Mortgage rates are at least a half-point lower than last year, with the national average 30-year fixed rate at 6.22%. The 15-year rate is at 5.50%, down from last year. Current rates according to Zillow: 30-year fixed at 6.11%, 20-year fixed at 6.00%, 15-year fixed at 5.62%, and more. Refinance rates are also lower, with a 30-year fixed at 6.27%, 20-year fixed at 6.19%, 15-year fixed at 5.77%, and more. Fixed-rate mortgages offer predictability, while adjustable-rate mortgages have changing rates over time. Mortgage interest rates are expected to fluctuate slightly for the rest of the year.

Read more at Yahoo Finance: Annual rate down by a half-point