Mortgage Rates Hold Steady Amid Speculation of Interest Rate Cuts

Current 30-year fixed mortgage rates remain at a three-month low, with the Fed's potential policy shifts influencing market expectations.

The average 30-year fixed mortgage rate is 6.70%, unchanged from the previous week.
Freddie Mac reports a drop to 6.77% for the 30-year mortgage, its lowest in four months.
Refinance applications increase as borrowers anticipate further rate declines.
Economic indicators suggest the Federal Reserve may soon reduce interest rates.
Housing affordability remains a top concern for younger Americans.