The price of homeownership remains out of reach for many Americans as home prices remain high and mortgage rates continue to hover close to 7%.

Industry experts generally don't foresee meaningful mortgage rate drops right after the July Fed meeting. The reason behind that sentiment comes down to how mortgage rates work .

Mortgage rates today are steady, but loan demand fell 10% after recent rate increases. See what’s driving today’s trends.

The likelihood of a rate cut in July is low, but at least one member of the Federal Open Market Committee is advocating for one.

It's a tough time for homebuyers in the US. Unfortunately it got a bit tougher in June, as prices jumped to fresh all-time highs.

After a historical rate plunge in August 2021, mortgage rates skyrocketed in the first half of 2022. The 30-year average shot to 6.38% by June 2022, which was more than double the rate of 2.89% ...

Lower mortgage rates could significantly increase homeownership opportunities, particularly if rates fall to 6%. A drop in mortgage rates to 6% could add 5.5 million eligible homebuyers nationwide and nearly 46,000 in Middle Tennessee.

Historic mortgage rate trends. During the last three years, mortgage rates have been on the rise. In early 2022, the average 30-year fixed rate was 4.72% and the 15-year fixed rate was 3.91%.

After a historical rate plunge in August 2021, mortgage rates skyrocketed in the first half of 2022. Indeed, the 30-year average's mid-June peak of 6.38% was almost 3.5 percentage points above its ...