Well, John, it's actually really complicated because mortgage rates did drop today to a three-year low ahead of the meeting, but they may head higher tomorrow. Willie Walker, CEO of Walker and Dunlop, said historically when the Fed cuts during a recession, it pulls down the 10-year Treasury yield. But when it isn't a recession, like now, it doesn't impact long-term rates, which mortgage rates follow.We're below where the market will be two to three weeks from now. And I don't try to predict where rates are ...

Mortgage rates haven't moved higher in eight weeks, and this week they took a dive. The average 30-year fixed rate is down 15 basis points this week, and buyers are noticing. Freddie Mac reports that purchase loan applications are seeing the highest year-over-year growth in more than four years. This could leave potential home buyers wondering, “Is this a good time to buy a house?” In this article: Are mortgage rates dropping? As of Sept. 11, Freddie Mac reported that rates for 30-year fixed-rate mortg ...