Mortgage rates moved lower for the second straight day as markets responded to potential de-escalation in the Iran war.  Rates are based on bonds and bonds improved overnight as The President said the war could end even if the Strait of Hormuz was not yet reopened. Additional improvement followed during domestic hours based on headlines that suggested Iranian officials were "ready to end the war." The market reaction might have been bigger had those claims not been contingent on Iran wanting "certain guarantees."  They also came from Iran's President and not the Supreme Leader. Still, stocks, bonds, and oil prices all responded. The bond market response involved additional improvement. As bonds improve, rates move lower.  The net effect for mortgage rates was a move back below 6.50% for top-tier 30yr fixed rates at the average lender. This marks the best 2 days of improvement since the war began, but the caveat is that the larger movements are often seen after rates hit longer-term highs.

March 31, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.47% -0.08%   5.99% 7.08% 15 Yr. Fixed 6.03% -0.09%   5.55% 6.48% 30 Yr. Jumbo 6.60% -0.02%   6.1% 7.2% Compare Mortgage Rates from Local Lenders for Mar 31, 2026 Mortgage Rates Fall Back Below 6.5% Tue, Mar 31, 2026 3:21PM Mortgage rates moved lower for the second straight day as markets responded to potential de-escalation in the Iran war.  Rates are based on bonds and bonds improved overnight as The President said the war could end even if the Strait of Hormuz was not yet reopened. Additional improvement followed during domestic hours based on headlines that suggested Iranian officials were "ready to end the war." The market reaction might have been bigger had those claims not been contingent on Iran wanting "certain guarantees."  They also came from Iran's President and not the Supreme Leader. Sti... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.47% -0.08 0.00 15 Yr. Fixed 6.03% -0.09 0.00 30 Yr. FHA 5.97% -0.01 0.00 30 Yr. Jumbo 6.60% -0.02 0.00 7/6 SOFR ARM 6.16% -0.03 0.00 30 Yr. VA 5.99% -0.01 0.00 Updates Daily - Last Update: 3/31 Freddie Mac Rate Change Points 30 Yr. Fixed 6.38% +0.16 0.00 15 Yr. Fixed 5.75% +0.21 0.00 Updates Weekly - Last Update: 3/26 Mortgage Bankers Assoc. 30 Yr. Fixed 6.43% +0.13 0.65 15 Yr. Fixed 5.83% +0.17 0.80 30 Yr. Jumbo 6.45% +0.06 0.56 Updates Weekly - Last Update: 3/25 UMBS 30YR 5.0 98.56 +0.32   95.71 100.50 UMBS 30YR 5.5 100.42 +0.22   98.11 101.64 10 YR Treasury 4.322 -0.030   3.932 4.590 War Headlines Help Bond Recovery Continue Tue, Mar 31, 2026 10:35AM The focal point of the overnight news cycle was a report that administration officials said Trump is willing to end the war even if the Strait of Hormuz remains closed. Markets rallied nearly as much just before the open when Trump said the hard part is essentially done on the Iran war (and that other countries should just go take their own oil now, or buy i... (read more) MBS Price Change UMBS 4.5 96.44 +0.40 UMBS 5.0 98.54 +0.31 UMBS 5.5 100.42 +0.22 GNMA 4.5 96.49 +0.26 GNMA 5.0 98.94 +0.21 GNMA 5.5 100.57 +0.19 Pricing as of: 3/31 5:12PM EST US Treasury Yield Change 2 YR Treasury 3.799 -0.031 5 YR Treasury 3.950 -0.036 7 YR Treasury 4.137 -0.030 10 YR Treasury 4.325 -0.027 30 YR Treasury 4.919 +0.005 Pricing as of: 3/31 5:12PM EST Other News BBYS, Cybersecurity, AI Assistant Tools; Non-Agency News; STRATMOR on Owning Servicing Tue, Mar 31, 2026 11:52AM Appraisal methodology and analysis have changed over the years, and we’re about to undergo another major alteration with UAD 3.6. Some investors are ahead of the 11/2/26 curve. For example, Newrez is now accepting loans from clients who have adopted the Uniform Appraisal Dataset (UAD) 3.6 Appraisal and Forms Redesign and submitted via the Uniform Collateral ... (read more) Latest Video Job openings and labor turnover came in at 6.88 million in February Fed Gov. Stephen Miran: What's happening in private credit doesn't present ... Fed Gov. Stephen Miran: Traditionally the Fed looks through an oil price sh... Watch CNBC's full interview with Fed governor Stephen Miran Around the Web Investing Live Iran Foreign Minister Araghchi: We will not accept a ceasefire, want a complete end to war Investing Live Fed's Schmid: Inflation is the more salient risk for the economy BLS February hires decrease; job openings and total separations change little Realtor.com Home Value Growth Slows Dramatically in January CNBC Powell sees inflation outlook in check, no wider crisis yet in private credit CNBC Credit card APRs have an 'economically meaningful' impact on consumer spending, Boston Fed finds PR Newswire US Consumer Confidence Inched Up Again in March CNBC Treasury yields fall as traders rethink Fed rate hikes after Powell comments S&P Global S&P Cotality Case-Shiller Index Reports Annual Gain in January 2026 Eye on Housing Soft Construction Labor Market Shows Decline for Open Positions FHFA FHFA House Price Index Up 0.1 Percent in January Eye on Housing NAHB HBGI: Micro Markets Lone Bright Spot for Single-Family Building in Fourth Quarter CNBC Euro zone inflation smashes through ECB target to 2.5% in March as energy costs soar

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