Mortgage rates fell slightly in the week ending Nov. 14, marking the first time weekly rates have gone down since September. The average rate on a 30-year fixed-rate mortgage dropped seven basis points to 6.79%, according to rates provided to NerdWallet by Zillow. A basis point is one-one hundredth of a percentage point.

Real Estate News Average rate on a 30-year mortgage slips for first time in weeks Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners seeking to refinance the

After climbing for the last six weeks, mortgage rates have leveled off. They didn’t go down this week but they didn’t go up either, and economists say that

The Federal Reserve delivered a 0.25% interest rate cut last week. But prospective homebuyers wishing for lower mortgage rates are likely to be disappointed. While the central bank influences home loan rates,

When the Federal Reserve lowered its benchmark interest rate by half a percentage point in September, it wasn't a particularly surprising move. At that point, the Fed was expected to make its first rate cut of the year in response to cooling inflation.