The current mortgage rate on a 30-year fixed mortgage fell by 0.12 percentage point in the last week to 7.04%.The APR on a 15-year fixed mortgage dropped 0.07 percentage point during the same period to 6.23%.Today’s average rate on a 30-year, fixed-rate mortgage is 7.04%, which is 0.12 percentage point lower than last week.The interest plus lender fees, called the annual percentage rate (APR), on a 30-year fixed mortgage is 7.06%.