--- source: Freddie Mac url: https://www.freddiemac.com/pmms document_type: html date_retrieved: 2026-03-15 period: Week ending March 12, 2026 parent_publication: Primary Mortgage Market Survey (PMMS) indicators_covered: ["15 Year Mortgage Rate"] --- # Primary Mortgage Market Survey® ## Indicator Mapping - 15 Year Mortgage Rate (source label: 15-year FRM) ## Full Extracted Text - Freddie Mac Home - View sites for Single-Family Division Single-Family Division Insights, products, and technology to help you grow your business. Seller/Servicer Guide Learn how to work with us with our Guide Bulletins and Industry Letters. - Single-Family Division Insights, products, and technology to help you grow your business. Single-Family Division - Seller/Servicer Guide Learn how to work with us with our Guide Bulletins and Industry Letters. 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Job Search - Home - Research & Perspectives - Research # Mortgage Rates Primary Mortgage Market Survey ® (PMMS ® ) results are based on the mortgage rate collected from thousands of loan applications submitted to Freddie Mac through Loan Product Advisor ® (LPA ® ) from lenders across the country when a borrower applies for a mortgage. Learn more in our FAQs . ## Primary Mortgage Market Survey ® U.S. weekly mortgage rate averages as of 03/12/2026 30-year Fixed-Rate Mortgage 6.11% 15-year Fixed-Rate Mortgage 5.50% Download Rates Since 1971 ### Mortgage Rates Inch Higher as Housing Activity Picks Up The 30-year fixed-rate mortgage returned to last month’s level of 6.11%. Despite the modest uptick, buyers are responding to rates in this range, with existing-home sales increasing 1.7% in February. Purchase applications also increased this week, a welcome sign as buyers enter spring homebuying season with rates down more than half a percentage point compared to the same time last year. - The 30-year fixed-rate mortgage averaged 6.11% as of March 12, 2026, up from last week when it averaged 6.00%. A year ago at this time, the 30-year FRM averaged 6.65%. - The 15-year fixed-rate mortgage averaged 5.50%, up from last week when it averaged 5.43%. A year ago at this time, the 15-year FRM averaged 5.80%. PMMS results are released weekly on Thursdays at 12 p.m. ET. and are an average of loan rates offered the prior Thursday through Wednesday. See our publication calendar . ## Compare Historical PMMS Results ## Frequently Asked Questions The PMMS results are based on data from our Loan Product Advisor (LPA): mortgage rates collected from thousands of loan applications submitted to Freddie Mac from lenders across the country when a borrower applies for a mortgage. For more detailed information, see Enhanced Mortgage Rate Survey Explained . We collect the mortgage rate of all purchase applications based on PMMS criteria and a national average mortgage rate is calculated out of all the selected loan applications. The criteria include weekly conventional, single-family originations with conforming loan limits as set by FHFA. PMMS rates are based on applications submitted to Freddie Mac for the given week from lenders across the country. Currently, our lenders are a mix of credit unions, commercial banks and mortgage lending companies. PMMS is published each Thursday at noon ET. When a U.S. holiday falls on a Thursday, the PMMS will publish on the Wednesday of that week. The week of application activity starts at 12:00 a.m. ET the prior Thursday and lasts through 11:59 p.m. ET Wednesday. Therefore, the PMMS results are an average of loan rates offered Thursday through Wednesday. See our publication calendar . ARMs indexed to alternatives to U.S. Treasury securities have become more prevalent in the market. As we worked on enhancing the PMMS , we carefully considered which loan products were most popular for the PMMS borrower profile (good/excellent credit, 20% loans, home purchase loans on owner occupied 1-unit single-family properties). Additionally, in recent years the mortgage market has been dominated by fixed mortgage products. While there has been an uptick recently in the share of adjustable-rate mortgages (ARMs) for the broader mortgage market, ARMs remain most popular for higher loan size (nonconforming) loans. Under the current LPA requirements, fees and points are not always required to be provided by lenders. Therefore, we are not able to report on the average fees and points. Since April 1971, Freddie Mac shared the average 30-year fixed-rate mortgage rate with the PMMS. We have updated the information we collect and the process for gathering data over time. ### Changes in Data Processes When it was launched, PMMS surveyed lenders on the rates and points for their most popular 30-year fixed-rate, 15-year fixed-rate and 5/1 hybrid amortizing adjustable-rate mortgage products. The survey was based on first-lien prime conventional conforming home purchase mortgages with a loan-to-value of 80 percent. In addition, the adjustable-rate mortgage (ARM) products were indexed to U.S. Treasury yields, and lenders were asked for both the initial coupon rate and points as well as the margin on the ARM products. Lenders surveyed each week were a mix of lender types — credit unions, commercial banks and mortgage lending companies — roughly proportional to the level of mortgage business that each type commands nationwide. On November 17, 2022, the mortgage rate gathering process was updated. Instead of surveying lenders, we now use data from our Loan Product Advisor (LPA). ### Changes in Information Shared - In 1984 , the 1-year ARM was added to the survey. - In 1991 , the 15-year fixed-rate mortgage rate was added. - In January 2005 , a 5/1 hybrid ARM series was added. - In January 2016 , the 1-year ARM was discontinued. - In November 2022 , adjustable rates and fees/points were discontinued. For more detailed information, see Enhanced Mortgage Rate Survey Explained . ## PMMS Archives See weekly rates by year in our historical data archive. See Archives ## Questions? Send your questions and comments to our economists. Contact Us Opinions, estimates, forecasts, and other views contained in this document are those of Freddie Mac’s economists and other researchers, do not necessarily represent the views of Freddie Mac or its management, and should not be construed as indicating Freddie Mac’s business prospects or expected results. 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