Mortgage Rates Face Upward Pressure | Today, April 30, 2026

Today’s mortgage rates

The 10-year Treasury yield came in at 4.404% today, up 3.8 basis points from 4.366%, a meaningful move that points to firmer mortgage-rate pressure for borrowers. Consumer-facing coverage is less one-directional, though: headlines described mortgage and refinance rates as mixed after the Fed held rates steady, while one outlet reported the 30-year refinance rate rose 27 basis points. Oil also climbed to $104.82 a barrel from $103.26 and gold rose to $4,645.9 an ounce from $4,577.9, signals that lean risk- and inflation-sensitive even with stocks flat and CNN’s Fear & Greed Index still in greed territory at 63.4, so borrowers may not get much rate relief today.

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 6.391%.

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 5.753%.

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 5.531%.

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 increased to 4.404% from 4.366% (Bad 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 increased to $104.82 from $103.26 a barrel. (Bad for mortgage rates.*)
• Gold prices increased to $4,645.9 from $4,577.90 an ounce. (Good for mortgage rates.*)
• CNN Business Fear & Greed Index decreased to 63.4 from 63.8 out of 100. (Good 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 put housing and growth data in front of bond traders before the market got to today’s post-Fed rate read. Monday’s key release was April Consumer Confidence at 10:00 a.m. ET, a high-impact report that can move Treasury yields if it shifts the outlook for consumer spending. For mortgage shoppers, stronger confidence can be rate-negative because it points to firmer demand and less pressure on the Fed to ease.

Tuesday brought a heavier slate. The Mortgage Bankers Association’s weekly mortgage applications report hit at 7:00 a.m. ET, then Durable Goods Orders, Housing Starts and Permits, and Advance Wholesale Inventories all landed at 8:30 a.m. ET. Econoday also listed Housing Starts and Permits again at 8:31 a.m. ET. Durable goods matters because it is a read on business demand and manufacturing activity; stronger numbers can push bond yields higher. Starts and permits matter more directly to housing, offering a fresh look at construction activity and supply. MBA applications are watched for demand trends in purchase and refi activity, though they usually do less to move rates than Treasury trading does.

Today’s market context points borrowers toward caution. The 10-year Treasury yield rose to 4.404% from 4.366%, a 3.8-basis-point move, according to Yahoo Finance. That is a meaningful signal for mortgage pricing because mortgage rates often track the direction of the 10-year, even if they do not move in lockstep hour by hour. Broader coverage this morning was mixed after the Fed held rates steady, with headlines ranging from “Mortgage and refinance interest rates today, April 30, 2026: Rates mixed following no-move Fed decision” to “Mortgage Rates Today, April 30, 2026: 30-Year Refinance Rate Rises by 27 Basis Points.” Freddie Mac’s benchmark 30-year rate was last at 6.23% on FRED.

Other market gauges were not giving borrowers much relief. WTI crude oil climbed to $104.82 a barrel from $103.26, and higher energy prices can feed inflation worries that are bad for bonds. Gold rose to $4,645.9 an ounce from $4,577.9, while CNN’s Fear & Greed Index slipped to 63.4 from 63.8 but stayed in greed territory. Major stock indexes were flat on the day, with the Dow, S&P 500, and Nasdaq all shown unchanged. Taken together, the clearest live signal for mortgage rates today is still the Treasury move: if yields stay elevated, lenders could lean higher even with the Fed on hold.

Recent trends

Freddie Mac’s April 30 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.