The current average mortgage rate on a 30-year fixed mortgage is 6.51%, compared to 6.72% 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 5.48%, down 3.74% from the previous week.

If you want to lock in a lower rate by refinancing, compare your existing mortgage rate to today’s refinance rates.

 

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