What are today's mortgage interest rates: March 2, 2026?

MoneyWatch: Managing Your Money What are today's mortgage interest rates: March 2, 2026? 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 2, 2026 / 12:22 PM EST / CBS News Add CBS News on Google After a February in which the Federal Reserve didn't hold a meeting , homebuyers and homeowners find themselves looking at the March calendar, wondering about what the central bank could do when it meets again later this month. After all, the Fed cut interest rates three times in the final four months of 2025, leading to more affordable borrowing opportunities both for buyers and owners looking to refinance. And with new data showing declines in unemployment and inflation , the central bank will have plenty to evaluate when it meets again on March 17 and March 18, though the odds of a rate cut at the meeting currently appear low. That said, mortgage interest rates may already be low enough to justify taking action now. They declined by more than a full percentage point in 2025 , and there are currently multiple ways in which qualified borrowers can secure rates in the 5% range. So, waiting for mortgage rates to decline further may not only be risky, it may not even be needed if today's rates fit your budget and goals. Before getting started, it helps to know where mortgage interest rates actually stand today, as of March 2, 2026. That's what we'll break down below. Compare your current mortgage rate options online here . What are today's mortgage interest rates? The average mortgage interest rate on a 30-year term is 5.75% as of March 2, 2026, according to Zillow . The average rate on a 15-yea...