Mortgage rates are slightly below 6%, with the average 30-year fixed rate at 5.91% and the 15-year fixed rate at 5.44%. These rates are national averages and rounded to the nearest hundredth. Mortgage refinance rates are often higher than rates for buying a house. Remember to shop around for the best rates. The MBA and Fannie Mae predict 30-year mortgage rates to be around 6% through the end of the year. It’s essential to have a higher down payment, excellent credit score, and low debt-to-income ratio for the lowest mortgage rates. Consider different mortgage terms and rates to find the best fit for your financial situation.

Read more at Yahoo Finance: Mortgage and refinance interest rates today, February 2, 2026: Bubbling under 6%