Mortgage rates remain in a holding pattern at the start of December and the general consensus among market experts is that little will change even if the Federal Reserve implements another interest rate cut next week.

Mortgage News Daily reported that 30-year fixed-rate mortgages averaged 6.31% on Monday, virtually unchanged from a week ago.

HousingWire’s Mortgage Rates Center, which relies on locked loan data across all credit profiles, reported 30-year conventional loan rates of 6.36% on Tuesday, down 1 basis point from a week ago. Rates for 30-year loans through the Federal Housing Administration (FHA) averaged 6.13%, up 2 details ⇒

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