Mortgage rates have seen minimal changes recently, with the national average 30-year fixed rate dropping one basis point to 6.74%, and the 15-year fixed rate falling five basis points to 5.87%. Despite positive economic trends, rates are not expected to decrease significantly in the near future. Refinance rates are often higher than purchase rates. Mortgage rates are predicted to stay above 6% through 2026, according to Fannie Mae and the MBA. The MBA forecasts a 6.8% rate in Q3 2025 and a 6.7% rate by year-end. Rates are not expected to see significant changes in the coming months.

Read more at Yahoo Finance: Mortgage rates are slightly lower than last summer