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- Takeaways
- Tip
- Mortgage Rates Mixed Last week
- 30-Year mortgage rates inch up, but remain in 6% range
- What is the 30-Year Rate of Your State?
- 15-Year Mortgage rates are on the decline
- Jumbo 30-Year Rates Stay Stable
- What is a Jumbo Loan?
- Here's How Much Monthly Payments Are Now
- How We Track Mortgage Interest Rates
Takeaways
- Mortgage rates have been rising steadily over the last three weeks, after falling to 2025 lows in late-February.
- Despite the 6-basis-point increase last week, new 30-year-fixed-rate loans still remain below 7%. The new average rate is 6.82%.
- Rates on 15-year bonds fell by 2 basis points from Friday to Friday, dropping from an average of 5.90% to 5.88%.
- Jumbo 30-year rates held steady at 6.77% Friday—just 12 basis points above their 2025 low.
- For a new $350,000 loan with a 30-year repayment term, the average rate today would translate into a $2,286 monthly payment. You can find out how much you will pay for other loan amounts and types in the tables below.
Tip
Have you already got a mortgage? Looking for refi rates on it? We cover refinancing on a daily basis, including the average national refi rate and state-by-state averages.
The full article can be found below these offers.
Mortgage Rates Mixed Last week
Though new purchase mortgage rates saw welcome declines in late November and early December, they surged higher around Christmas—and then higher still in January. The last two months initially brought welcome news for house hunters—with the flagship 30-year average dipping below the 7% mark. In the last month rates have increased for many types of loans.
Below you can see the most recent one-week changes in each new purchase loan’s average. Then, we will dive deeper into 30-year, 15 year, and jumbo-term 30-year fixed rate loans.
| Mortgage Type | Mar. 21 averages | Mar. 28 averages | One-week change |
|---|---|---|---|
| 30-Year Fixed | 6.76% | 6.82% | + 0.06 |
| FHA 30-Year fixed | 7.35% | 7.35% | No change |
| VA 30-Year Fixed | 6.34% | 6.35% | + 0.01 |
| Fixed Rate 20 Year | 6.49% | 6.55% | + 0.06 |
| Fixed 15-Year Rate | 5.90% | 5.88% | – 0.02 |
| FHA 15-Year Fix | 6.80% | 6.80% | No change |
| 10-Year Fixed | 5.78% | 6.06% | + 0.28 |
| 7/6 ARM | 7.34% | 7.34% | No change |
| 5/6 ARM | 7.27% | 7.16% | – 0.11 |
| Jumbo 30-Year Fixed | 6.77% | 6.77% | No change |
| Jumbo 15-Year Fixed | 6.67% | 6.57% | – 0.10 |
| Jumbo 7/6 ARM | 6.94% | 6.89% | – 0.05 |
| Jumbo 5/6 ARM | 6.93% | 6.96% | + 0.03 |
30-Year mortgage rates inch up, but remain in 6% range
Rates for 30-year new-purchase loans ended last week 6. Basis points higher than Friday prior, landing at a 6.82% average. That's notably up from four weeks ago when rates fell to 6.55%—a low point for 2025. Still, today's 30-year rates are more than a quarter percentage point cheaper than two months ago, when rates shot up to a seven-month high of 7.09%.
In September, the 30-year average fell to a 2-year low of 5.89%. (The cheapest Friday average was 6.03%). Rates soared in October and November, and then again around Christmas and January.
What is the 30-Year Rate of Your State?
Every day we publish the national average rates for different loan types as well as the 30-year rates in each state. California, Pennsylvania and Texas currently have the lowest rates for 30-year loans.
15-Year Mortgage rates are on the decline
Rates for 15-year new home purchase loans Last week, the average moved in the opposite direction. It lost 2 basis points and ended at 5.88%. That's a 34-point improvement vs. the Jan. 10 peak of 6.22%, but substantially above the two-year low of 4.97% registered in September.
Jumbo 30-Year Rates Stay Stable
The average rate on jumbo 30-year purchase loans has been steady over the last week. It was 6.77% on Friday. That's 18 basis points below the 2025 high of 6.95%. The September rate on new 30-year Jumbo loans dropped as low as 6.24 percent, with the lowest week-average at 6.39%.
What is a Jumbo Loan?
A jumbo mortgage is one that exceeds the maximum loan limits for Fannie Mae and Freddie Mac conforming loans—$806,500 for single-family homes in most parts of the U.S. in 2025, but up to $1,209,750 in certain more expensive areas.
Here's How Much Monthly Payments Are Now
To see how much this week’s rate increases would impact monthly payments for new borrowers, our tables below lay out the principal-plus-interest payment for various loan amounts with a 30-year, 15-year, or jumbo 30-year fixed-rate new purchase mortgage.
| Mortgage Payments for a 30-Year Loan | ||||||
|---|---|---|---|---|---|---|
| National average rate | $250,000 | $350,000 | $450,000 | $550,000 | $650,000 | |
| Fri, Mar. 21 | 6.76% | $1,623 | $2,272 | $2,922 | $3,571 | $4,220 |
| Fri, Mar. 28 | 6.82% | $1,633 | $2,286 | $2,940 | $3,593 | $4,246 |
| One-week change | + 0.06 | + $10 | + $14 | + $18 | + $22 | + $26 |
| Monthly Mortgage Payments for a 15-Year Mortgage | ||||||
|---|---|---|---|---|---|---|
| National average rate | $250,000 | $350,000 | $450,000 | $550,000 | $650,000 | |
| Fri, Mar. 21 | 5.90% | $2,096 | $2,935 | $3,773 | $4,612 | $5,450 |
| Fri, Mar. 28 | 5.88% | $2,093 | $2,931 | $3,768 | $4,606 | $5,443 |
| One-week change | – 0.02 | – $3 | – $4 | – $5 | – $6 | – $7 |
By definition, jumbo 30 year mortgages are larger loans. So below we've run our calculations on loan amounts of $800,000 to $1.2 million.
| Jumbo 30-Year Mortgage Monthly Payments | ||||||
|---|---|---|---|---|---|---|
| National average rate | Loans up to $800,000. | Loan of $900,000. | Loan of $1 Million | $1 Million Loan | Loan of $1.2 Million | |
| Fri, Mar. 21 | 6.77% | $5,199 | $5,849 | $6,499 | $7,149 | $7,799 |
| Fri, Mar. 28 | 6.77% | $5,199 | $5,849 | $6,499 | $7,149 | $7,799 |
| One-week change | No change | + $0 | + $0 | + $0 | + $0 | + $0 |
How We Track Mortgage Interest Rates
The national and state averages cited above are provided as is via the Zillow Mortgage API, assuming a loan-to-value (LTV) ratio of 80% (i.e., a down payment of at least 20%) and an applicant credit score in the 680–739 range. The rates that result are what borrowers will receive when they receive quotes from lenders, based on the qualifications of the borrower. These rates can differ from advertised teaser rate. © Zillow, Inc., 2024. The Zillow Terms and Conditions of Use apply.
Article Sources Investopedia requires that writers use primary sources in order to support their work. These include whitepapers, government data and original reporting as well as interviews with industry experts. Where appropriate, we also reference original research by other reputable publishers. Learn more about our standards for producing accurate and unbiased content by visiting our Editorial policy
Federal Housing Finance Agency "FHFA Announces Conforming Loan Limit Values for 2025."
