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April 10, 2026

Mortgage rate eases to 6.37% after rising five weeks in a row

By ALEX VEIGA
AP Business Writer

The average long-term U.S. mortgage rate eased this week, a modest relief for prospective homebuyers who have been facing higher borrowing costs as mortgage rates climbed to the highest level in nearly seven months.

The benchmark 30-year fixed rate mortgage rate dropped to 6.37% from 6.46% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the rate averaged 6.62%.


 
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