March 31 to April 6, 2026
Mortgage interest rates increased by around half a percentage point in March due to rising unemployment and stalled inflation progress. Despite this, rates remain competitive and could potentially drop in April if market conditions improve.
Mortgage interest rates rose in March. The average 30-year mortgage rate is 6.37% as of March 31, 2026. The average 15-year purchase term rate is 5.75%. Refinance rates also increased, with 30-year refinance rates at 6.72% and 15-year refinance rates at 5.72%. Borrowers can still find competitive rates by shopping around and considering mortgage rate locks. Rates may drop in April if market conditions improve.
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