Assuming a 3.5% down payment and excluding tax and insurance, the typical payment at today’s 6.32% mortgage rate on a median-priced $425,000 home is roughly $2,544 per month. Last week, a median-priced home at a 6.12% mortgage rate would have cost homebuyers $2,491 per month—$53 less than what buyers would pay today.

These are today's mortgage and refinance rates. Mortgage rates are up this month. As rates go down next year, buying a home should get more affordable.

Rates on 30-year mortgages were flat today after their recent climb, remaining well above last month's sub-6% low point. Rates on most other loan types also held.