Skip to main content

Mortgage Rates Are On The Rise Again

Mar 11, 2021
Digital photo of a house, the word mortgage, a hand and percentage symbols.
Director of Events

Freddie Mac's Primary Mortgage Market Survey reported that the 30-year fixed-rate mortgage averaged 3.05%, up slightly from last week's average of 3.02%. While rates are up, the 30-year is still considerably lower year-over-year.

Additionally, the 15-year fixed-rate mortgage averaged 2.38%, up slightly from last week's average of 2.34% but down year-over-year. Meanwhile, the 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.77%, up from last week's average of 2.73% and down from last year's average of 3.05%.

"As the economy improves given labor market optimism, continued vaccination roll-out and additional stimulus pending, mortgage interest rates increased this week,” said Sam Khater, Freddie Mac’s chief economist. "But even as rates rise modestly, the housing market remains healthy on the cusp of spring homebuying season. Homebuyer demand is strong and, for homeowners who have not refinanced but are looking to do so, they have not yet lost the opportunity."

Click here to read more from Freddie Mac's PMMS.

Freddie Mac Primary Mortgage Market Survey 03/11/2021

About the author
Director of Events
Navi Persaud is Director of Events at NMP.
Published
Mar 11, 2021
HUD Freezes Foreclosures On FHA Mortgages In Texas Flood Zone

Kerr County homeowners among hardest hit in disaster that’s claimed more than 100 lives

Jul 09, 2025
Fewer Canadians Hunt For U.S. Property

Largest component of international buyers in U.S. takes more than 25% hit

Jul 08, 2025
Fannie, Freddie Now Allow Lenders To Use VantageScore 4.0

Lenders will keep tri-merge credit scoring model; what this shift means

Fairway Independent Mortgage Corporation Announces Rebranding

Now Fairway Home Mortgage, company also donates $1M to support relief efforts in deadly Texas flooding

Jul 07, 2025
FHFA Chief Officially Calls For Investigation Of Federal Reserve Chairman Powell

Alleges Powell lied in testimony to Congress regarding Fed building renovations, says Fed Chair should be fired

BBB Will Impact Homeowners, Buyers

U.S. House and Senate must agree on certain tax, mortgage insurance premium deductions