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 BlackRock Cautions Against Long-Term Bonds READ MORE July Sees Record Central Bank Gold Acquisition Since January READ MORE Jackson Hole Symposium: Powell's Speech to Signal Fed's Rate Cut Strategy READ MORE Global Recession Odds are 50/50 Citigroup Warns READ MORE Morgan Stanley Warns: Digital Currencies May Challenge US Dollar's Reign READ MORE Add a Comment Cancel replyYour email address will not be published.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