The Federal Reserve is widely expected to lower its benchmark interest rate this week for the first time since December of 2024. A rate cut would give Americans a sliver of relief on a wide range of loans, but would it bring down mortgage rates? Average rates for a 30-year fixed-rate mortgage fell to 6.35% this week, its lowest level in …
Read More »How does the Fed influence mortgage rates? Here’s what to know as policymakers consider trimming borrowing costs.
