The current average mortgage rate on a 30-year fixed mortgage is 6.78% with an APR of 6.81%, according to the Mortgage Research Center. The 15-year fixed mortgage has an average rate of 5.91% with an APR of 5.

Tight conditions are squeezing buyers across the country. In Westchester County, New York, real estate agent Pamela Grunstein is navigating a market that has 1.6 months of supply – a far cry from the 6 months or so that’s long been considered the sign of an evenly balanced market.

Since rates vary widely across lenders, it's always smart to shop around for your best mortgage rate and compare rates regularly, no matter the type of home loan you seek. For a second consecutive day,

Mortgage refinance rates stayed flat at 6.87% today, according to the Mortgage Research Center. For 15-year fixed refinance mortgages, the average rate is 5.9%, and for 20-year mortgages, the average is 6.