Mortgage interest rates have edged down only slightly over the past 30 days. As of this week, the average U.S. rate for a 30‑year fixed mortgage is 6.06%, compared with 6.21% a month ago. More borrowers have been reporting that they are securing rates below 6%. While most forecasts anticipate a gradual decline continuing through 2026, it remains uncertain whether the market has already priced in the expected Federal Reserve rate cuts.
