US 30-Year Mortgage Rates Rise to 6.30%

The average contract rate on 30-year fixed-rate mortgages for conforming loans of $806,500 or less in the US increased to 6.30% in the week ending March 13, 2026, up from 6.19% the previous week, according to the Mortgage Bankers Association. This marks the highest level since late December, putting pressure on mortgage activity. Total mortgage applications plunged 10.9%, reversing a 3.2% gain from the prior period, with refinancing activity dropping sharply by 18.5%. Meanwhile, applications for home purchases edged up slightly by 0.9%.

The average contract rate on 30-year fixed-rate mortgages for conforming loans of $806,500 or less in the US climbed to 6.19% in the first week of March 2026, up from 2022-lows of 6.09%, according to the Mortgage Bankers Association. Mortgage activity showed continued momentum, with total applications rising 3.2%, following an 11% surge in the previous period. Applications for home purchases jumped 7.8%, while refinancing activity edged up modestly by 0.5%.

The average contract rate on 30-year fixed-rate mortgages for conforming loans of $806,500 or less in the US was unchanged at 2022-lows of 6.09% in the week ended February 27th 2026, the same as in the previous week, according to the Mortgage Bankers Association. Mortgage applications soared 11%, following a 0.4% rise in the previous period, with refinancing applications jumping 14.3% while applications to purchase a home were up 6.1%. “Refinance applications increased for the fourth straight week to the strongest pace since 2022, with conventional refinances up 20%. The increase in the average loan size for refinances indicates that more borrowers with larger loan sizes are seeking to lower their monthly payments”, said Joel Kan, an MBA analyst.