Mortgage rates are down and still under 7%. Today’s national average on a 30-year fixed-rate mortgage is 6.86%, according to Bankrate. If you choose a 15-year fixed-rate mortgage, the average rate is 6.

Later today, the Federal Reserve is expected to extend a pause on interest rate cuts for a fourth consecutive time this year. While mortgage rates could see some volatility, many economists expect them to stay relatively flat until the economic picture changes.

Mortgage rates moved down this week, with the 30-year fixed rate averaging 6.86 percent, compared to 6.90 percent the previous week, according to Bankrate’s latest lender survey.