Overview

• Average 30-year fixed mortgage rates remain below 7%, with slight fluctuations noted.
• The Federal Reserve is anticipated to keep the federal funds rate steady at its upcoming policy meeting.
• Economic indicators, including job growth and inflation, play a crucial role in rate decisions.
• Homebuyers and refinancers are advised to monitor Fed announcements for potential rate changes.
• Current mortgage rates are influenced by credit scores, down payments, and loan terms.