Mortgage Rates Stable After Fed Hold

By Norman Metanza

The Federal Reserve has maintained its key interest rate between 3.50% and 3.75%, a decision that has helped stabilize mortgage rates after three cuts in late 2025. This stability means borrowers can currently find competitive 30-year mortgage rates around 6.12% and 15-year rates at 5.62%, notably lower than a year ago.

The Federal Reserve has maintained its federal funds rate between 3.50% and 3.75%, a decision confirmed by FOXBusiness on March 18, 2026, following three consecutive cuts in late 2025.
This action by the Fed has contributed to relatively stable mortgage interest rates, with the average 30-year mortgage rate reported at 6.12% as of March 19, 2026.
The average 15-year mortgage rate is 5.62% as of March 19, 2026, a figure consistent with Bankrate's reporting of national averages around 5.64% for the same period.
Borrowers are advised to consider their options promptly, as these rates remain competitive.
As reported by Freddie Mac, current rates are notably lower than a year ago, when the 30-year fixed-rate mortgage averaged 6.67% and the 15-year averaged 5.83%.

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