Mortgage rates today, April 12, 2026: 30-year fixed averages 6.41% per Bankrate, with 15-year at 5.83% and slight fluctuations across sources. Get the latest data and analysis.
On Sunday, April 12, 2026, mortgage rates today show stability with minor variations across major trackers. The average 30-year fixed mortgage rate stands at 6.41 percent, according to Bankrate's daily survey. This follows a weekly uptick noted elsewhere, but Freddie Mac's latest weekly average as of April 9 reported 6.37 percent, down from 6.46 percent the prior week and notably lower than 6.62 percent a year ago.
Other key rates include:
| Mortgage Type | Average Rate | Change (Recent) | Source |
|---|---|---|---|
| 30-Year Fixed | 6.41% | Stable daily | Bankrate |
| 15-Year Fixed | 5.83% | N/A | Bankrate |
| 5/1 ARM | N/A | N/A | Bankrate |
| 30-Year Fixed | 6.39% | +0.01 | MND |
| 30-Year Fixed | 6.56% | +0.20 bps (wk) | Bankrate |
| 30-Year Fixed (Wk) | 6.37% | -0.09 (wk) | Freddie Mac |
These figures reflect daily snapshots from leading sources like Bankrate, Mortgage News Daily (MND), and Freddie Mac. Rates fluctuate based on economic indicators, Treasury yields, and lender competition, remaining subject to daily change.
Mortgage rates today hover in the mid-6% range after a choppy week. Bankrate data indicates a 0.20 basis point weekly rise to 6.56 percent for 30-year fixed, signaling upward pressure amid mixed economic signals. In contrast, Freddie Mac's April 9 average of 6.37 percent marks a decline from the prior week's 6.46 percent, continuing a modest downtrend from peaks above 7 percent in 2023.
MND's Rate Index shows a slight 0.01 percent daily increase to 6.39 percent, underscoring the volatility. Year-over-year, rates are down approximately 25 basis points from April 2025 levels around 6.62 percent (Freddie Mac). This moderation stems from cooling inflation and steady Fed policy, though persistent shelter costs keep long-term bonds yields elevated.
For context, the Federal Reserve's effective federal funds rate remains a key driver, with FRED data (via Freddie Mac integration) confirming the 6.37 percent weekly benchmark. Borrowers should monitor 10-year Treasury yields, currently influencing fixed-rate mortgages directly.
Mortgage rates today vary by location due to local lender pricing and demand. In high-cost states like California, 30-year fixed rates average near 6.45 percent, per Bankrate regional trackers, reflecting elevated home prices. Texas markets, such as Dallas and Houston, see rates around 6.38 percent, benefiting from competitive lending.
Northeast hubs like New York hover at 6.42 percent, while Florida's Miami averages 6.44 percent amid insurance-driven adjustments. Midwest cities including Chicago report 6.40 percent, slightly below national averages. These disparities—often 5-10 basis points—highlight the value of shopping multiple lenders. Redfin data corroborates regional pricing influences, with Sun Belt states showing tighter spreads on 15-year fixed options at 5.80-5.85 percent.
Several dynamics shape mortgage rates today. The 10-year Treasury yield, a primary benchmark, has stabilized near 4.2 percent, per FRED, supporting mid-6% mortgages. Inflation reports, including March CPI at 2.4 percent year-over-year (per BLS via FRED), have eased Fed rate cut expectations, capping declines.
Employment data remains robust, with NAR noting steady existing home sales despite affordability challenges. Supply constraints and home price growth—up 4.2 percent annually per FHFA indices—exert upward pressure. Globally, geopolitical tensions indirectly bolster yields. For ARMs, Bankrate's 5/1 rate data suggests appeal for short-term borrowers eyeing potential rate drops.
At 6.41 percent for 30-year fixed, monthly payments on a $400,000 loan total about $2,518 (principal and interest), per standard amortization calculators—up from 2021 lows but manageable versus 2023 peaks. Refinancers with rates above 7 percent could save $100-200 monthly by locking now, especially on 15-year terms at 5.83 percent.
Buyers face high affordability barriers, with median home prices near $420,000 (NAR). Running live scenarios at [HomeRates.ai](https://homerates.ai) helps model personalized impacts, factoring credit scores and down payments. Those with strong profiles (760+ FICO) may secure 10-20 basis points below averages.
Mortgage rates today at 6.41 percent for 30-year fixed offer a stable entry point versus recent highs—ideal for locking if buying or refinancing. Monitor daily via Bankrate or Freddie Mac, shop regionally, and use tools like HomeRates.ai for precise quotes before rates potentially climb on upcoming economic data.
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