Mortgage Rates Average 6.38%

Rhea-AI Summary

Freddie Mac (OTCQB: FMCC) reported its Primary Mortgage Market Survey® results for March 26, 2026, showing the 30-year fixed-rate mortgage (FRM) averaged 6.38%. The 30-year rate rose from 6.22% the prior week but remained below last year’s 6.65% average. The 15-year FRM averaged 5.75%, up from 5.54% the previous week and slightly below last year’s 5.89%.

The PMMS® reflects conventional, conforming, fully amortizing purchase loans for borrowers with 20% down and excellent credit. Freddie Mac highlighted year-over-year improvement in purchase and refinance applications amid recent rate volatility.

MCLEAN, Va., March 26, 2026 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey^® (PMMS^®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.38%.

"Mortgage rates this week averaged 6.38%," said Sam Khater, Freddie Mac's Chief Economist. “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%.”

News Facts

• The 30-year FRM averaged 6.38% as of March 26, 2026, up from last week when it averaged 6.22%. A year ago at this time, the 30-year FRM averaged 6.65%.
• The 15-year FRM averaged 5.75%, up from last week when it averaged 5.54%. A year ago at this time, the 15-year FRM averaged 5.89%.
  
  

The PMMS^® is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit. For more information, view our Frequently Asked Questions.

Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability and affordability in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: Website | Consumers | X | LinkedIn | Facebook | Instagram | YouTube

MEDIA CONTACT:
Mollie Laniado
(571)382-1784
Mollie_Laniado@FreddieMac.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d28fe773-fa60-4eb1-bdd1-caa92a693ecd

FAQ

What did Freddie Mac (FMCC) report for the 30-year fixed-rate mortgage on March 26, 2026?

The 30-year fixed-rate mortgage averaged 6.38% as of March 26, 2026. According to the company, that rate rose from 6.22% the prior week but remained below the prior-year average of 6.65%, signaling modest improvement year-over-year.

How did the 15-year mortgage rate change in Freddie Mac's March 26, 2026 PMMS (FMCC)?

The 15-year fixed-rate mortgage averaged 5.75% on March 26, 2026. According to the company, this was an increase from 5.54% the prior week and slightly lower than the prior-year average of 5.89%.

What does Freddie Mac (FMCC) say about year-over-year mortgage application trends in March 2026?

Freddie Mac reported that purchase and refinance applications are up year-over-year. According to the company, this reflects gradual housing-market improvements despite recent rate volatility compared with the same time last year.

What borrower profile does the PMMS® (FMCC) focus on in the March 26, 2026 release?

The PMMS® focuses on conventional, conforming, fully amortizing purchase loans for borrowers with 20% down and excellent credit. According to the company, the survey uses that borrower profile to track typical market rates.

Did Freddie Mac (FMCC) report mortgage rates higher or lower than one year ago on March 26, 2026?

Freddie Mac reported the 30-year FRM was lower than one year ago (6.38% versus 6.65%). According to the company, this indicates rates remain below last year’s average despite a weekly uptick.

How often does Freddie Mac release the Primary Mortgage Market Survey (FMCC) and what date was the March 2026 reading?

Freddie Mac releases the PMMS® on a weekly basis; the cited reading is dated March 26, 2026. According to the company, the weekly survey tracks conventional conforming mortgage rates for reporting and comparison.