Today’s mortgage rates are at record lows, with the 30-year fixed home loan rate at 6.09% according to Freddie Mac, and 5.85% on average in the Zillow lender marketplace. Whether it’s a good time to buy a house or refinance depends on current rates and your budget. National averages for various loan types are also provided, showing rates for 30-year, 20-year, 15-year, and VA loans. Consider factors like loan term and interest rates when deciding between a 15-year and 30-year mortgage. Mortgage lenders offer the lowest rates to those with higher down payments, excellent credit scores, and low debt-to-income ratios. To find the best lender, apply for mortgage preapproval with multiple companies and compare not just interest rates, but also the APR to understand the true cost of borrowing. Forecasts predict mortgage rates will stay near current levels through the year.

Read more at Yahoo Finance: This is the sub-6% 30-year fixed rate to beat