Key insights
- Freddie Mac reported the 30-year fixed-rate mortgage rose to 6.38%, up from 6.22% the previous week. While rates are lower than a year ago, the increase could dampen housing market activity and potentially weigh on related sectors, indirectly impacting US equities. Higher mortgage rates typically lead to decreased affordability and slower housing sales.
Investing.com -- Freddie Mac (OTCQB:FMCC) released its Primary Mortgage Market Survey on Thursday, showing the 30-year fixed-rate mortgage averaged 6.38%.
The 30-year fixed-rate mortgage stood at 6.38% as of March 26, 2026, up from 6.22% the previous week. A year ago, the 30-year fixed-rate mortgage averaged 6.65%.
The 15-year fixed-rate mortgage averaged 5.75%, up from 5.54% last week. A year ago, the 15-year fixed-rate mortgage averaged 5.89%.
Sam Khater, Freddie Mac’s Chief Economist, said, "Mortgage rates this week averaged 6.38%. The housing market continues to show gradual improvements compared to a year ago amid recent rate volatility. Purchase and refinance applications are up year-over-year, and rates remain lower than last year when they averaged 6.65%."
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