Mortgage rates edged toward a new yearly low in the wake of weak job market data and ahead of a key Fed meeting. The average rate for a 30-year fixed mortgage was 6.35% in the week through Wednesday, according to Freddie Mac data, down from 6.5% a week earlier. The rate on a 15-year loan was 5.5%, down from 5.6%. Both marks are at their lowest point since October 2024. The latest leg down started on Friday, when 10-year Treasury yields, which closely track mortgage rates, plunged after the Bureau of Labo ...