These are today's mortgage and refinance rates. Mortgage rates hold steady as investors weigh the impact of tariffs on Canada, Mexico, and China.

Rates on 15-year new purchase loans fell even more significantly last week, plunging 16 basis points to average 5.98% Friday. Like 30-year loans, 15-year rates sank to a two-year low in September, dropping as far as 4.97% (though the lowest Friday weekly average was 5.07%).

Mortgage rates remain above 7%, but they are moving lower even after the Federal Reserve paused its rate-cutting cycle last week.

The mortgage rate drop provides little relief for prospective shoppers looking ahead to the spring homebuying season.

Mortgage rates are up just a couple of basis points since last week, keeping them near their post-Christmas low. Rates on new 30-year fixed-rate loans averaged 6.98% on Friday, as compared to the 4-week low of 6.93%. 15-year loans saw their Friday-to-Friday average rise a more sizable 8 basis points, now up to 6.14%.