U.S. 30-year fixed-rate mortgages averaged 6.11% as of 12 March 2026, up from 6.00% the previous week, but down from 6.65% a year ago, according to Freddie Mac. The marginal increase follows a period of relatively stable rates near the 6% threshold.
The 15-year fixed-rate mortgage also edged higher, averaging 5.50% compared to 5.43% last week. Despite the weekly uptick, rates remain more than half a percentage point below levels from the same period in 2025. Freddie Mac's chief economist noted that buyers are responding to current rate levels, with existing-home sales rising 1.7% in February and purchase applications increasing this week as the spring homebuying season approaches.
