30-Year Mortgage Rate at 6.23%; Housing Affordability Stalls

Freddie Mac reported a 30-year fixed mortgage rate of 6.23% as of April 23, down from 6.37% on April 9. Active listings reached 1.23 million, up 4.2% year-over-year, while home price growth decelerated to 0.4% year-over-year. Only 20.4% of renters can afford home purchase.