President Trump’s economic adviser said Friday that the administration has been in touch with major banks regarding the administration’s proposal to temporarily cap credit card interest

The rate on a 30-year fixed refinance dropped to 6.14% today, according to the Mortgage Research Center. The average rate on a 15-year mortgage refinance is 5.23%. On a 20-year mortgage refinance, the average rate is 6.

The average interest rate on a typical mortgage dipped to 6.06%, the lowest level since September 2022, according to Freddie Mac.