What are today's mortgage interest rates: March 3, 2026?

MoneyWatch: Managing Your Money What are today's mortgage interest rates: March 3, 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 3, 2026 / 9:45 AM EST / CBS News Add CBS News on Google News at the end of February that FreddieMac now had average mortgage interest rates listed under 6% may have been surprising to some borrowers, but for others, it wasn't all that shocking. Mortgage interest rates , depending on the lender, have already been under 6% for multiple weeks. And, right now, qualified borrowers may even be able to secure one closer to 5% . Still, the psychological impact of seeing a sub-6% mortgage rate listed by FreddieMac can't be understated, especially following the volatility in the space in recent years. After hovering near record lows at the beginning of the decade, mortgage rates surged to their highest level since 2000 in 2023, encouraged largely by elevated inflation and Federal Reserve interest rate hikes. But mortgage rates declined again in 2024 and 2025 as the Fed started cutting rates again, and at the start of 2026, there are now once again competitive options worth exploring, both for buyers and owners hoping to refinance their existing loan. So, what are today's mortgage interest rates as of March 3, 2026? That's what we'll outline below. See how low your current mortgage rate options are here . What are today's mortgage interest rates? The average mortgage interest rate on a 30-year mortgage is 5.87% as of March 3, 2026, according to Zillow . The average rate for a 15-year purchase term is now 5.37%. That's around where rates have been sitting in re...