The national average 30-year rate has risen from recent lows — now sitting at 6.11%, according to Freddie Mac. What does that mean for the 2026 housing market? Will mortgage rates move back below 6%? Are mortgage rates dropping? As of March 12, Freddie Mac reported that the average 30-year fixed-rate mortgage rate was 6.11%. This is 11 basis points higher than last week, and 54 basis points lower than this time last year. In March 2025, mortgage rates averaged 6.65%. The average 15-year fixed mortgage ...