U.S. Mortgage Rates Dip to 6.82%, Offering Stability for Homebuyers

The Federal Reserve holds interest rates steady as mortgage rates remain below 7% for the ninth consecutive week.

The national average for a 30-year fixed mortgage dropped to 6.82% on March 19, 2025, after briefly hitting a four-week high the previous day.
Rates for 15-year fixed mortgages decreased to 5.97%, while jumbo 30-year fixed rates fell to 6.87%.
The Federal Reserve maintained its federal funds rate during its March 19 meeting, signaling limited rate cuts for the rest of the year.
State-level 30-year mortgage rates vary, with New York and Florida among the lowest at 6.72% and Vermont among the highest at 6.95%.
Mortgage rates are influenced by Federal Reserve policies, 10-year Treasury yields, and lender competition, contributing to recent stability below 7%.