Mortgage and refinance interest rates today, March 28, 2026: Rates reach 6-month high

Core Insights - Mortgage rates have reached a nearly six-month high, with the current 30-year fixed rate at 6.47%, an increase of 10 basis points from the previous Friday, marking the highest level since late September [1] - The 15-year fixed rate has also increased by five basis points to 5.90% [1] Current Mortgage Rates - The national average for various mortgage types includes: - 30-year fixed: 6.47% - 20-year fixed: 6.50% - 15-year fixed: 5.90% - 5/1 ARM: 6.71% - 7/1 ARM: 6.56% - 30-year VA: 5.99% - 15-year VA: 5.55% - 5/1 VA: 5.53% [4] Refinance Rates - Today's mortgage refinance rates are generally higher than purchase rates, although this is not always the case [3] Market Conditions - Compared to a couple of years ago, the current housing market is more favorable for buyers, as home prices are not spiking like during the COVID-19 pandemic [15] - Despite the recent increase in mortgage rates, they remain slightly lower than the same time last year [15] Rate Variability - Mortgage rates can vary significantly by source, with Zillow reporting a 30-year mortgage rate of 6.47%, while Freddie Mac reported a lower rate of 6.38% [17] - Variability in rates is influenced by factors such as state, ZIP code, lender, and loan type [17] Future Rate Predictions - Forecasts from the MBA suggest that the 30-year mortgage rate will be around 6.10% through 2026, while Fannie Mae predicts a rate near 6% by the end of the year [18]