economy
What are today's mortgage interest rates: March 20, 2026?
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TL;DR
- Mortgage interest rates have increased significantly in March 2026.
- The average 30-year mortgage rate is 6.25%, up from 5.87% in February.
- The average 15-year mortgage rate is 5.75%, up from 5.37% in February.
- Average refinance rates for a 30-year mortgage are 6.78%, and for a 15-year term, they are 5.90%.
- Recent inflation and unemployment reports, along with the Federal Reserve pausing rate cuts, have influenced these changes.
- Borrowers are advised to consider locking in their mortgage rate due to market uncertainty and potential future increases.
- It is important to shop around with different lenders to find the best available rates and terms for both purchases and refinances.