The 30-year fixed rate and 5/1 adjustable (ARM) mortgage interest rates. Source: Freddie Mac Mortgage Rate Survey. Note that Freddie Mac stopped providing the ARM mortgage rate in November 2022 because there were insufficient ARM applications and so the rate information was deemed unreliable. Mortgage interest rates are a closely watched indicator of buyers ability to repay loans and indirectly, buyer demand and willingness to offer at/over asking for homes. Mortgage rate forecast (green) is the Mortgage Banker Association forecast. Source: Forecasts and Commentary.