{"id":469,"date":"2025-03-19T09:04:28","date_gmt":"2025-03-19T10:04:28","guid":{"rendered":"http:\/\/www.pacific-hydro.com\/?p=469"},"modified":"2025-03-21T22:50:24","modified_gmt":"2025-03-21T22:50:24","slug":"mortgage-rates-today-march-19-2025-15-year-mortgage-rates-increase-30-year-rates-steady","status":"publish","type":"post","link":"http:\/\/www.pacific-hydro.com\/index.php\/2025\/03\/19\/mortgage-rates-today-march-19-2025-15-year-mortgage-rates-increase-30-year-rates-steady\/","title":{"rendered":"Mortgage Rates Today: March 19, 2025 \u2013 15-Year Mortgage Rates Increase, 30-Year Rates Steady"},"content":{"rendered":"<\/p>\n
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Currently, the average interest rate<\/a><\/span> on a 30-year fixed mortgage is 6.7%, compared to 6.63% a week ago, according to the Mortgage Research Center.<\/p>\n

For borrowers who want to pay off their home faster, the average rate on a 15-year fixed mortgage is 5.76%, up 0.13 percentage point from the previous week.<\/p>\n

Homeowners who want to lock in a lower rate by refinancing should compare their existing mortgage rate with current market rates<\/a><\/span> to make sure it’s worth the cost to refinance.<\/p>\n<\/p>\n

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30-Year Mortgage Rates<\/h2>\n

Today, the average rate on a 30-year mortgage is 6.7%, compared to last week when it was 6.63%.<\/p>\n

The annual percentage rate (APR) on a 30-year, fixed-rate mortgage is 6.73%. The APR was 6.66% last week. APR<\/a><\/span> is the all-in cost of your loan.<\/p>\n

With today’s interest rate of 6.7%, a 30-year fixed mortgage of $100,000 costs approximately $645 per month in principal and interest (taxes and fees not included), the Forbes Advisor mortgage calculator<\/a><\/span> shows. Borrowers will pay about $132,300 in total interest over the life of the loan.<\/p>\n

15-Year Mortgage Rates<\/h2>\n

Today’s 15-year mortgage<\/a><\/span> (fixed-rate) is 5.76%, up 0.13 percentage point from the previous week. The same time last week, the 15-year, fixed-rate mortgage was at 5.63%.<\/p>\n

The APR on a 15-year fixed is 5.82%. It was 5.69% a week earlier.<\/p>\n

A 15-year, fixed-rate mortgage with today’s interest rate of 5.76% will cost $831 per month in principal and interest on a $100,000 mortgage (not including taxes and insurance). In this scenario, borrowers would pay approximately $49,580 in total interest.<\/p>\n

Jumbo Mortgage Rates<\/h2>\n

The current average interest rate on a 30-year fixed-rate jumbo mortgage (a mortgage above 2025’s conforming loan limit of $806,500 in most areas) is 7.12%. Last week, the average rate was 7.01%.<\/p>\n

If you lock in the latest rate on a 30-year, fixed-rate jumbo mortgage, you will pay $673 per month in principal and interest per $100,000 borrowed, which amounts to $142,417 in total interest over the life of the loan.<\/p>\n

What Affects Mortgage Rates?<\/h2>\n

The Federal Reserve’s restrictive monetary policy – including its interest rate hikes, which it’s using to restrain inflation – is the primary factor that’s pushing long-term mortgage rates higher. The state of the economy and housing market also affects mortgage rates. As for what interest rate the lender might offer you, this depends on your debt-to-income (DTI) ratio and credit score, both of which indicate your risk as a borrower.<\/p>\n

Related:<\/strong> Mortgage Rates Forecast And Trends<\/a><\/span><\/p>\n

How To Compare Mortgage Rates<\/strong><\/h2>\n

Shop around and talk to various lenders to get a sense of each company’s mortgage loan offerings and services. Don’t go with the first lender quote you receive; instead, compare the best mortgage rate<\/a><\/span> quotes to get a deal. In particular, consider what fees they charge, what fees they’re willing to waive and what closing assistance they might provide. Make sure any special offers or discounts don’t come at the cost of a higher mortgage rate.<\/p>\n

Be sure to apply with each lender within a 45-day window. During this window, you can have multiple lenders pull your credit history without additional impact on your credit score.<\/p>\n

Is This a Good Time To Buy a House?<\/h2>\n

Mortgage rates remain elevated, and the nation’s housing supply remains limited. The low inventory is preventing house prices<\/a><\/span> from dropping. Meanwhile, the combination of high mortgage rates and appreciated home values will continue to present an obstacle for many prospective homebuyers seeking affordable housing.<\/p>\n

How Are Mortgage Rates Determined?<\/h2>\n

Mortgage interest rates are determined by several factors, including some that borrowers can’t control:<\/p>\n