Mortgage Rates Hold Steady as Federal Reserve Rate Cut Looms

Current average mortgage rates show little variation ahead of anticipated Federal Reserve decision on interest rate cuts next week.

The average 30-year fixed mortgage rate is 6.39%, slightly down from last week's 6.46%.
15-year fixed mortgage rates have decreased to 5.74%, from 5.94% last week.
Investors expect the Federal Reserve to cut rates by 0.25 percentage points during its mid-September meeting.
Economic indicators like inflation and employment trends are influencing mortgage rate fluctuations.
Prospective homeowners should compare rates from multiple lenders to find the best deal.