If the Fed doesn't cut rates in December, we may see mortgage rates inch up.
See more mortgage rates on Zillow Real Estate on ZillowWhat Are Today's Mortgage Refinance Rates?
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Current 30-Year Mortgage RatesAverage 30-year mortgage rates are hovering around 6.60%, according to Zillow data.
But now that inflation has decelerated and the Fed has started cutting rates, mortgage rates have trended down compared to where they were a year ago.
Persons:
Jerome Powell, It's, they've, Freddie Mac, Fannie Mae
Organizations:
Federal Reserve, Fed, Mortgage Research, Zillow, Mortgage, Association, ARM, . Government
Locations:
Chevron, Government