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The current mortgage rate on a 30-year fixed mortgage fell by 0.02 percentage point in the last week to 7.35%, according to Curinos. Meanwhile, the APR on a 15-year fixed mortgage dropped 0.03 percentage point during the same period to 6.

These are today's mortgage and refinance rates. Mortgage rates have increased this month, and it's unclear if they'll drop much this year.

These are today's mortgage and refinance rates. The economy has remained strong in recent months, keeping mortgage rates elevated.

The rate on a 30-year fixed refinance dropped today. The average rate for refinancing a 30-year fixed mortgage is currently 7.42%, according to Curinos. For refinancing a 15-year mortgage, the average rate is 6.

After climbing to their most expensive level in more than seven months, 30-year mortgage rates held steady Tuesday. Rate movement was mixed for other loan types.