When will mortgage rates go down? The federal funds rate has decreased, but mortgage rates have increased.

Mortgage rates have increased this week, according to Freddie Mac. However, the Federal Reserve also just cut the federal funds rate by 25 basis points for the third time this year. So, will mortgage rates go down, making 2026 the year to buy a house? Or will they stay well above 6%? Are mortgage rates dropping? Yes and no. Although mortgage rates are up weekly, annual rates have fallen. As of Dec. 11, Freddie Mac reported that the average 30-year fixed-rate mortgage rate had increased by three basis ...