After jumping for two days, 30-year mortgage rates have now followed that with a two-day decline. Rates have retreated for many other loan types as well.

Forecasts for the housing market haven't changed much, with stubbornly high mortgage rates keeping prospective homebuyers on the sidelines. After the average rate for a 30-year fixed mortgage inched past 7%,

Mortgage rates are down and still under 7%. Today’s national average on a 30-year fixed-rate mortgage is 6.87%, according to Bankrate. If you choose a 15-year fixed-rate mortgage, the average rate is 6.