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30-year fixed mortgage ratesThe current average 30-year fixed mortgage rate is 6.94%, according to Freddie Mac.
15-year fixed mortgage ratesThe average 15-year fixed mortgage rate is 6.23%, an increase from the prior week, according to Freddie Mac data.
Mortgage rates started ticking up from historic lows in the second half of 2021 and have increased significantly so far in 2022.
Inflation remains elevated, but has started to slow, which is a good sign for mortgage rates and the broader economy.