What are today's mortgage interest rates: April 3, 2026?

MoneyWatch: Managing Your Money What are today's mortgage interest rates: April 3, 2026? We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. By Matt Richardson Matt Richardson Sr. Managing Editor, Managing Your Money Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance. Read Full Bio Matt Richardson April 3, 2026 / 9:37 AM EDT / CBS News Add CBS News on Google The spring has traditionally been considered one of the best times to buy a home . The weather is warmer, it's easier to house hunt, and for parents, strategic timing can often result in a closing by the summer and moving before the new school year begins. However, the interest rate climate many homebuyers find themselves in this spring now seems less advantageous than it was just six weeks ago, approximately. Mortgage interest rates ticked up in March thanks to a combination of uneven economic conditions and overseas conflicts. And the chances of an interest rate cut when the Federal Reserve meets again this April appear low. At the same time, rates here are still marginally improved from where they were in the spring of 2025 and 2024 (though they're still much higher than they were in the spring of 2020). Buyers and owners hoping to refinance will just need to familiarize themselves with the interest rate landscape to determine if taking action now is valuable or if they should pause. That begins with understanding where mortgage interest rates sit today, April 3, 2026. That's what we'll detail below. See how low your current mortgage rate offers are here . What are today's mortgage interest rates? The average mortgage interest rate on a 30-year mortgage is 6.25% as of April 3, 2026, according to Zillow . The average rate on a 15-year mortgage is 5.62%. These are just averages, however, and b...