Mortgage rates have trended downward over the last few days, and they might continue to decrease in the coming weeks.
These are two signs that the economy is starting to cool, which is often a good sign for mortgage rates.
We'll need to see long-term, consistent signs that the US economy is cooling off for mortgage rates to drop significantly.
See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments.
15-year Fixed Mortgage RatesAverage 15-year mortgage rates were 7.03% last week, unchanged from the previous week, according to Freddie Mac data.
Persons:
Freddie Mac —, Jerome Powell, you'll, Freddie Mac
Organizations:
Federal Reserve, Zillow
Locations:
Chevron