Our experts answer readers' home-buying questions and write unbiased product reviews (here's how we assess mortgages). In some cases, we receive a commission from our partners; however, our opinions are our own.
Both fixed and adjustable mortgage rates are down this week in response to slowing inflation. Average 30-year mortgage rates are down more than 60 basis points from a month ago, and they could fall further in the coming months.
Positive economic data showing that inflation is slowing has caused mortgage rates to trend down. It's likely they'll fall further as inflation continues to come down and the Federal Reserve is able to cut the federal funds rate.