Well, John, it's actually really complicated because mortgage rates did drop today to a three-year low ahead of the meeting, but they may head higher tomorrow. Willie Walker, CEO of Walker and Dunlop, said historically when the Fed cuts during a recession, it pulls down the 10-year Treasury yield. But when it isn't a recession, like now, it doesn't impact long-term rates, which mortgage rates follow.We're below where the market will be two to three weeks from now. And I don't try to predict where rates are ...

Mortgage rates haven't moved higher in eight weeks, and this week they took a dive. The average 30-year fixed rate is down 15 basis points this week, and buyers are noticing. Freddie Mac reports that purchase loan applications are seeing the highest year-over-year growth in more than four years. This could leave potential home buyers wondering, “Is this a good time to buy a house?” In this article: Are mortgage rates dropping? As of Sept. 11, Freddie Mac reported that rates for 30-year fixed-rate mortg ...

Mortgage rates are down again this week. They gradually decreased in anticipation of the Federal Reserve cutting the federal funds rate at its Sept. 17 meeting. Now that the Fed has lowered its rate by 25 basis points, will mortgage rates continue to trend downward — or will they stall? And do these lower rates mean it’s a good time to buy a house? In this article: Are mortgage rates dropping? As of Sept. 18, Freddie Mac reported that rates for 30-year fixed-rate mortgages were 6.26%. Although this is t ...

Mortgage rates have increased this week, after either decreasing or holding steady for nine straight weeks. Last week, the Federal Reserve lowered its rate for the first time in 2025, and while people may have expected that cut to push rates farther down, the opposite has happened. So, where are home loan rates headed, and is it still a good time to buy a house? In this article: Are mortgage rates dropping? As of Sept. 25, Freddie Mac reported that rates for 30-year fixed-rate mortgages were 6.30%. This ...

The Federal Reserve, or “the Fed,” is the central bank of the U.S. and plays an outsized role in shaping the nation’s monetary policy. One of its key functions is setting interest rates. Those rates determine how much Americans earn on their savings and how much they pay to borrow — including when buying a home. The Fed indirectly impacts mortgage rates by setting what’s called the federal funds rate, and that rate impacts a wide variety of financial products. As a result, when the fed funds rate rises and ...