US mortgage rates declined last week to the lowest level since September 2022 in anticipation of Federal Reserve interest-rate cuts, stoking an influx of applications for home purchases and refinancing.

These are today's mortgage and refinance rates. Mortgage rates are down ahead of an expected Fed cut, but they might not drop much further this week.

The US Federal Reserve has cut its key lending rate by half a percentage-point in its first reduction since the onset of the Covid, sharply lowering borrowing costs shortly before November’s president