These are today's mortgage and refinance rates. Mortgage rates are down so far in March, and they may fall further this year.

"This week, mortgage rates decreased to their lowest level in over two months," says Freddie Mac Chief Economist Sam Khater. "The drop in mortgage rates, combined with modestly improving inventory, is an encouraging sign for consumers in the market to buy a home."

These are today's mortgage and refinance rates. Mortgage rates are down thanks to lower inflation and market fears of an economic slowdown.

U.S. mortgage rates dropped for another consecutive week. That's the word from Freddie Mac, which released its latest data. Freddie Mac reports the 30-year fixed mortgage rate averaged 6.76% for the week ending Feb.