The 30-year fixed mortgage averaged 6.27%, practically unchanged from the previous week and as of April 13, Freddie Mac noted Thursday in its latest report. On an annual basis, the figure was up by 1.27 points.
On the other hand, the 15-year fixed mortgage reached a weekly average of 5.54%, down by 1.37 points annually.
"Incoming data suggest inflation remains well above the desired level but showing signs of deceleration. These trends, coupled with tight labor markets, are creating increased optimism among prospective homebuyers as the housing market hits its peak in the spring and summer," the report said.
