Mortgage rates are currently just below 6%, with some lenders offering rates in the mid-5% range. The 30-year fixed mortgage rate is averaging 5.91%, while the 15-year fixed rate is at 5.36%. Today’s mortgage refinance rates are slightly higher, with the 30-year fixed rate at 5.99% and the 15-year fixed rate at 5.43%. When considering mortgage terms, a 15-year mortgage typically comes with a lower interest rate but higher monthly payments compared to a 30-year term. Adjustable-rate mortgages offer lower initial rates but may increase over time. Mortgage lenders offer the lowest rates to those with high down payments, excellent credit scores, and low debt-to-income ratios. Interest rates may vary depending on location and credit score. Forecasters predict mortgage rates to remain above 6% in the near future.

Read more at Yahoo Finance: Look for lenders offering sub-6% rates