Mortgage Rates Fluctuate: Latest Trends and Deals.

Mortgage rates for home purchases are mixed with 15-year rates remaining steady at 5.625%, while 20- and 30-year rates have risen over a quarter of a percentage point. Refinance rates are also mixed, with 20- and 30-year rates remaining unchanged, while 10- and 15-year rates have increased. Homebuyers interested in saving the most should consider a 10- or 15-year term, while those looking for smaller monthly payments may want to consider 20-year rates. The Federal Reserve's actions can influence mortgage rates, but they do not directly set them. Credible offers a free online tool to compare multiple lenders and see prequalified rates.