The current average mortgage rate on a 30-year fixed mortgage is 6.23%, compared to 6.36% a week earlier, according to the Mortgage Research Center. For borrowers who want a shorter mortgage, the average rate on a 15-year fixed mortgage is 5.

Explore current mortgage rates and what they mean for homebuyers

Want to know how this week's Fed rate cut impacted the mortgage rate climate? Here are the latest interest rates.

Fifteen-year mortgage rates hit a one-month high today. Today, the mortgage interest rate on a 30-year fixed mortgage is 6.35%, according to the Mortgage Research Center, while the average rate on a 15-year mortgage is 5.

Explore current mortgage rates and what they mean for homebuyers

The average rate on the 30-year fixed mortgage rose this week to 6.22%, according to the latest Freddie Mac data released on Thursday. That is up from last week's reading of 6.19%.