Shop aggressively, because rates can vary significantly among lenders. In short, your mortgage rate won’t necessarily go down with a Fed rate cut. But if you play your cards right, it might go down without one.

NerdWallet writers spell out what a cut in the Federal Funds Rate might mean for mortgages, credit cards, savings accounts and more.

Mortgage rates have a long and storied history of making big moves on the day that the big monthly jobs report comes out.  In that regard, today was fairly normal.  Indeed, the jobs report came out and mortgage rates made their biggest move of the week,

The average rate on a 30-year fixed mortgage was 6.35% Thursday, down from 6.46% a week ago, according to Freddie Mac, a government-sponsored home-loan agency. Rates on a 15-year fixed mortgage were 5.51%, down from 5.62%.

The Bank of Canada (BoC) has already cut its overnight rate twice this year, and experts believe several more reductions are coming.

The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates and likely

Inflation across the U.S. continued to recede in August as the rate of price hikes returns to pre-pandemic levels.