Mortgage demand to buy a home and to refinance a loan declined, despite falling interest rates. Weak consumer confidence is the culprit.

Jessica Lautz, NAR's deputy chief economist, said in a recent statement that homebuyers should stop focusing so much on mortgage rates: "Regardless the reason, homebuyers waiting on the sidelines for rates to drop will likely be waiting a long time."

Quite a few important mortgage rates ticked downward. It's still expensive to buy a house, but any dip in rates is good news in the housing market.

Mortgage rates are down and still under 7%. Today’s national average on a 30-year fixed-rate mortgage is 6.86%, according to Bankrate. If you choose a 15-year fixed-rate mortgage, the average rate is 6.

Mortgage rates in the US dropped for a third week, sliding to the lowest level since the middle of May. The average for 30-year, fixed loans was 6.81%, down from 6.84% last week,

At the same time, the Fed only indirectly impacts the mortgage market. In 2024, the central bank cut interest rates three times, but mortgage rates didn't fall. According to Bankr

Mortgage interest rates dipped this week and the Federal Reserve left short-term rates alone, while opening the door to cut them in the fall.The average interest rate on the 30-year