The Federal Reserve held its key interest rate steady for the fourth time this year on Wednesday, leaving its benchmark lending rate unchanged at a range of 4.25 percent to 4.5 percent. For homebuyers, this means that mortgage rates are likely to keep hovering around the 7-percent mark for the foreseeable future.

Looming decisions about interest rates from the Federal Reserve

Interest rates for credit cards to mortgages have jumped since the Fed began fighting inflation in 2022. Here's where experts think rates are headed.

The Federal Reserve on Wednesday stuck to its forecast of two interest-rate cuts in 2025 despite seeing a burst of inflation coming in the next few months as a result of higher tariffs. In an updated forecast,

By Howard Schneider WASHINGTON -The Federal Reserve held interest rates steady on Wednesday and policymakers signaled borrowing costs are still likely to fall this year, but slowed the overall pace of expected future rate cuts in the face of estimated higher inflation flowing from the Trump administration's tariff plans.

Quite a few important mortgage rates ticked downward. It's still expensive to buy a house, but any dip in rates is good news in the housing market.

Mortgage rates are down and still under 7%. Today’s national average on a 30-year fixed-rate mortgage is 6.86%, according to Bankrate. If you choose a 15-year fixed-rate mortgage, the average rate is 6.

After climbing for two days, 30-year refi rates have now reversed course with a notable drop. Rates slipped for many other refi loan types as well.