Thinking about taking out a mortgage loan? Current mortgage rates stay at 6.63% for 30-year terms, while 15-year terms decrease to 5.75%. Valerie Morris is a content editor with a focus on personal finance.

As of Oct. 22, according to Credible data gathered from more than 500 U.S. lenders*, the median interest rate on a 30-year fixed-rate mortgage is 6.75%, which is 0.12 percentage points higher than yesterday. Additionally, the median interest rate on a 15-year fixed-rate mortgage is 5.88%, which is 0.13 percentage points higher than yesterday.

Most outstanding mortgages have a 6% or lower rate, which creates a " lock-in effect " for many current owners who don't want to swap a low rate for a higher one. This could limit homeowners’ willingness to sell, slowing or stalling the housing market.

With a slight increase Friday, 30-year mortgage refi rates are near their highest level in two months, after hitting a 19-month low in mid-September.

Mortgage rates surged to 6.44% for a 30-year fixed loan in the week ending Oct. 17—the highest in roughly two months. In the face of these elevated rates, the number of applications for home purchases went down this week.