Mortgage Rates Inch Up

​Last Thursday Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.11%. The survey is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit. 

​“The 30-year fixed-rate mortgage returned to last month’s level of 6.11%,” said Sam Khater, Freddie Mac’s Chief Economist. “Despite the modest uptick, buyers are responding to rates in this range, with existing-home sales increasing 1.7% in February. Purchase applications also increased this week, a welcome sign as buyers enter spring homebuying season with rates down more than half a percentage point compared to the same time last year.”

Rates
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• The 30-year FRM averaged 6.11% as of March 12, 2026, up from the prior week when it averaged 6.00%. A year ago at this time, the 30-year FRM averaged 6.65%.
  
  
• The 15-year FRM averaged 5.50%, up from the prior week when it averaged 5.43%. A year ago at this time, the 15-year FRM averaged 5.80%.

For more information, see Freddie Mac’s  Frequently Asked Questions.