If you've been waiting for lower mortgage rates, today just might be your day. When the likelihood of a federal rate hike falls, so can mortgage rates. Average mortgage rates, last 30 days» Take the next step: Compare mortgage rates from NerdWallet’s top lenders📈 What influences mortgage rates? constantly changing, since a major part of Mortgage rates aresince a major part of how rates are set depends on reactions to new inflation reports, job numbers, Fed meetings, global news ... you name it. 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?