When will mortgage rates go down? Rates have ticked down — but will they drop more significantly?

Mortgage rates have been gradually decreasing, and according to Freddie Mac, they’ve decreased for four straight weeks. The Federal Reserve also just cut the federal funds rate for the second month in a row.These factors may leave you wondering: Will another Fed rate cut lead to even lower mortgage rates? And does that mean it’s a good time to buy a house? Are mortgage rates dropping? As of Oct. 30, Freddie Mac reported that the average 30-year fixed-rate mortgage rate had fallen by two basis points to ...