The mortgage rate drop provides little relief for prospective shoppers looking ahead to the spring homebuying season.

Mortgage rates are largely stuck at 7% for the time being. The Federal Reserve on Wednesday announced that it was holding its benchmark interest rate steady. The 30-year mortgage rate barely budged following the Fed’s announcement,

Federal Reserve officials are almost certain to leave benchmark rates unchanged on Wednesday, which would end a run of three straight cuts.

Heading into today's Fed announcement, we didn't expect to receive any significant surprise on the stance of monetary policy.  Financial markets had long since ruled out the possibility of a rate cut and we knew Powell could only really acknowledge recent progress in inflation data while maintaining that more progress is needed for additional rate cuts.

Friday, ending the week just a few basis points above their lowest level of the new year. Many other loan types also saw steady averages.

Mortgage rates fell slightly this week, remaining stubbornly high while would-be buyers and sellers continue to wait for steeper declines. Freddie Mac's latest Primary Mortgage Market Survey, released Thursday,

These are today's mortgage and refinance rates. The recent tech stock sell-off helped mortgage rates inch down this week.

As inflation and bank rates fall, some mortgage rates are actually going up. We take a look at why fixed rates aren’t following other interest rates and heading down.