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.

Mortgage interest rates slipped lower over the past week, settling at the lowest level of 2025, but remaining elevated enough to stifle normal levels of buying and selling in the housing market.

Mortgage rates inched down to their lowest level in six weeks, but the drop wasn’t enough to lure home buyers back into the game. The chill could be a sign of what’s to come during the spring home-buying season.