Most mortgage rates have ticked up since the Sept. 17 Federal Reserve meeting. According to Zillow, the average 30-year fixed mortgage rate has increased by 34 basis points since Sept. 16, now sitting at 6.47%. This is because it's common for mortgage rates to decrease in anticipation of a Fed rate cut, but they don't necessarily keep falling afterward. The mid-6% range could be the new normal, at least for the foreseeable future. Economists don't predict that mortgage rates will fall drastically before t ...