Expectations of a rate cut from the Federal Reserve this afternoon has pulled the 30-year fixed rate mortgage down to it’s lowest level since September 2022, according to a report from the Mortgage Bankers Association.

The Fed is set to issue its first rate cut since 2020 this week. Here's how far mortgage interest rates could then drop.

Homebuyers are rushing to take advantage of lower mortgage rates following the Federal Reserve’s recent interest rate cut.