Mortgage rates have remained stable, with the national average 30-year fixed rate at 6.21% and the 15-year fixed rate at 5.47%. Purchase applications are up 10% from last year. Zillow data shows current rates for various mortgage options, with the 30-year fixed rate at 6.06%. Refinance rates are slightly higher, with the 30-year fixed rate at 6.13%. Fixed-rate mortgages lock in rates for the loan term, while adjustable-rate mortgages change periodically. Economists expect rates to stay around 6.4% through 2026, with little change in 2027. Fannie Mae predicts rates dipping to 5.9% in late 2026.

Read more at Yahoo Finance: Stable rates push purchase applications 10% higher