The current average mortgage rate on a 30-year fixed mortgage is 6.78% with an APR of 6.81%, according to the Mortgage Research Center. The 15-year fixed mortgage has an average rate of 5.91% with an APR of 5.

Tight conditions are squeezing buyers across the country. In Westchester County, New York, real estate agent Pamela Grunstein is navigating a market that has 1.6 months of supply – a far cry from the 6 months or so that’s long been considered the sign of an evenly balanced market.

With the spring homebuying season quickly approaching, buyers should know the mortgage rate forecast for March.

Mortgage rates for 30-year loans increased slightly but are still hovering near their lowest level of 2025. Rate movement was mixed for other loan types.

Mortgage rates are not expected to move much for the remainder of 2025. Fannie Mae estimating that 30-year mortgage rates will average 6.8%.