The mortgage rate drop provides little relief for prospective shoppers looking ahead to the spring homebuying season.

The rate on 30-year mortgages fell to 6.95% from 6.96% last week, Freddie Mac said. Rates on 15-year mortgages fell to 6.12% ...

In September, rates plunged to a two-year low, falling as far as 5.89%. But over the following three-plus months, the average surged almost 1.25 percentage points—before recently easing lower.

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As inflation stays higher than hoped and the Federal Reserve looks less likely to lower its benchmark rate, mortgage rates aren’t likely to move much this month. “The Fed has short-term interest rates ...

Freddie Mac chief economist Sam Khater in a statement ... Inflation remains stubbornly high and the Federal Reserve already looks poised to cut interest rates fewer times than initially expected ...

Selling your house? You might be in for a long wait. Mortgage rates remained elevated throughout January, which has sapped ...

Releasing Fannie Mae and Freddie Mac from conservatorship could serve a dual ... Despite recent cuts to the Federal Reserve's policy rate, mortgage rates have actually risen since last fall — a trend ...

The Fed sets short-term interest rates, but does not directly control mortgage rates, which tend to move in tandem with the yields on long-term bonds. Those long-term rates are dependent on investor ...

The 30-year mortgage rate climbed to 6.93% as of Thursday, Freddie Mac said ... The rates are rising even as the Federal Reserve sliced its key interest rate for the third consecutive time ...

The Freddie Mac estimate is derived from Federal Reserve data, which showed that this cohort of homeowners owns as much as 50% of the nation’s total home equity. In a survey of homeowners 60 and ...