Mortgage rates are down again this week. They gradually decreased in anticipation of the Federal Reserve cutting the federal funds rate at its Sept. 17 meeting. Now that the Fed has lowered its rate by 25 basis points, will mortgage rates continue to trend downward — or will they stall? And do these lower rates mean it’s a good time to buy a house? In this article: Are mortgage rates dropping? As of Sept. 18, Freddie Mac reported that rates for 30-year fixed-rate mortgages were 6.26%. Although this is t ...