Today’s average 30-year fixed mortgage rate is around 7.6%, with 15-year fixed rates near 6.9%. Adjustable-rate mortgages (ARMs) offer initial rates of about 6.5%. Rising rates have tempered buyer demand, but well-qualified borrowers may still find competitive options with strategic planning.
Lock in a rate soon if you’re in the market, as rates continue to fluctuate due to economic conditions