These are today's mortgage and refinance rates. Mortgage rates are down thanks to lower inflation and market fears of an economic slowdown.

Rates on 30-year new purchase mortgages dropped for a fifth day Thursday, slipping another 3 basis points to create a week-long decline of 23 points. The current average of 6.60% establishes a new low point for this year, with the last time rates were cheaper being two weeks before Christmas.

"This week, mortgage rates decreased to their lowest level in over two months," says Freddie Mac Chief Economist Sam Khater. "The drop in mortgage rates, combined with modestly improving inventory, is an encouraging sign for consumers in the market to buy a home."

These are today's mortgage and refinance rates. Mortgage rates are the lowest they've been since December, but it's unclear where they'll go next.

This week, mortgage rates decreased to their lowest level in over two months. The drop in mortgage rates, combined with modestly improving inventory, is an encouraging sign for consumers in the market to buy a home,

The yield on the 10-year Treasury bond continues to inch lower and that’s having the effect of pulling down mortgage rates. The bond’s yield has fallen fro