The current average mortgage rate on a 30-year fixed mortgage is 6.21%, according to the Mortgage Research Center. The average rate on a 15-year mortgage is 5.37%, while the average rate on a 30-year jumbo mortgage is 6.

The BoE trimmed its official interest rate from 4 per cent to 3.75 per cent on Thursday, the sixth cut since August 2024. The reduction had been widely expected as inflation has eased in recent months.

A drop in the inflation rate could prove to be good news for homebuyers and owners hoping to refinance. Here's why.

A weak jobs report wasn't enough to move Treasury yields or mortgage rates this week. Mortgage rates held steady at 6.21%.

There's good and bad news for home shoppers hoping for lower mortgage rates in 2026 — they're likely to fall more in the new year but shouldn't drop much below 6.0%, if they reach that. But the decrease may help you afford a home .

The average rate on a 30-year U.S. mortgage edged lower this week, staying relatively close to its low for the year.

NAR identifies 2026's hottest housing markets using job growth, inventory, and rate data. Minneapolis, Jacksonville and Raleigh offer prime opportunities.