Mortgage rates ticked down fractionally in the most recent week but consumers are likely too cautious to take advantage.

Learn more Mortgage rates are slightly down this week, with the average 30-year fixed-rate loan at 6.76%, according to Freddie Mac data on May 1. “Mortgage rates again declined this week,” said Freddie Mac Chief Economist Sam Khater in a statement.

Mortgage rates are down today and still under 7%. Today’s national average on a 30-year fixed-rate mortgage is 6.79%, according to Bankrate. If you choose a 15-year fixed-rate mortgage, the average rate is 5.