Mortgage rates are changing! This news is about how much it costs to borrow money to buy a house. The cost is shown as a percentage called an interest rate. These rates have recently gone down a bit.
- The 30-year mortgage rate is now 6.27%.
- The 15-year rate is 5.57%.
- These are average rates across the whole country.
- Experts don't expect rates to drop much more soon.
| Mortgage Type | Rate |
|---|---|
| 30-year fixed | 6.27% |
| 15-year fixed | 5.57% |
