The current average mortgage rate on a 30-year fixed mortgage is 6.15%, according to the Mortgage Research Center. The average rate on a 15-year mortgage is 5.30%, while the average rate on a 30-year jumbo mortgage is 6.

Key Takeaways Fed officials are scheduled to meet Jan. 27 and 28 to set the nation's monetary policy, and will consider whether to cut the central bank's key interest rate for a fourth consecutive meeting.

"My base case is that we can stay here for some period of time," Cleveland Fed President Beth Hammack told the WSJ.

Thirty-year mortgage rates fell to a one-year low today. The current average mortgage rate on a 30-year fixed mortgage is 6.12%, according to the Mortgage Research Center. The average rate on a 15-year mortgage is 5.

Fed rate cuts could ease credit card and deposit rates, but auto loans and mortgages may stay high due to risk and long-term inflation expectations.

The Federal Reserve is set to meet for the final time in 2025 this week and optimism over another interest rate cut is surging. The chances of a cut at the conclusion of the central bank's meeting on December 10 are now around 90%, according to the CME ...

• The Federal Reserve cut interest rates Wednesday by a quarter point as expected, lowering borrowing costs for the third time this year. • Wall Street rallied after Fed Chair Jerome Powell ruled out the need for any immediate rate hikes. Central bank ...

The US Federal Reserve has lowered interest rates for the third time this year, even as internal divisions create uncertainty about additional cuts in the coming months. The central bank said on Wednesday it was lowering the target for its key lending rate ...

The economy has had a volatile year marked by ongoing headwinds and uncertainties. Persistent inflation, unpredictability around tariffs, and a stock market that many fear is in the midst of an AI-fueled bubble are among the factors impacting consumers ...