While rate cuts from the Fed should gradually lead to lower mortgage rates, we haven't gotten there yet. There's no reason to rush into a mortgage given there's little financial upside right now. There's a reason the Federal Reserve lowered its benchmark ...

While the central bank influences home loan rates, it doesn't directly set them. In fact, mortgage rates are going on their sixth week of increases. That's despite the Fed having made an even bigger 0.5% rate cut in September. According to the data we ...

The average 30-year mortgage rate has been above 6% for two years — and is likely to stay above that level for the foreseeable future, experts say. A combination of better-than-

The numbers: Applications for mortgages inched up over the past week, despite the 30-year creeping closer to 7%. The 30-year rate rose for the seventh week in a row, after Donald Trump won the presidential election and the Federal Reserve cut its interest rate by 25 basis points.

On Nov. 7, the Federal Reserve implemented a 0.25% reduction to the federal funds rate, its second cut in over four years. Prospective homebuyers are eager for a silver lining in the housing market. But experts don't anticipate dramatically lower rates before the end of the year.

Earlier on Thursday, mortgage rates rose again for the sixth consecutive week, hitting a four-month high of 6.79%, according to Freddie Mac. The Fed's latest rate cut, which was universally expected and thus fully priced in to bond markets, is unlikely to bring relief to mortgage rates in the near term.

Though the Federal Reserve has been cutting interest rates, mortgage rates have been increasing or holding steady. When will potential homeowners see mortgage relief.