Weekly Mortgage Rates Fall as Markets Drool Over Possible Fed Cut

Best fixed and variable mortgage rates of the week

Economists have said relatively soft inflation data in August helped make a case for a rate cut in September

Weekly Mortgage Rates Fall as Markets Drool Over Possible Fed Cut

Mortgage rates moved a little lower this week, resuming the downward trend we've seen as summer ends.The average rate on a 30-year fixed-rate mortgage fell nine basis points to 6.59%, according to rates provided to NerdWallet by Zillow. A basis…

Mortgage rates hit 10-month low as Powell hints at Fed cut

The 30-year fixed rate mortgage fell 2 basis points this week, Freddie Mac said, but other sources like Zillow and Lender Price reported larger drops.

Powell Hints Fed May Soon Cut Rates

Federal Reserve Chair Jerome Powell has warned of risks from both rising unemployment and stubborn inflation.