Mortgage rates are down and still under 7%. Today’s national average on a 30-year fixed-rate mortgage is 6.86%, according to Bankrate. If you choose a 15-year fixed-rate mortgage, the average rate is 6.

The Federal Reserve is expected to hold interest rates steady today. Here's what that means for prospective homebuyers.

After jumping for two days, 30-year mortgage rates have now followed that with a two-day decline. Rates have retreated for many other loan types as well.