Fed Rate Cut Expectations Drive 30-Year Mortgage Rates Down to 6.35% The average rate on a 30-year mortgage has decreased to 6.35%, its lowest level in over a year, providing some relief for potential homebuyers facing high housing prices. This decline, attributed to expectations of a Federal Reserve rate cut, marks the second consecutive week of easing rates. While 15-year fixed-rate mortgages also saw a decrease, experts suggest that a significant rebound in purchase activity may require further rate reductions. This trend offers a glimmer of hope for the housing market, though home prices remain near all-time highs. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts The Bull and Bear Case for Gold in 2024 READ MORE How Gen Z's Interest in Gold is Shaping the Market READ MORE Gold's Golden January: Historical Trends Suggest a Shiny Start to 2024 READ MORE Injecting New Life into the World’s Deepest Mine READ MORE U.S. Economy Defies Expectations with 2.8% Growth in Q2 READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment