Mortgage interest rates are fluctuating slightly, with the average 30-year fixed rate dropping to 6.68% while the 15-year rate rose to 5.93%. Pressure mounts for the replacement of Federal Reserve Chairman Jerome Powell due to inflation data affecting rate cut expectations. Traders sold bonds, causing yields to rise, including the 10-year Treasury rate.

Current national averages for mortgage rates include 30-year fixed at 6.68%, 20-year fixed at 6.43%, and 15-year fixed at 5.93%. Refinance rates are also provided, with 30-year fixed at 6.76%. Remember, these are national averages rounded to the nearest hundredth.

A 30-year fixed mortgage offers lower and predictable monthly payments, while a 15-year fixed rate provides lower interest rates and early payoff benefits. Adjustable-rate mortgages have lower introductory rates but carry future rate risk. Rates are currently stable, with little expected movement in the near future.

Read more at Yahoo Finance: Small moves as home loan rates remain without direction