Current mortgage rates are down 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%. Even though Federal Reserve policy doesn’t directly impact today’s mortgage rates, they have been easing since the Fed began cutting rates in late 2024.

The rate on a 30-year fixed refinance climbed to 6.74% today, according to the Mortgage Research Center. Rates averaged 5.67% for a 15-year financed mortgage and 6.54% for a 20-year financed mortgage.