Mortgage rates have decreased this week, with the average 30-year fixed rate dropping to 6.18% and the 15-year fixed rate down to 5.51%. Now could be a good time to buy a house with less competition and lower stress. Here are the current national averages for mortgage rates: 30-year fixed: 6.18%, 15-year fixed: 5.51%. Mortgage refinance rates are also available, such as 30-year fixed: 6.29%, 15-year fixed: 5.77%. Consider factors like interest rates and loan terms when deciding between a 15-year and 30-year mortgage. Adjustable-rate mortgages offer varying rates over time, but fixed rates provide stability. Lowest rates are typically offered to those with high credit scores and low debt.

Read more at Yahoo Finance: Mortgage and refinance interest rates today for October 20, 2025: Weekly rates drop