US 30-Year Mortgage Rate Rebounds

2026-03-12 16:12 By Felipe Alarcon 1 min. read

The average rate on a 30-year fixed mortgage rose to 6.11% as of March 12th, from the softest levels since September 2022 in the previous weeks, according to data from Freddie Mac.

The rise tracked rising Trasury yields amid heightened inflation concerns fueled by the ongoing war in Iran triggered the largest weekly increase in nearly a year.

“The 30-year fixed-rate mortgage returned to last month’s level of 6.11%.

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,” said Sam Khater, Freddie Mac’s chief economist.



News Stream
US Mortgage Rates Climb to Highest Since 2023
The US 30-year fixed-rate mortgage averaged 7.4% as of October 8th, 2026, rising further above 7% to reach its highest level since November 2023 and up from 7.28% in the previous week. This marks the seventh consecutive week with rate increases, as an intensifying selloff in the bond market amid expectations of higher-for-longer interest rates has kept 10-Year Treasury yields at their highest level in decades. Mortgage rates tend to closely track these these sovereign yields, pushing borrowing costs higher for homebuyers. A year ago, the the 30-year fixed-rate mortgage averaged 6.3%. Meanwhile, the 15-year fixed-rate mortgage averaged 6.73%, its highest level since May 2024, up from 6.6% last week.
2026-10-08
US Mortgage Rates Climb Further in October
The US 30-year fixed-rate mortgage averaged 7.28% as of October 1, 2026, the highest level since November 2023, up from 7.03% the previous week and 6.34% a year earlier. The housing market continues to be supported by favorable economic conditions as mortgage rates remain elevated, Freddie Mac Chief Economist Sam Khater said. The 15-year fixed-rate mortgage averaged 6.60%, up from 6.42% a week earlier.
2026-10-01
US 30-Year Mortgage Rate Climbs Above 7%
The US 30-year fixed-rate mortgage averaged 7.03% as of September 24th, 2026, rising above 7% for the first time since January 2025 and up from 6.95% in the previous week. Following increasing concerns over inflationary pressures, broader selloffs in the global government debt market pushed the 10-Year Treasury note above 5% to the highest level in nearly two decades. As a result, a climb in mortgage rates continues to weigh on prospective homebuyers. Although lacking any particular economic significance, economists refer to the threshold as a psychological ceiling. A year ago, the the 30-year fixed-rate mortgage averaged 6.3%. Meanwhile, the 15-year fixed-rate mortgage averaged 6.42%, its highest level since May 2024, up from 6.26% last week.
2026-09-24