The average rate on 30-year fixed home loans registered 6.72% for the week ending July 31, barely down from 6.74% last week.

Mortgage rates have dropped, but it's likely not tied to today’s Fed news. Here’s why waiting for a Fed rate cut could be a poor strategy for homebuyers.

Mortgage rates will probably stay about the same in August. If they change, they're more likely to go down than up. Even if mortgage rates fall a little bit, it won't be enough to wake up the sleepy housing market. When would-be home buyers dream, visions of mortgage rates below 6.5% dance in their heads. But rates won't fall that low in August.

Mortgage rates are down and still under 7%. Today’s national average on a 30-year fixed-rate mortgage is 6.72%, according to Bankrate. If you choose a 15-year fixed-rate mortgage, the average rate is 5.

Mortgage interest rates moved in opposite directions, but one benchmark rate saw a decline. Rates change on an hourly, daily and weekly basis.

The current mortgage rate on a 30-year fixed mortgage fell by 1.14% in the last week to 6.65%, according to the Mortgage Research Center. Meanwhile, the APR on a 15-year fixed mortgage dropped 0.05 percentage point during the same period to 5.

Mortgage rates are unchanged and still under 7%. Today’s national average on a 30-year fixed-rate mortgage is 6.76%, according to Bankrate. If you choose a 15-year fixed-rate mortgage, the average rate is 6.