Mortgage rates are fluctuating slightly, with the average 30-year fixed rate at 6.72%. The Mortgage Bankers Association forecasts a decrease to 6.7% by year-end. Refinance rates are higher, with a 30-year fixed rate at 6.70%. Consider your financial situation before buying or refinancing a home, as rates are not expected to plummet. When choosing a mortgage, factors like term length, interest rates, and fixed vs. adjustable rates play a crucial role. To secure the lowest rate, focus on saving, improving credit, and managing debt. Compare APR in addition to interest rates when selecting a lender for the best deal.

Read more at Yahoo Finance: Economists expect rates to stay high