Economy News Us Economy News Today Mortgage Applications Drop As Rates Move Higher

What happens to mortgage rates now that the Fed cut rates? Here's what's happened previously.

Fast forward to September 2025, when the Fed cut rates again, this time by 25 basis points, lowering its benchmark range to 4.00% to 4.25%. Mortgage rates responded positively, with the average ... Read More

Mortgage rates are back to a 3-year low. Should you lock one in now?

Following recent volatility, mortgage rates just fell back to a three-year low. But should buyers lock one in now? Read More

Mortgage rates hit 2025 low point again, spurring fall housing activity

Mortgage rates hit the 2025 low of 6.13% again on Tuesday, continuing trend of near-6% rates that's been spurring housing activity. Read More

Mortgage rate today drops to 6.15% in U.S.: Is a big relief finally coming for homebuyers as 30-year mortgage hits lowest level in over a year - Experts see rates dipping below 6%

Mortgage rate today fell to 6.155%, the lowest in over a year, giving U.S. homebuyers rare relief. The 30-year fixed rate dropped from 6.27% last week, Freddie Mac data shows. Borrowers now save about ... Read More

Key US mortgage rate drops to 13-month low, industry group says

The interest rate on the most popular U.S. home loan dropped last week to a 13-month low after a key reading of inflation came in lower than expected, cementing expectations for another Federal ... Read More

Mortgage rates today: October 13 — Will 30-year rates hit 5% soon? How would a 0.5% Fed rate cut change your mortgage cost?

Mortgage rates are moving again. Are you ready? The mortgage rate today for October 13, 2025, shows a slight dip. This is big news for homebuyers and refinancers. The average 30-year fixed mortgage ... Read More

Average long-term US mortgage rate drops to 6.19%, lowest level in more than a year

The average rate on a 30-year U.S. mortgage fell this week to its lowest level in more than a year, extending a recent trend that’s helped give lagging U.S. home sales a boost. The average long-term ... Read More

Mortgage Rates Expected to Drop in October During Shutdown

Mortgage rates may decrease in October as the government shutdown creates economic uncertainty. This potential rate drop comes as financial markets react to the fiscal standoff in Washington, offering ... Read More

Mortgage rates drop to 1-year low: Why experts say lock in now or risk paying more

Mortgage rates dropped to a 1-year low, and recent data shows a clear shift toward buyers across the U.S. housing market. Here's why a mortgage rate lock could be a smart move right now. Read More

What a Government Shutdown Means for Mortgage Rates

A government shutdown could drive recession fears and lead to lower mortgage rates as investors flee to the safety of the bond market. However, interest rates aren't the only factor mortgage borrowers ... Read More

Homeowners Are Pouncing on the Tiniest Drop in Mortgage Rates

Blink and you will have missed the recent refinancing boom. The rush to lock in a cheaper mortgage was still a hopeful sign for lenders. A minor move in mortgage rates triggered a strong reaction from ... Read More

Lower mortgage rates are here, thanks to Wall Street bond investors

As anyone who’s shopped for a mortgage recently can confirm, high rates are no fun. But in recent weeks, borrowers have caught a break from an unlikely source: investors who buy mortgage bonds. Wall ... Read More