That drop could cool some inflation anxiety even as gold rose $50.7 to $4,726.8 and CNN’s Fear & Greed Index jumped to 66 from 22.6, a split signal that leaves rates sensitive to the next headline.

That next headline is likely to come from the Fed, with reports saying policymakers are expected to stand pat this week while uncertainty tied to the Iran conflict keeps markets on edge. After the Fed, borrowers should watch Consumer Confidence at 10 a.m. ET on Tuesday, then Wednesday’s Durable Goods Orders and Housing Starts and Permits at 8:30 a.m. ET, because those releases could do more than today’s modest Treasury dip to move mortgage rates.

Although rates have elevated from recent lows, see if refinancing makes sense or tapping home equity is prudent. For home buyers, explore expert advice for 2026 and check if you qualify for financial assistance programs or more flexible loan options.

Current mortgage and refinance rates

>Related: 7 Tips to get the best refinance rate

30-year fixed rate mortgage

At the time this was published, the average 30-year fixed mortgage rate reached 6.329%.

The average 30-year fixed rate mortgage (FRM) hit a record weekly low of 2.65% on Jan. 7, 2021, and a record weekly high of 8.89% on Dec. 16, 1994, according to Freddie Mac.

A 30-year FRM gives borrowers an affordable option but you pay more interest over the life of the loan compared to shorter mortgages.

15-year fixed rate mortgage

Today, the average 15-year fixed mortgage rate went to 5.684%.

The average 15-year FRM hit a record weekly low of 2.1% on July 29, 2021, and a record weekly high of 18.63% on Sep. 10, 1981, according to Freddie Mac.

The 15-year FRM offers borrowers a briefer term with less accrued interest, but the monthly payments will be much higher.

5/1 adjustable-rate mortgage

This morning’s 5/1 adjustable rate mortgage averaged 5.561%.

Adjustable-rate mortgages (ARMs) typically have lower initial interest rates compared to fixed loans. Once that initial period ends, the interest rate adjusts to the current market conditions. In this case, the initial period is five years and the adjustments are up to once every year. Homeowners with shorter term lending plans tend to see these as advantageous.

What experts are expecting

Ralph DiBugnara, president at Home Qualified

“I expect rates to stay in a relatively similar range as where they ended in March, likely hovering in the low-to-mid 6% range. Current global uncertainty and inflation data will keep volatility in play. Also any rate cuts at all by the Fed may be in jeopardy now so that will keep markets frozen some. Unless we get a clear cooling signal from the Fed, don’t expect a drop. The 30-year fixed should average around 6.25% with the 15 year fixed at 5.875%“

Market data affecting today’s mortgage rates

Here’s a snapshot of the state of play as this article was published. The data mostly compares to roughly the same time the business day before, so much of the movement will often have happened in the previous session.

• The yield on 10-year Treasury notes decreased to 4.32% from 4.335% (Good for mortgage rates). Mortgage rates often follow these Treasury bond yields.
• Major stock indexes were mixed this morning. (Mixed for mortgage rates.) When investors sell shares and move into bonds, bond purchases can push prices up and yields down, potentially easing mortgage rates.
• Oil prices decreased to $94.93 from $112.61 a barrel. (Good for mortgage rates.*)
• Gold prices increased to $4,726.8 from $4,676.10 an ounce. (Good for mortgage rates.*)
• CNN Business Fear & Greed Index increased to 66.0 from 22.6 out of 100. (Bad for mortgage rates.) “Greed” suggests investors are seeking safety, supporting bond prices.

*A movement of less than $20 on gold prices or 40 cents on oil prices is a change of 1% or less. So we only count meaningful differences as good or bad for mortgage rates.

Caveats about markets and rates

Before the pandemic, post-pandemic upheavals, and war in Ukraine, you could look at the above figures and make a pretty good guess about what would happen to mortgage rates that day. But that’s no longer the case. We still make daily calls. And are usually right. But our record for accuracy won’t achieve its former high levels until things settle down.

So, use markets only as a rough guide. Because they have to be exceptionally strong or weak for us to rely on them. But, with that caveat, mortgage rates today might nudge upward or barely budge. However, be aware that “intraday swings” (when rates change speed or direction during the day) are a common feature right now.

What’s driving mortgage rates today?

This week

This week’s calendar gets serious fast, and mortgage borrowers have a clear main event: the Fed. Markets go into the week expecting the central bank to hold rates steady, according to broader coverage Monday, but the bigger question for mortgage shoppers is what Chair Jerome Powell says about inflation, growth and risk. For rates today, the cleaner market signal is outside the Fed: the 10-year Treasury yield slipped to 4.32% from 4.335%, while WTI crude oil plunged to $94.93 a barrel from $112.61. That $17.68 oil drop is a big move, and lower energy prices can ease inflation pressure if it holds. That combination is modestly supportive for mortgage rates.

Tuesday brings the first major data point with Consumer Confidence at 10:00 a.m. ET. This report matters because it helps show how willing households are to spend, which feeds into growth and inflation expectations. If confidence comes in hotter than expected, bond yields could firm up on the view that consumers are still powering the economy. A weaker reading would tend to help bonds and, by extension, mortgage rates.

Wednesday is the busiest day on the calendar. MBA Mortgage Applications hits at 7:00 a.m. ET, followed by Durable Goods Orders, Housing Starts and Permits, and Advance Wholesale Inventories, all at 8:30 a.m. ET. Durable goods is the broad market mover here because it offers a read on business demand and manufacturing momentum. Housing starts and permits matter more directly to the mortgage market, since they show how builders are responding to financing costs and buyer demand. MBA applications are a useful pulse check on whether borrowers are stepping back in when rates ease.

The market backdrop is mixed but calmer than the headlines suggest. Gold rose to $4,726.8 an ounce from $4,676.1, a sign some investors are still paying for safety, while CNN’s Fear & Greed Index jumped to 66.0 from 22.6, back in “greed” territory. Stocks were effectively flat Monday, with the Dow, S&P 500 and Nasdaq all unchanged on the day. Freddie Mac’s latest 30-year average stands at 6.23%, and this week will test whether softer energy prices and a slightly lower 10-year yield are enough to pull mortgage rates closer to 6% — or whether the Fed and incoming data get in the way.

Recent trends

Freddie Mac’s April 27 report put the weekly 30-year fixed mortgage rate average at 6.23%. Freddie’s data serves as a market barometer and trend tracker, but individual rates vary by lender and depend on personal financial profiles.

Expert forecasts for mortgage rates

Looking further ahead, Fannie Mae and the Mortgage Bankers Association (MBA) each has a team of economists dedicated to monitoring and forecasting what will happen to the economy, the housing sector and mortgage rates.

Here are their quarterly rate forecasts for the next year.

The numbers in the table below are for 30-year, fixed-rate mortgages. Fannie updated its forecast on March 10 and the MBA updated theirs on March 23.

Of course, given so many unknowables, these forecasts might be even more speculative than usual. And their past record for accuracy — due to the volatile nature of interest rates — hasn’t been wildly impressive.

Mortgage rate methodology

The Mortgage Reports receives rates based on selected criteria from multiple lending partners each day. We arrive at an average rate and APR for each loan type to display in our chart. Because we average an array of rates, it gives you a better idea of what you might find in the marketplace. Furthermore, we average rates for the same loan types. For example, FHA fixed with FHA fixed. The end result is a good snapshot of daily rates and how they change over time.

Current mortgage rates methodology

We receive current mortgage rates each day from a network of mortgage lenders that offer home purchase and refinance loans. Those mortgage rates shown here are based on sample borrower profiles that vary by loan type. See our full loan assumptions here.