The Fed cut rates in its last three meetings, causing mortgage rates to drop. But will that dynamic continue this week?

Explore current mortgage rates and what they mean for homebuyers

Mortgage rates are unlikely to return to their pandemic lows in 2026, but they could still deliver some relief to borrowers. It’s possible that rates will even fall below the 6% threshold.

The current average mortgage rate on a 30-year fixed mortgage is 6.17% with an APR of 6.20%, according to the Mortgage Research Center. The 15-year fixed mortgage has an average rate of 5.38% with an APR of 5.

Mortgage interest rates have been gradually declining, but will they continue to fall this month? Here's what to know.

The Federal Reserve left interest rates alone at its first meeting of the year, keeping borrowing costs at a multiyear high for Americans as policymakers grow more cautious.

Bank of England holds interest rates – but close vote shows inflation risk has eased - The Monetary Policy Committee (MPC) vote turned out much closer than anticipated, with a 5-4 result paving the wa

The base rate impacts what banks and lenders charge you when you borrow money - so for example, if you have a mortgage - as well as the rate they pay on savings

The Bank of England kept interest rates on hold on Thursday, but only after an unexpectedly narrow 5-4 vote, and it said it expected a future cut if a sharp fall in inflation due in the coming months proved not to be a blip.