Mortgage and refinance interest rates today, March 20, 2026: Up nearly a quarter point in 2 weeks

Core Insights - Mortgage rates have increased significantly, with the average 30-year fixed mortgage rate rising by 11 basis points to 6.22% for the week ending Wednesday, marking two consecutive weeks of increases [1][14]. Current Mortgage Rates - The current national average mortgage rates include: - 30-year fixed: 6.22% - 15-year fixed: 5.54% [14] - Additional rates include: - 20-year fixed: 6.24% - 5/1 ARM: 6.39% - 7/1 ARM: 6.49% [5] Mortgage Rate Trends - Mortgage rates have risen from three-year lows, influenced by geopolitical events such as the U.S.-Israel war on Iran, with expectations that rates will not decline significantly through the end of 2026 [13]. - Forecasts suggest that the 30-year mortgage rate will remain around 6.10% through 2026, with predictions of rates near 6.0% for 2027 [15][17].