On Wednesday, the Federal Open Market Committee (FOMC) declined to lower the federal funds rate. The target rate has remained at a range of 3.50% to 3.75% since December 2025. Adjustments to the fed ...
As of March 12, Freddie Mac reported that the average 30-year fixed-rate mortgage rate was 6.11%. This is 11 basis points higher than last week, and 54 basis points lower than this time last year. In ...