These are today's mortgage and refinance rates. Mortgage rates are down this week. If you're thinking about buying, now could be a good time to do so.

If you're planning to buy a house soon, it helps to know what could happen with the mortgage rate environment.

My husband and I had put off buying our "forever home" for some time, holding onto our smallish condo with the 2.75% mortgage rate we scored during the pandemic. Over the last few years, we've watched supply remain stagnant while property values continue their steady upward march.

See average mortgage rates today and learn about what influences rates, how they compare to previous years, and what borrowers can expect in 2025.