Mortgage rates are down today and still under 7%. Today’s national average on a 30-year fixed-rate mortgage is 6.82%, according to Bankrate. If you choose a 15-year fixed-rate mortgage, the average rate is 6.

Mortgage rates for 30-year loans declined for a fourth day following a turbulent month of ups and downs. Rates fell for many other loan types as well.

Mortgage rate volatility is nothing new, but today's housing market is particularly unpredictable. Lingering inflation, threats of a global trade war and mounting recession fears