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.



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