The rate on a 30-year fixed refinance declined to 6.94% today, according to the Mortgage Research Center. The average rate on a 15-year mortgage refinance is 5.96%. On a 20-year mortgage refinance, the average rate is 6.

Mortgage rates for 30-year loans increased slightly but are still hovering near their lowest level of 2025. Rate movement was mixed for other loan types.

Tight conditions are squeezing buyers across the country. In Westchester County, New York, real estate agent Pamela Grunstein is navigating a market that has 1.6 months of supply – a far cry from the 6 months or so that’s long been considered the sign of an evenly balanced market.