Current Mortgage Rates
National average rates from the Federal Reserve, updated weekly. Track trends and find the right time to refinance.
30-Year Fixed
6.38%
15-Year Fixed
5.75%
5/1 ARM
6.06%
Source: FRED (Federal Reserve Bank of St. Louis)
Updated March 26, 2026
Historical Rate Trends
Source: FRED (Federal Reserve Bank of St. Louis). Weekly national averages.
Weekly Mortgage Rate Summary
6.38%
↑ +0.16%30-year fixed-rate mortgage, week-over-week change
Source: Freddie Mac Primary Mortgage Market Survey (PMMS) via FRED
Market Context
Federal Funds Rate
3.64%
Set by the Federal Reserve. Indirectly influences mortgage rates through short-term borrowing costs.
10-Year Treasury Yield
4.42%
↑ +0.09%Mortgage rates closely track the 10-year Treasury yield because mortgage-backed securities compete with Treasury bonds.
What this means for refinancing
Mortgage rates are influenced by Federal Reserve policy, Treasury bond yields, inflation expectations, and housing market conditions. When the Fed raises the federal funds rate, borrowing costs generally increase, which can push mortgage rates higher. The 10-year Treasury yield is the single best predictor of where mortgage rates are heading. If you are considering a refinance, watch for sustained drops in Treasury yields as a signal that mortgage rates may follow.
Source: FRED (Federal Reserve Bank of St. Louis)
See if refinancing saves you money
Use our free calculator with real Federal Reserve rate data to estimate your monthly savings and break-even point.
Try the Refinance CalculatorMortgage Rates FAQ
How often are mortgage rates updated?
The rates on this page come from the Federal Reserve Economic Data (FRED) system and are updated weekly based on the Freddie Mac Primary Mortgage Market Survey. Our page refreshes hourly to pick up new data as it becomes available.
Why do mortgage rates go up and down?
Mortgage rates are influenced by the Federal Reserve's monetary policy, inflation expectations, the 10-year Treasury yield, economic growth, and investor demand for mortgage-backed securities. When inflation rises or the economy is strong, rates tend to increase. When the economy slows or the Fed cuts rates, mortgage rates often decline.
What is a good mortgage rate right now?
A 'good' rate depends on the current market average and your personal credit profile. Generally, if you can get a rate below the national average shown above with reasonable closing costs, that is a competitive offer. Borrowers with credit scores above 740 typically qualify for the best available rates.
Should I lock my rate now or wait for rates to drop?
Timing the market is extremely difficult, even for professionals. If you have found a rate that makes financial sense for your situation and your break-even analysis works, locking in is generally the safer choice. Waiting for a lower rate risks rates moving higher instead.
What is the difference between the 30-year and 15-year fixed rate?
A 30-year fixed mortgage has lower monthly payments but you pay more total interest over the life of the loan. A 15-year fixed mortgage has higher monthly payments but a significantly lower interest rate and much less total interest paid. The 15-year rate is typically 0.5-0.75% lower than the 30-year rate.
Rates shown are national averages from the Federal Reserve. Your actual rate will depend on your credit score, loan type, and lender. This page is for informational purposes only. Wirly is not a lender or mortgage broker.