We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. The average mortgage interest rate is down by around a full percentage ...

It wasn't that long ago when the average mortgage interest rate was comfortably over 7%. In August 2023, for example, the average rate on a conventional 30-year term was 7.31%, marking the highest ...

• The Federal Reserve cut its benchmark interest rate Wednesday for the first time since December and signaled more cuts are likely this year. • Central bankers opted for a quarter-point cut this time ...

Mortgage rates have already edged down some to around 6.35% as of Sept. 11 from around 7% in January. Many consumers have been on the sidelines lately waiting for interest rates to drop before buying ...