Mortgage rates remain steady, with the average 30-year fixed rate at 6.13% and 15-year fixed rate at 5.53%. Refinance rates are slightly higher. Consider factors like term length and interest rates when choosing between a 15-year and 30-year mortgage. Fixed-rate mortgages lock in your rate, while adjustable-rate mortgages change after a certain period. To get the best rate, focus on improving credit score, saving for a higher down payment, and lowering debt-to-income ratio. Apply for mortgage preapproval with multiple lenders to compare rates and APR. National averages may vary by location.

Read more at Yahoo Finance: Rates are holding in a tight orbit