The current average mortgage rate on a 30-year fixed mortgage is 6.87%, compared to 6.84% a week earlier, according to the Mortgage Research Center. For borrowers who want a shorter mortgage, the average rate on a 15-year fixed mortgage is 5.

If you look at the biggest industry forecasts, analysts predict that mortgage rates will either hold steady or drop slightly in the near term. Fannie Mae currently predicts that the average 30-year mortgage rate will end the first quarter at around 6.7%, while the Mortgage Bankers Association predicts a much higher 7%.

See current 30-year refinance rates and how they've been trending. Find the lowest rates to save on your mortgage, lower your payments, or access home equity.

Mortgage rates have been on a vacation from volatility since January 16th when they fell back toward 7% after hitting the highest levels since May 2024. Top tier 30yr fixed rates have operated inside a 0.

For his part, Lewis says mortgage rates are poised to drop in February, after climbing above 7% in January. “The direction of consumer prices will have the strongest effect on mortgage rates in February. The core inflation rate should decline further, giving bond yields and mortgage rates room to fall, but not by a lot,” says Lewis.

The average rate on a 30-year mortgage in the U.S. eased for the third week in a row, a smidgen of relief for prospective home shoppers getting into the market before the busy spring homebuying season starts.

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Mortgage rates in the US dropped for a third straight week,

The rate on a 30-year fixed refinance decreased to 6.93% today, according to the Mortgage Research Center. The 15-year, fixed-rate refinance mortgage average rate is 5.89%. For 20-year mortgage refinances,

Mortgage interest rates have fallen to their lowest point since mid-December, and have remained under 7% for the third consecutive week. The average rate on a 30-year fixed-rate mortgage fell

The average 30-year fixed-rate mortgage dropped to 6.89 percent in the first week of February, per Freddie Mac.

Freddie Mac reports its Primary Mortgage Market Survey shows the 30-year fixed-rate mortgage averaged 6.89%, pulling back from the 7% level. “The 30-yea