This dip in mortgage loan rates isn't just good for homebuyers, though. It has also energized existing homeowners, as evidenced by the surge in both purchase and refinance applications that occurred when rates dipped.

Current mortgage rates are unchanged today and lower than they were seven days ago. Rates are lower than they were in early 2025, when the average 30-year fixed-rate mortgage reached above 7%. But rates are still relatively high as fears around stubborn inflation have kept the Federal Reserve from lowering its benchmark rate until now.

The current average mortgage rate on a 30-year fixed mortgage is 6.15%, according to the Mortgage Research Center. The average rate on a 15-year mortgage is 5.20%, while the average rate on a 30-year jumbo mortgage is 6.

The Federal Reserve’s rate cut this week is rippling through the housing market, sending mortgage rates lower and spurring a jump in refinancing.

Mortgage interest rates declined this week to their lowest point in three years. Here's when they could fall again.

Treasuries were poised for their first weekly decline since mid-August after Federal Reserve Chair Jerome Powell dampened hopes for more aggressive interest-rate cuts.

Today, the mortgage interest rate on a 30-year fixed mortgage is 6.15%, according to the Mortgage Research Center. On a 15-year fixed mortgage, the average rate is 5.19%, and the average rate on a 30-year jumbo mortgage is 6.

The Bank of Japan kept interest rates steady, but decided to start selling its holdings of exchange-traded funds and real-estate investment trusts.