Mortgage rates have dropped this week, with the national average 30-year rate at 6.58% and the 15-year fixed rate at 5.71%. Economists don’t expect rates to fall below 6% this year, but today’s rates are the lowest since October 2024. If you’re looking to buy a house in 2025, consider locking in a mortgage now. Zillow data shows current rates for different types of mortgages, with refinance rates generally higher than purchase rates. Mortgage rates are expected to remain between 6-7% this year, with minor declines anticipated in 2025.

Read more at Yahoo Finance: Mortgage and refinance interest rates today, August 15, 2025: Lowest rates since October