Current mortgage rates are unchanged and lower than they were seven days ago. Rates are lower than they were in early 2025, when the average 30-year fixed-rate mortgage reached above 7%. But rates are still relatively high as fears around stubborn inflation have kept the Federal Reserve from lowering its benchmark rate until recently.

Today, the mortgage interest rate on a 30-year fixed mortgage is 6.18%, according to the Mortgage Research Center. On a 15-year fixed mortgage, the average rate is 5.34%, and the average rate on a 30-year jumbo mortgage is 6.

Freddie Mac’s latest Primary Mortgage Market Survey (PMMS) shows the average 30-year fixed-rate mortgage (FRM) fell to 6.15% this week.  “After sta

While homebuyers should not expect a drastic reduction in mortgage rates in the near term, rates could continue to fall through 2026. Fannie Mae predicts that mortgage rates will start off 2026 at 6.2% and drop to 5.9% by the end of the year. On the other hand, the Mortgage Bankers Association sees mortgage rates holding steady at 6.4% this year.

The rate on a 30-year fixed refinance rose to 6.22% today, according to the Mortgage Research Center. The average rate on a 15-year mortgage refinance is 5.32%. On a 20-year mortgage refinance, the average rate is 6.

Mortgage rates are the interest rates charged by the mortgage holder, typically a bank, to the borrower, typically a homeowner. Mortgage rates have a significant impact on home prices, monthly mortgage payments, and the health of the overall housing market.

Homebuyers hoping for mortgage rates to come down significantly will likely be disappointed again next year, experts say.

Typically, the debt must be paid back upon a borrower’s death or the sale of the home. Reverse mortgages can be risky, because they may limit your ability to downsize your home or move to a care facility. And there may be no equity left if you intend to leave your home to any heirs.

Mortgage lender Avant Money has announced a series of measures relating to its mortgage offering. Fixed mortgage rates have been reduced by up to 0.35%, the company said.

US President Donald Trump is directing Fannie Mae and Freddie Mac to purchase $200 billion in mortgage bonds, a move he cast as his latest effort to bring down housing costs ahead of the November midterm election.