National mortgage rates for March 26, 2015

Interest Rate Roundup

Find the best mortgage rates in your area.


  • 30-year fixed: 3.8%
  • Average points: 0.25

Mortgage rates fell this week, according to Bankrate's latest survey of interest rates.

The average rates for 30-year and 15-year fixed-rate mortgages dropped 11 basis points to 3.8 percent and 3.04 percent, respectively. A basis point is one-hundredth of 1 percent.

The average rate for a 30-year jumbo mortgage fell 8 basis points to 3.92 percent. A jumbo mortgage is typically a loan that exceeds $417,000.

The average rate for a 5/1 adjustable-rate mortgage fell 6 basis points to 3.14 percent. With a 5/1 ARM, the rate is fixed for five years and adjusted annually thereafter.

This week's rates were affected by the Federal Reserve holding back on the timing of a rate hike at its recent meeting.

"Mortgage rates returned to the lowest point of 2015, a level seen three previous times from mid-January to early February. The catalyst was the Federal Reserve's downgrading of economic and inflation expectations for this year, which pushed back the expected timing of an initial interest rate hike," says Greg McBride, CFA, Bankrate's chief financial analyst.

"Both bond yields and mortgage rates moved lower as expectations on the timing of interest rate hikes are tempered," McBride says. "Mortgage rates are closely related to yields on long-term government bonds."




Show Bankrate's community sharing policy
          Connect with us

Timely market news and advice for consumers ready to buy, sell or invest in real estate. Delivered weekly.


Holden Lewis

Jobs rise and so will rates

With the economy growing by 295,000 jobs in February, it looks like rising mortgage rates are here to stay.  ... Read more

Partner Center

Connect with us