National average mortgage rates are at 5.91% for a 30-year fixed rate and 5.44% for a 15-year fixed rate. Shop around for potentially lower rates. Refinance rates are higher, averaging 6.09% for a 30-year fixed. Consider your goals when choosing between a 15-year and 30-year mortgage for lower interest and faster pay off.

Fixed-rate mortgages lock in your rate, while adjustable-rate mortgages can change after a set period. Rates vary based on economic factors. Lower rates are typically offered to those with higher down payments, good credit scores, and low debt-to-income ratios. Focus on personal finances to secure the best rate.

To find the best mortgage lender, get pre-approved with multiple companies. Compare APR, which includes interest rate, discount points, and fees. Average rates may vary by location, with more expensive areas typically having higher rates. Forecasts predict 30-year rates near 6.1% through 2026.

Read more at Yahoo Finance: Hitting the target range for many rate watchers