Mortgage Research Center. Rates averaged 5.25% for a 15-year financed mortgage and 5.99% for a 20-year financed mortgage.

The rate on a 30-year fixed refinance dropped to 6.02% today, according to the Mortgage Research Center. Rates averaged 5.27% for a 15-year financed mortgage and 5.93% for a 20-year financed mortgage.

Want to buy a home or refinance your existing one? These are the mortgage interest rates to know now.

Mortgage rates dropped again last week, sparking a small jump in refinancing, but potential buyers were not impressed.

A $400,000 mortgage refinanced at today’s rates could lower monthly payments by roughly $260, though closing costs can offset those savings.

The average 30-year fixed mortgage rate fell to 6.01%, its lowest level since September 2022. Rates have declined for two ...

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