These are today's mortgage and refinance rates. Mortgage rates have decreased a bit this month, providing some relief for hopeful homebuyers.

Mortgage rates are declining and could drop more by the end of the year, depending on what happens after next week's Federal Reserve meeting.

"While we may see mortgage rates drop modestly in December, anyone expecting a significant change for the better may be disappointed," says Darren Tooley, senior loan officer at Cornerstone Financial Services. Change likely isn't on the horizon for a few reasons, according to Tooley.

The rate on a 30-year fixed refinance dropped today. Refinancing rates for a 30-year, fixed-mortgage are averaging 7.10%, according to Curinos. For 15-year fixed mortgages, the average refinance rate is 6.

A recent CNET survey found that half of US adults would realistically consider purchasing a home or refinancing an existing mortgage if rates were to drop to 4% or below. Yet most

Check your rate online and see how much house you can afford with Mortgage Research Center. Current Mortgage Rates Current Refinance Rates Mortgage Calculator. Use our free mortga

The current average mortgage rate on a 30-year fixed mortgage is 7.01%, according to Curinos. The average rate on a 15-year mortgage is 6.15%, while the average rate on a 30-year jumbo mortgage is 7.03%.

Buying a home can be challenging right now with home prices high, existing homes in short supply, and interest rates still relatively elevated. According to Harvard University, the U.S. home price index is 47% higher than in 2020,