Mortgage rates are on the rise, with the average 30-year fixed rate at 6.10% and the 15-year fixed rate at 5.55%. These are national averages, so rates may vary depending on location and lender. Consider shopping around with multiple mortgage lenders for the best rates and fees. Refinance rates are typically higher than purchase rates. Use a mortgage calculator to see how different terms and rates affect your monthly payments. Factors like credit score, down payment, and debt-to-income ratio can impact the rate you qualify for. Rates are not expected to drop significantly in the near future.

Read more at Yahoo Finance: As rates rise, comparing offers is crucial