For the week ending March 30, 30-year rates fell one tick to 6.32% from 6.33% the week before.

Rates continued to be volatile day-to-day, but ended up last week about where they started from the previous week. For the week ending March 30, 30-year rates fell one tick to 6.32% from 6.33% the week before. In addition, 15-year loans decreased to 5.56%. A year ago, 30-year fixed rates averaged 4.67%, more than 1.5% lower than today. Attributed to Sam Khater, Chief Economist, Freddie Mac, “Economic uncertainty continues to keep mortgage rates down. Over the last several weeks, declining rates have brought borrowers back to the market but, as the spring homebuying season gets underway, low inventory remains a key challenge for prospective buyers.”

Note: Rates indicated do not include fees and points and are provided for evidence of trends only. They should not be used for comparison purposes.

Current Indices for Adjustable Rates
Updated March 31, 2023