Andrew Dehan

Rents are falling across the country, which is good news for renters. But what does that mean for renters who want to buy homes?

The current average rate for a 30-year fixed mortgage is 6.28, The average rate you'll pay for a 15-year fixed mortgage is 5.63 percent, and the average rate on a 5/1 ARM is 5.56 percent.

The current average rate for a 30-year fixed mortgage is 6.26, The average 15-year fixed-mortgage rate is 5.58 percent, and the average rate on a 5/1 ARM is 5.60 percent.

Over the last 50 years, mortgage rates have reached both peaks and valleys.

The current average rate for a 30-year fixed mortgage is 6.26, The average rate for the benchmark 15-year fixed mortgage is 5.62 percent, and the average rate on a 5/1 ARM is 5.55 percent.

Whether you're looking to buy or refinance, our daily rates pieces will help you stay up to date on the market's average rates.

Here is Bankrate’s guide to some of the best mortgage lenders.

Whether you're looking to buy or refinance, our daily rates pieces will help you stay up to date on the market's average rates.

Whether you're looking to buy or refinance, our daily rates pieces will help you stay up to date on the market's average rates.

How The Fed's Rate Decisions Move Mortgage Rates