Today's average mortgage rate on a 30-year fixed-rate mortgage is 6.52%, down 2.28% from the previous week, according to the Mortgage Research Center. Borrowers may be able to save on interest costs by going with a 15-year fixed mortgage,

The average rate on a 30-year U.S. mortgage has fallen to its lowest level in four months, welcome news for prospective homebuyers who have been held back by stubbornly high home financing costs. The long-term rate fell to 6.

Explore current mortgage rates and what they mean for homebuyers.