Today, the mortgage interest rate on a 30-year fixed mortgage is 6.64%, according to the Mortgage Research Center. On a 15-year fixed mortgage, the average rate is 5.72%, and the average rate on a 30-year jumbo mortgage is 7.

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 average rate on a 30-year mortgage in the U.S. eased for the sixth week in a row, a welcome boost in purchasing power for home shoppers just as the annual spring homebuying season gets going.