When will mortgage rates go down? Mideast conflict clouds the outlook.

The national average 30-year rate is near its lowest level since 2022 — now sitting at 6.00%, according to Freddie Mac. What does that mean for the 2026 housing market? Will mortgage rates continue to drop? Are mortgage rates dropping? As of March 5, Freddie Mac reported that the average 30-year fixed-rate mortgage rate was 6.00%. This is two basis points higher than last week, and 63 basis points lower than this time last year. In March 2025, mortgage rates averaged 6.63%. The average 15-year fixed m ...