Today, the mortgage interest rate on a 30-year fixed mortgage is 6.85%, according to the Mortgage Research Center, while the average rate on a 15-year mortgage is 5.86%. On a 30-year jumbo mortgage, the average rate is 7.

These are today's mortgage and refinance rates. Mortgage rates are holding steady as investors wait to see how tariffs could impact the economy.

Mortgage rates fluctuate daily, so a little volatility can always be expected. On Monday, the average rate on a 30-year fixed mortgage was around 6.96%, according to Bankrate data, which is 0.15% lower than January's peak of 7.11%. But February could see more turbulence than usual.