Mortgage rates are down today and still under 7%. Today’s national average on a 30-year fixed-rate mortgage is 6.82%, according to Bankrate. If you choose a 15-year fixed-rate mortgage, the average rate is 6.

These are today's mortgage and refinance rates. Mortgage rates are down after spiking last week, but where they go next depends on inflation.

After dramatically shooting up earlier this month, mortgage rates have reversed course the last two weeks. Here's how much rates and monthly payments have improved.