These are today's mortgage and refinance rates. Mortgage rates are down today, but the potential for volatility remains.

Mortgage rates are influenced by various factors, including market conditions and your personal credit and financial situation. Mortgage rates change frequently, but you can minimize the fluctuations by requesting a rate lock.

Every Thursday, Freddie Mac, a government-sponsored buyer of mortgage loans, publishes a weekly average of 30-year mortgage rates. This week's reading dipped 2 basis points to 6.81%. Last September, the average sank as far as 6.08%. But back in October 2023, Freddie Mac's average saw a historic rise, surging to a 23-year peak of 7.79%.