Today, the mortgage interest rate on a 30-year fixed mortgage is 6.25%, according to the Mortgage Research Center, while the average rate on a 15-year mortgage is 5.25%. On a 30-year jumbo mortgage, the average rate is 6.

Mortgage rates dropped to a new yearly low, reaching 6.25% Monday morning, following disappointing manufacturing data from the New York Fed.

It’s about the “arcane underpinnings” of the mortgage-bond market.

Mortgage Research Center. For 15-year fixed refinance mortgages, the average rate is 5.23%, and for 20-year mortgages, the average is 5.92%. Related: Compare Current Refinance Rates 30-Year Refinance

A Michigan credit union is offering a mortgage rate sale for a limited time. But what's next for interest rates and the overall mortgage market?

Buyers have more purchasing power with lower rates, but home prices near record highs and a weakening job market are significant hurdles.

If you’re looking to become a homeowner, now is prime time. The average 30-year fixed mortgage rate fell to its lowest level in almost a year last week, offering relief to those who have been waiting for a better deal.

Mortgage rates have continued downward, but the markets will need to navigate another inflation report before the Fed’s next meeting.