3 mortgage rate questions to ask this March

MoneyWatch: Managing Your Money 3 mortgage rate questions to ask this March We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. By Matt Richardson Matt Richardson Sr. Managing Editor, Managing Your Money Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance. Read Full Bio Matt Richardson March 3, 2026 / 11:14 AM EST / CBS News Add CBS News on Google The mortgage interest rate environment in early 2026 is certainly different from that in early 2025, and it's considerably better than it was at a similar point in 2024. Currently, mortgage interest rates are comfortably in the 5% to 6% range , essentially the lowest they've been in multiple years. And with a strategic approach and the potential addition of mortgage points , borrowers may be able to secure a rate closer to 5%. Considering these significant improvements, it may be tempting to jump right into the homebuying process again. And that could still be the right move. But being informed in your approach is always key, especially in today's unpredictable economic terrain. This March, that starts with exploring your current mortgage interest rate options and carefully considering the answers to a series of critical (and timely) questions. Below, we'll break down three specific mortgage rate questions worth asking before diving in. By knowing these answers, you'll be better able to determine your next steps in the homebuying process. Start by seeing how low your current mortgage rate options are here now . 3 mortgage rate questions to ask this March To improve your chances of homebuying success, both this March and in months that follow, it can be helpful to first consider the answers to these three timely questions: Are today's interest rates already low enough to fit my budget? Are today's mortgage ...