What Falling Mortgage Rates Mean for American Homebuyers

What falling mortgage rates mean for American homebuyers

Mortgage rates are falling, even without the Federal Reserve introducing new cuts.

Mortgage rates drop to another new low for 2025

Mortgage rates reached a new 2025 low today, despite core inflation running at 3.1% year over year, according to the CPI report this week. The softening labor data and improved mortgage spreads currently overshadow any concerns about inflation. If the jobs data were exceeding estimates, the situation would be different. According to Mortgage News Daily, mortgage rates have dropped to a low of 6.53%, marking a new year-to-date low. With Federal R…