The market currently projects an interest rate cut in the fall, though two Fed officials floated the possibility of a rate cut this month. Fed Chair Powell has reaffirmed a "wait and see" posture, with concerns over the inflationary impact of tariffs.

Mortgage rates are likely to edge a little lower in July, continuing the gradual decline we saw in June.So far, inflation hasn't risen from higher tariffs, and financial markets seem

Mortgage rates dropped for the fourth consecutive week as geopolitical tensions eased and Treasury yields fell.