U.S. mortgage rates edged down to a two-year low this week, which could provide a further boost to refinancing activity, though many potential home buyers remain on the sidelines.

Mortgage rates showed little movement this week with 15-year mortgages ticking up, but the average 30-year fixed-rate mortgage inched down to the lowest level since 2022.

The average rate on a 30-year fixed-rate mortgage reached its lowest level in two years, with rates averaging 6.08% as of Thursday according to Freddie Mac data.

These are today's mortgage and refinance rates. Mortgage rates are low after dropping for several months. But it could be a while before they drop again.

The average rate on a 30-year fixed-rate mortgage remained nearly unchanged this week but reached its lowest level in two years.

Not only have home prices been elevated due to a glaring lack of real estate inventory, but mortgage rates have been elevated as well. That combination has been brutal for buyers. But in the coming months,

See current 30-year refinance rates and how they've been trending. Find the lowest rates to save on your mortgage, lower your payments, or access home equity.

The rate on a 30-year fixed refinance jumped today. The current 30-year, fixed-rate mortgage refinance rate is averaging 6.81%, according to Curinos, while 15-year, fixed-rate refinance mortgages average of 5.