Mortgage Rates See Slight Decline Amidst Federal Reserve's Rate Decision

As the Federal Reserve announces its interest rate decisions, mortgage rates across various terms show minor adjustments.

30-year mortgage rates experienced a slight decrease, with the average rate now at 7.34%.
15-year mortgage rates also saw a reduction, marking a new average of 6.67%.
The Federal Reserve is expected to maintain rates steady, influencing the mortgage market.
Mortgage rates vary widely across lenders, emphasizing the importance of comparison shopping.
The settlement in real estate broker commissions could enable negotiations on agent fees, potentially affecting overall home buying costs.