Generally speaking, the inflation drop from January to February is good news for mortgage rates, even if rates aren't immediately headed downward. Jason Kindler, president of mortgage broker First Coast Mortgage Funding, says brokerages like his are happy with Wednesday's inflation news, all things considered.

Mortgage rates dropped to the lowest rate since October of last year, and that pushed demand even higher last week, after a substantial jump the previous week.

Mortgage applications rose sharply last week as interest rates continued their downward trend, marking the sixth consecutive week of declines, according to the Mortgage Bankers Association’s (MBA) latest Weekly Mortgage Applications Survey.

After inching up for two days, 30-year mortgage rates edged lower Friday, moving back towards the 2025 low they notched early last week. Most other averages also fell.

Mortgage rates are on a downward trend, with the average rate on a 30-year fixed mortgage dropping from around 6.9% to the 6.6% range over the last month. But a shaky economy will likely keep the housing market frozen for a while.

In recent weeks, mortgage rates have fallen ahead of the Federal Reserve’s March meeting, and the spring homebuying season is underway. Are rate cuts on the table for the year ahead, and how might factors