Current mortgage rates are unchanged today 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 now.

Mortgage interest rates declined this week to their lowest point in three years. Here's when they could fall again.

Today, the mortgage interest rate on a 30-year fixed mortgage is 6.15%, according to the Mortgage Research Center. On a 15-year fixed mortgage, the average rate is 5.19%, and the average rate on a 30-year jumbo mortgage is 6.

We analyzed “best mortgage lender” reviews on 9 financial sites to find the most-recommended mortgage providers right now

Mortgage rates have already fallen in anticipation of the Fed's rate decision, with the average 30-year fixed rate falling to 6.35% last week.

The rate on a 30-year fixed refinance increased to 6.28% today, according to the Mortgage Research Center. The average rate on a 15-year mortgage refinance is 5.2%. On a 20-year mortgage refinance, the average rate is 5.

When mortgage rates dropped to historic lows in 2021, below 3 percent, Britt Vaughan met with a real estate agent and tried to buy a home in Altadena, California, where he and his wife have lived for more than a decade.

Fed rate cuts may be reshaping borrowing costs, but reverse mortgages follow different rules than other loans.