The current average mortgage rate on a 30-year fixed mortgage is 6.9%, compared to 6.83% a week earlier, according to the Mortgage Research Center. For borrowers who want a shorter mortgage, the average rate on a 15-year fixed mortgage is 5.

According to the latest data from Freddie Mac’s Primary Mortgage Market Survey, the average 15-year fixed mortgage rate is currently around 6.00%. That’s nearly a full percentage point lower than the average 30-year fixed mortgage rate, which is sitting in the upper 6.00% range.

After rising for two days, 30-year new purchase mortgage rates shaved off several points Thursday, moving the average back down to 6.87%. Rates declined for many other mortgage types as well. Since rates vary widely across lenders,

The current mortgage rate on a 30-year fixed mortgage fell by 0.04 percentage point in the last week to 6.85%, according to the Mortgage Research Center. Meanwhile, the APR on a 15-year fixed mortgage climbed 0.