The latest in a string of Federal Reserve interest rate cuts appears to have done little to impact mortgage rates, which have remained steady since the Fed’s Dec. 10 decision to lower benchmark rates by a quarter point.

On Monday, Mortgage News Daily reported that 30-year fixed rates averaged 6.29%, down 7 basis points (bps) in the past week.

HousingWire’s Mortgage Rates Center, which tracks locked loans across all credit profiles, showed that 30-year conventional loan rates averaged 6.34% on Tuesday, up 1 bps from a week ago. Rates for 30-year loans through the Federal Housing Administration (FHA) details ⇒

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