Today’s average interest rate on a 30-year purchase mortgage is 7.521%, which is lower than yesterday’s reading of 7.555%, according to Zillow data provided to U.S. News. For refinancing mortgages, today’s 30-year rate is 7.639%, and the current 15-year rate is 6.676%.

Mortgage rates have been moving steadily downward for about a week, receding from well above 7.7% after consecutive days of declines. However, given today’s consumer price index report, which showed inflation rose at a slightly faster pace than economists forecasted, it’s likely that mortgage rates will rise in the coming days.