These are today's mortgage and refinance rates. Mortgage rates have been elevated recently, and they might not drop much this year.

The current mortgage rate on a 30-year fixed mortgage fell by 0.14 percentage point in the last week to 6.97%, according to the Mortgage Research Center. Meanwhile, the APR on a 15-year fixed mortgage dropped 0.

After falling for four days and then holding at that level for another day, rates on 30-year mortgages added points Thursday, as did most other loan types.