The current average mortgage rate on a 30-year fixed mortgage is 6.23%, compared to 6.36% a week earlier, according to the Mortgage Research Center. For borrowers who want a shorter mortgage, the average rate on a 15-year fixed mortgage is 5.

Even in a market where buyers should have the upper hand, misperceptions about FHA loans can create barriers.

Refinancing a mortgage because interest rates have dropped can cut monthly payments and build home equity faster. Here’s how to decide if it’s time.

The rate on a 30-year fixed refinance declined to 6.32% today, according to the Mortgage Research Center. The 15-year, fixed-rate refinance mortgage average rate is 5.37%. For 20-year mortgage refinances,

The average rate on a 30-year U.S. mortgage edged higher this week, though it remains relatively near its low point so far this year.

Explore current mortgage rates and what they mean for homebuyers