The current average mortgage rate on a 30-year fixed mortgage is 6.63% with an APR of 6.66%, according to the Mortgage Research Center. The 15-year fixed mortgage has an average rate of 5.71% with an APR of 5.

Rates on 30-year new purchase mortgages dropped for a fifth day Thursday, slipping another 3 basis points to create a week-long decline of 23 points. The current average of 6.60% establishes a new low point for this year, with the last time rates were cheaper being two weeks before Christmas.

Trump could order the Treasury Department to start buying mortgage-backed securities, like when the Federal Reserve bought roughly $1.45 trillion of MBSs during the Great Recession. That was popularly known as quantitative easing. Buying MBS can reduce mortgage rates by increasing competition and increasing mortgage market liquidity.

Today, the mortgage interest rate on a 30-year fixed mortgage is 6.64%, according to the Mortgage Research Center. On a 15-year fixed mortgage, the average rate is 5.72%, and the average rate on a 30-year jumbo mortgage is 7.

The yield on the 10-year Treasury bond continues to inch lower and that’s having the effect of pulling down mortgage rates. The bond’s yield has fallen fro

These are today's mortgage and refinance rates. Mortgage rates are way down today, but it's unclear if they'll stay this low.