These are today's mortgage and refinance rates. Mortgage rates are down thanks to lower inflation and market fears of an economic slowdown.

Rates on 30-year new purchase mortgages dropped for a fifth day Thursday, slipping another 3 basis points to create a week-long decline of 23 points. The current average of 6.60% establishes a new low point for this year, with the last time rates were cheaper being two weeks before Christmas.

Rates averaged 6.94% the same week in 2024. "This week, mortgage rates decreased to their lowest level in over two months," says Freddie Mac Chief Economist Sam Khater. "The drop in mortgage rates, combined with modestly improving inventory,

If you're in the market to buy a house, don't expect mortgage rates to drop anytime soon. "In the near term, rates are going to be stuck near 7%," said Jonathan Miller, CEO of Miller Samuel Real Estate Appraisers and Consultants.

Mortgage rates fell for the sixth week in a row, offering some financial relief to prospective home buyers. The 30-year mortgage rate averaged 6.76% as of Feb. 27, the lowest rate in over two months,

Coventry Building Society has revealed exactly how much a PCP deal on the latest car models could hit someone's borrowing power.