These are today's mortgage and refinance rates. Mortgage rates have held relatively steady this month, and where they go next depends on the economy.

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Thinking about taking out a mortgage loan? Current mortgage rates drop to 6.88% for 30-year terms, while 15-year terms fall to 6.13%.

The current median interest rate is 6.88% for a 30-year fixed-rate mortgage and 6.13% for a 15-year fixed-rate mortgage

Long-term mortgage costs have risen since the Federal Reserve started cutting interest rates in September as the yield curve has steepened.

Thinking about taking out a mortgage loan? Current mortgage rates hold at 6.99% for 30-year terms, while 15-year terms remain at 6.25%.

These are today's mortgage and refinance rates. Mortgage rates have been flat. But they should fall next year as long as inflation continues to slow.

After three days of ticking downward, 30-year mortgage rates inched up a bit Friday, wavering in a narrow range. Other loan types saw mixed rate movement.

The average 30-year mortgage rate in the United States is just under 7% as of this writing, but it wasn't too long ago when rates below 4% -- and even 3% -- were the industry standard.Unlock a bonus worth $250 and pause interest into 2026 – this credit card is the perfect combo!

A report by Fannie Mae predicts that the mortgage rate will hover around 5.7% in 2025, a slight dip from the 6% rate expected through December 2024.