Thinking about taking out a mortgage loan? Current mortgage rates hold at 6.00% for 30-year terms, while 15-year terms stay at 5.25%. Valerie Morris is a content editor with a focus on personal finance.

The current mortgage rate on a 30-year fixed mortgage rose by 0.02 percentage point in the last week to 6.67%, according to Curinos. Meanwhile, the APR on a 15-year fixed mortgage dropped 0.05 percentage point during the same period to 5.

Mortgage rates have generally been moving higher since the Fed cut rates 2 weeks ago.  We've discussed and explained that paradox exhaustively and can now move back to tracking the normal array of cause and effect in the rate market.

Buy mortgage points: Mortgage points are fees paid upfront to reduce your mortgage rate, with each point typically costing 1% of the loan amount. While this involves a higher initial outlay, it can result in significant long-term savings if you plan to stay in your home for several years.

These are today's mortgage and refinance rates. Mortgage rates have been holding steady. Whether they drop further this year depends on the economy.