The mortgage rate drop provides little relief for prospective shoppers looking ahead to the spring homebuying season.

It's important to understand that the Fed's decision to pause rate cuts will not directly impact mortgage rates. Mortgage rates are actually driven by a range of factors, including the Fed's rate changes. This week's Fed rate decision does, however, have a big influence on where mortgage rates could head.

Mortgage rates are largely stuck at 7% for the time being. The Federal Reserve on Wednesday announced that it was holding its benchmark interest rate steady. The 30-year mortgage rate barely budged following the Fed’s announcement,

These are today's mortgage and refinance rates. The recent tech stock sell-off helped mortgage rates inch down this week.

As inflation and bank rates fall, some mortgage rates are actually going up. We take a look at why fixed rates aren’t following other interest rates and heading down.

Mortgage rates fell slightly this week, remaining stubbornly high while would-be buyers and sellers continue to wait for steeper declines. Freddie Mac's latest Primary Mortgage Market Survey, released Thursday,