Rates for new 30-year loans dropped again, building a three-day decline from what had been a six-week high. Rates rose for several other loan types, however.

Freddie Mac’s average rate for a 30-year fixed-rate mortgage averaged 6.64% for the week ending April 3, slightly lower than a week ago.

That's still kind of a weird flex: Mortgage rates dropped that low because of emergency actions taken by the Federal Reserve to forestall economic damage from the pandemic. Sure, it was less costly to purchase a home, but those low mortgage rates came at a high price.