US Mortgage Rates Fall for First Time Since Iran War to 6.37%

Homes in Daly City, California.
Photographer: David Paul Morris/Bloomberg

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By Paulina Cachero

April 9, 2026 at 4:00 PM UTC

Mortgage rates declined for the first time since the start of the war in Iran, providing some relief for the US housing market as the spring selling season kicks off.

The average rate for 30-year, fixed loans was 6.37% on Thursday, down from 6.46% last week. A year ago, the rate averaged 6.62%.