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 Nvidia’s Market Cap Worth As Much as the Entire Chinese Stock Market READ MORE Oxford: Recession Fears Ease as US Economy Shows Signs of Stabilization READ MORE Greenspan Warns of Double-Dip Recession if Home Prices Fall Further READ MORE McDonald’s CEO Promises ‘Affordability’ Amid $18 Big Mac Combo Backlash READ MORE Core PCE Inflation Rises 0.2% in April, Matching Forecasts READ MORE Add a Comment Cancel replyYour email address will not be published.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