The average 30-year fixed mortgage rate in the US for loans up to $806,500 dropped to 6.35% for the week ending April 17, 2026, down from 6.42% the previous week, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. This marks the third consecutive weekly decline, reflecting a drop in Treasury yields amid growing hopes for a diplomatic resolution to the ongoing conflict. As rates fell, mortgage applications surged 7.9%, the sharpest increase since late February, with refinancing applications up 5.8% and home purchase applications rising 10.1%.