Mortgage rates are just under 6%, with a national average of 5.91% for a 30-year fixed rate and 5.44% for a 15-year fixed rate. Refinance rates are slightly higher. Consider using a mortgage calculator to see how different rates and terms affect your payments. Opting for a 15-year mortgage can save you money on interest in the long run, despite higher monthly payments. Locking in a fixed-rate mortgage will keep your rate steady, while an adjustable-rate mortgage may change after an initial period. Forecasts predict mortgage rates hovering around 6% through 2027.

Read more at Yahoo Finance: Rates remain under 6%, for now