Mortgage rates continued to rise today, albeit by a small step rather than a giant leap. Yes, mortgage rates are higher even though the Fed just cut rates. That didn't last, though today's mortgage rates are still lower than what we've seen through most of 2025. Average mortgage rates, last 30 days» Take the next step: Compare mortgage rates from NerdWallet’s top lenders📉 When will mortgage rates drop? » Get the best rate for you: How to get the best mortgage rate👀 If I apply now, can I get the rate I saw today?