Today’s mortgage interest rates have shifted slightly. The 30-year fixed rate is at 6.72%, while the 15-year fixed rate is at 5.97%. If you’re looking to buy a house, consider locking in a rate now with a mortgage lender offering a rate buydown option to avoid potential rate increases. National averages are rounded to the nearest hundredth.

For those considering mortgage refinancing, rates have also shifted. The 30-year fixed refinance rate is 6.70%, with the 15-year fixed refinance rate at 5.67%. Remember, refinance rates are typically higher than purchase rates, but this isn’t always the case. Rates vary by state and ZIP code.

It’s a relatively good time to buy a house compared to previous years, with home prices stabilizing and experts predicting a potential decrease in values. Mortgage rates are relatively high due to external factors, so it’s essential to base your decision on more than just interest rates. Timing the market is challenging, so buy when it makes sense for you.

In 2025, mortgage rates are expected to lower slightly. Rates may fluctuate day to day but shouldn’t see significant shifts in the near future. Securing a low mortgage refinance rate involves improving your credit score, lowering your debt-to-income ratio, and potentially opting for a shorter loan term for a lower rate.

Read more at Yahoo Finance: Fixed mortgage rates see marginal changes