Mortgage Rates Hold Steady

Rhea-AI Summary

Freddie Mac (OTCQB: FMCC) released its Primary Mortgage Market Survey for March 5, 2026, reporting the 30-year fixed-rate mortgage at 6.00% and the 15-year FRM at 5.43%.

Rates were essentially steady week-over-week (30-year 5.98% last week) and remain below the 1-year-ago 30-year level of 6.63%, supporting increased refinance and purchase activity, according to Freddie Mac.

News Market Reaction – FMCC

-1.63%

1 alert

-1.63% News Effect

On the day this news was published, FMCC declined 1.63%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

MCLEAN, Va., March 05, 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 6.00%.

“Mortgage rates held steady at 6% this week, hovering near their lowest level since 2022,” said Sam Khater, Freddie Mac’s Chief Economist. “In fact, rates are down nearly a full percentage point from this time in 2024, spurring activity from buyers, sellers and owners. As a result, refinance activity is up, and purchase applications are ahead of last year’s pace.”

News Facts

• The 30-year FRM averaged 6.00% as of March 5, 2026, slightly up from last week when it averaged 5.98%. A year ago at this time, the 30-year FRM averaged 6.63%.
• The 15-year FRM averaged 5.43%, slightly down from last week when it averaged 5.44%. A year ago at this time, the 15-year FRM averaged 5.79%.

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/0918e25d-85c3-473d-b077-0912731286e3

FAQ

What did Freddie Mac (FMCC) report for the 30-year fixed-rate mortgage on March 5, 2026?

The 30-year fixed-rate mortgage averaged 6.00% as of March 5, 2026. According to Freddie Mac, this is slightly above last week (5.98%) and below the 6.63% level from a year earlier, which has encouraged refinancing and purchase activity.

How did the 15-year FRM change in Freddie Mac's March 5, 2026 PMMS report (FMCC)?

The 15-year FRM averaged 5.43% on March 5, 2026. According to Freddie Mac, it moved slightly down from 5.44% the prior week and remained lower than last year's 5.79% average, aiding some refinance demand.

What does Freddie Mac (FMCC) say about mortgage market activity after rates held near 6%?

Freddie Mac says mortgage activity has picked up, with refinance and purchase applications increasing. According to Freddie Mac, rates down from 2024 are spurring buyers, sellers and owners and lifting refinance activity and purchase applications.

How much did the 30-year FRM change year-over-year in Freddie Mac's March 5, 2026 release (FMCC)?

The 30-year FRM declined from 6.63% a year ago to 6.00% on March 5, 2026. According to Freddie Mac, this near-one-percentage-point drop has supported higher market activity compared with last year.

Where can investors find more details about Freddie Mac's (FMCC) Primary Mortgage Market Survey methodology?

Freddie Mac provides methodology and FAQs for the PMMS on its public information pages. According to Freddie Mac, the survey focuses on conventional, conforming loans with 20% down and excellent credit borrowers.