Explore current mortgage rates and what they mean for homebuyers.

Today, the mortgage interest rate on a 30-year fixed mortgage is 6.33%, according to the Mortgage Research Center. On a 15-year fixed mortgage, the average rate is 5.45%, and the average rate on a 30-year jumbo mortgage is 6.

From credit cards and car loans to mortgage rates, student loans and savings accounts, here's a look at the ways a Fed rate cut could affect your finances.

New home loan mortgage applications increased 4.8% for the week ending Dec. 5, according to the Mortgage Bankers Association. That's up from the week prior when mortgage applications decreased with the Thanksgiving holiday also taken into consideration.

The rate on a 30-year fixed refinance climbed to 6.42% today, according to the Mortgage Research Center. Rates averaged 5.43% for a 15-year financed mortgage and 6.14% for a 20-year financed mortgage.

In this economic environment, nearly anything could happen. Here's what to expect for mortgage refi rates next year.