Mortgage Rates March 1 2024. 30 year mortgage rate is at 6.35%, compared to 6.46% last week and 7.23% last year. Find today’s mortgage rates and learn about the key factors impacting mortgage rates.

“our house view is that we will see [federal funds] rates hold steady through the end of the year and that we will see the first rate cut in march of 2024,” says matthew vance,. The forecast was last updated in november 2023.