Today’s average mortgage rate on a 30-year fixed-rate mortgage is 6.76%, down 0.05 percentage point from the previous week, according to the Mortgage Research Center. Borrowers may be able to save on interest costs by going with a 15-year fixed mortgage,

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.

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

The rate on a 30-year fixed refinance decreased to 6.72% today, according to the Mortgage Research Center. The 15-year, fixed-rate refinance mortgage average rate is 5.69%. For 20-year mortgage refinances,