Fed, FOMC cut and Mortgage
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The rate on a 30-year fixed refinance climbed to 6.42% today, according to the Mortgage Research Center. Rates averaged 5.43% for a 15-year financed mortgage and 6.14% for a 20-year financed mortgage.
Explore current mortgage rates and what they mean for homebuyers.
Fed decisions on interest rates have an impact on the housing market, and real estate technology company Redfin suggests that mortgage rates could be subject to change in 2026 depending, in part, on those judgments.
Today, the mortgage interest rate on a 30-year fixed mortgage is 6.33%, according to the Mortgage Research Center. On a 15-year fixed mortgage, the average rate is 5.45%, and the average rate on a 30-year jumbo mortgage is 6.
From design choices like what color you should paint your bathroom walls to features that can increase a seller’s home value, Amanda Pendleton, Zillow’s home trends expert, directs research on real estate,
Mortgage rates stay above 6% as Fed policy is set to shift, with spreads still historically wide and homebuyer affordability slowly improving.
NewHomeSource reports 2026 mortgage rates expected to stay in the low-6% range, shaping homebuying trends. Small rate drops could significantly increase affordability.
Wall Street seems mildly pleased with the signals coming from the Federal Reserve. Yields on short-term Treasurys have ticked a bit lower, while stocks have edged higher, reflecting a sense that the door is still open to interest-rate cuts next year.
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