Mortgage rates might need to fall by at least 2% to increase inventory, some experts say. However, there may be other factors, such as new construction and delinquency rates, that could also play a key role.

Today's fresh inflation data—not the Fed announcement—provides stronger clues about where mortgage rates could be headed for the rest of 2024.

Since May 29, we've witnessed a decline in the 10-year yield, which has been favorable for mortgage rates. Can this trend persist?

After wavering above 7% for more than a week, 30-year mortgage rates have dropped back to the upper-6% range. Rates have moved lower for almost every loan type.

Markets appeared to welcome signs of future rate relief, with the latest Freddie Mac average falling for the fifth time in six weeks.

These are today's mortgage and refinance rates. Mortgage rates remain elevated, but they're expected to trend down as inflation decelerates.

Mortgage rates dropped for a second week in a row. Thirty-year fixed-rate average was 6.95%, down from 6.99% last week.

Mortgage rates dipped below 7% this week, with the average rate for a 30-year fixed home loan falling from 7.03% last week to 6.99% for the week ending June 6, according to Freddie Mac.

Mortgage rates eased again this week, though the latest pullback leaves the average rate on a 30-year home loan at close to 7%, where it’s been much of this year.

These are today's mortgage and refinance rates. Mortgage rates are down slightly today, and they could drop further as inflation decelerates.