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Current mortgage rates on March 28, 2025

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See Friday's report on average mortgage rates on different types of home loans so you can pick the best mortgage for your needs as you house shop
On March 28, 2025, mortgage rates have seen a slight decrease, with the average 30-year fixed-rate mortgage at 6.87%, down from last week's 6.94%, according to Freddie Mac. The 15-year fixed-rate mortgage also dropped to 6.21% from 6.27%. This slight dip in rates comes amidst ongoing economic recovery efforts and inflation management by the Federal Reserve. Despite the decrease, rates remain higher than historical averages, impacting home affordability and continuing to challenge potential buyers in the housing market.

Read the Full Fortune Article at:
[ https://fortune.com/2025/03/28/current-mortgage-rates-03-28-25/ ]