Mortgage rates are down today and still under 7%. Today’s national average on a 30-year fixed-rate mortgage is 6.79%, according to Bankrate. If you choose a 15-year fixed-rate mortgage, the average rate is 5.

After dramatically shooting up earlier this month, mortgage rates have reversed course the last two weeks. Here's how much rates and monthly payments have improved.

Mortgage rates edged slightly lower, Freddie Mac data released May 1 shows. But what’s in store for home buyers in the next month — and year?