NEW YORK, March 31, 2026, 3:08 PM EDT
Mortgage rates in the U.S. held stubbornly high on Tuesday, delivering another setback for buyers as the spring home-shopping rush heats up. For a 30-year fixed, Zillow posted 6.25%, Bankrate listed 6.61%, and Mortgage News Daily showed 6.47%. Freddie Mac’s weekly average? 6.38%.
This shift lands as the market, briefly showing some signs of relief, starts tightening once more. Reuters on Tuesday noted that single-family home prices in January ticked up only 0.1% from December, a 1.6% increase over last year. With borrowing costs now spiking, first-time buyers may find themselves pushed out.
Mortgage rates usually track the 10-year Treasury yield. According to Reuters, after an energy shock sent yields climbing, investors have mostly dismissed prospects for imminent Federal Reserve easing. The 10-year was closing in on 4.5% last week. Since late February, 30-year mortgage rates have climbed roughly 0.40 percentage point.
Numbers from the different sources just don’t match up—their methods diverge. Freddie Mac’s survey? That’s based on typical home-purchase loans with 20% down and top-tier credit. Bankrate, for its part, collects daily averages mainly from the biggest banks and thrifts. Then there’s Zillow, which posts up-to-the-minute rate offers along with sample loan details.
Mortgage News Daily reported its top-tier 30-year fixed mortgage rate slipped to 6.47% Tuesday, down 0.08 point from Friday’s 6.64% peak. Matthew Graham called the drop “a victory in the short term,” but added it’s “too soon to determine” if this marks a larger shift. Mortgage News Daily
Freddie Mac’s most recent weekly figure, out March 26, climbed to 6.38% after 6.22% the previous week—the highest level since early September. The market, according to chief economist Sam Khater, is seeing “gradual improvements compared to a year ago” even with the latest volatility. Freddie Mac
Volatility hasn’t eased up. Bankrate’s Mortgage Rate Variability Index hit 8 out of 10 as of March 30, flagging enough movement in lender quotes that borrowers could face notable differences between offers.
Some relief is possible here. On Tuesday, Reuters noted that government bond yields eased off their recent peaks, with investors turning a bit more attention to sluggish growth risks following the energy shock. If that trend holds, mortgage pricing might see some benefit.
The downside risk hasn’t disappeared. Kansas City Fed President Jeff Schmid, speaking Tuesday, warned that policymakers “cannot be complacent” when it comes to inflation expectations. He pointed out that rising oil prices could push inflation up—even if growth only takes a slight hit. Reuters
Right now, 30-year mortgage rates are sticking stubbornly in the mid-6% range, though it varies a bit with the loan and the tracker. That’s an improvement from last week’s highs, but it’s still a far cry from the sub-6% window that briefly sparked optimism for a stronger spring.
