Mortgage interest rates dropped for the second week in a row, brought on by various economic imbalances as the economy continues to recover. 

The 30-year fixed-rate mortgage decreased to 3.04 percent for the week ending Apr. 15, 2021, according to the latest Primary Mortgage Market Survey from Freddie Mac. That’s down from last week when it averaged 3.13 percent and from last year’s 3.31 percent. This decrease came after mortgage interest rates dropped last week for the first time in about two months. 

“Mortgage rates took another dip this week as the 30-year fixed-rate mortgage decreased by almost 10 basis points, week over week,” Freddie Mac Chief Economist Sam Khater said. “The economy is improving on the demand side and on the supply side, a variety of goods and materials remain scarce.

“As a result of this imbalance, pricing pressures are building and causing inflation to rise,” Khater said. “Despite the pause in mortgage rates recently, we expect them to increase modestly for the remainder of this year.”

Mortgage Interest rates

Source: Freddie Mac

The 15-year fixed-rate mortgage averaged 2.35 percent, down from last week when it averaged 2.42 percent. A year ago at this time, the 15-year FRM averaged 2.8 percent.

The five-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.8 percent, down from last week when it averaged 2.92 percent. A year ago at this time, the five-year ARM averaged 3.34 percent.

Email Kelsey Ramírez

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Network with CoStar, Redfin, Realogy, SERHANT., Divvy, and thousands more in-person at ICLV this October. Prices go up Sunday.Register Now×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription