March 5, 2026
Mortgage rates held steady at 6% this week, hovering near their lowest level since 2022. In fact, rates are down nearly a full percentage point from this time in 2024, spurring activity from buyers, sellers and owners. As a result, refinance activity is up, and purchase applications are ahead of last year’s pace.
- The 30-year fixed-rate mortgage averaged 6.00% as of March 5, 2026, slightly up from last week when it averaged 5.98%. A year ago at this time, the 30-year FRM averaged 6.63%.
- The 15-year fixed-rate mortgage averaged 5.43%, slightly down from last week when it averaged 5.44%. A year ago at this time, the 15-year FRM averaged 5.79%.
Information provided by Freddie Mac.