Will the Federal Reserve cuts rates again this week? Mortgage rates certainly indicate that it will.
Though not directly tied to the Federal Reserve's interest rate, mortgage rates usually fall ahead of a Fed rate cut. The Fed is meeting today and tomorrow, when it is widely expected it will lower rates.
Last week, the rate on a 30-year mortgage fell to 6.33 percent, the lowest since Sept. 13. That was the week before the last rate cut and was the lowest mortgage rates had been since mid-May.