The Federal Reserve is expected to start lowering rates this week, and mortgage rates are down as a result.
But will mortgage rates drop further once the Fed cuts rates?
See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments.
5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data.
Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile.
Persons:
they've, Freddie Mac
Organizations:
Federal, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs
Locations:
Chevron