Mortgage rates today: 30-year fixed drops to 6.30% How low can the 30-year fixed rate go? Is now the right time to refinance or buy a home?

Mortgage rates dropped this week. The 30-year fixed rate is now 6.30%. This is 41 basis points below the 52-week average. The 15-year fixed rate fell to 5.53%, 35 basis points under the years average. These rates make now a good time to buy a house or refinance. With rates lower than most of 2025, homebuyers can save money. Refinancing demand is picking up, especially for loans over 6%. Check todays mortgage and refinance rates and see if its right for you.