Mortgage Rates Just Fell Again—but the News Gets Even Better

Mortgage rates inched slightly lower this week, marking the fifth straight week of declines.

For the week ending April 13, 30-year fixed-rate mortgages averaged 6.27%, down from 6.28% in the prior week, Freddie Mac announced on Thursday. That’s still substantially higher than a year ago, though, when they averaged 5%.

But that might change over the coming months, thanks to a government report out Wednesday showing that overall inflation had dropped a bit in March.