Freddie Mac’s benchmark rate survey shows the rate on a 30-year fixed-rate mortgage increased to 6.67% for the week ending March 20.

Today’s average mortgage rate on a 30-year fixed-rate mortgage is 6.6%, up 0.04 percentage point from the previous week, according to the Mortgage Research Center. Borrowers may be able to save on interest costs by going with a 15-year fixed mortgage,

Mortgage rates have come down from their recent peak, but it could be a sign of overall economic weakness and a potential recession.