The rate on a 30-year fixed refinance decreased to 6.7% today, according to the Mortgage Research Center. For 15-year fixed refinance mortgages, the average rate is 5.66%, and for 20-year mortgages, the average is 6.

Rates on 30-year new purchase mortgages dropped for a sixth day Thursday, ticking down 1 basis point to an average of 6.59%. In the past six days, the flagship rate has shed 24 points. The current average of 6.59% establishes a new low point for this year.

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

The current mortgage rate on a 30-year fixed mortgage fell by 0.20 percentage point in the last week to 6.6%, according to the Mortgage Research Center. Meanwhile, the APR on a 15-year fixed mortgage dropped 0.

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,

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.