Mortgage Rates Hit 3-Year Low Ahead of Fed Meeting

Mortgage rates in the U.S. have dropped to levels we haven’t seen in almost three years. The average 30-year fixed mortgage now sits around 6.13%, a sharp fall that is catching many by surprise. We are entering a moment where both borrowers and market watchers are paying close attention. Why? Because this dip comes just before a very important Federal Reserve meeting. Everyone expects the Fed to possibly lower its benchmark rates, and that makes people wonder: Will mortgage rates fall further?