In what was likely welcome news for aspiring home buyers, the average rate on a 30-year mortgage held at a 10-month low, sitting at “levels from early October 2024,” according to data released Tuesday from Mortgage News Daily.

The average 30-year fixed mortgage is now 6.58%, falling after last Friday's weak jobs report increased the likelihood the Fed will cut interest rates next month.

Today's average mortgage rate on a 30-year fixed-rate mortgage is 6.55%, down 2.24% from the previous week, according to the Mortgage Research Center. Borrowers may be able to save on interest costs by going with a 15-year fixed mortgage,

India’s central bank held its key interest rate as Donald Trump’s planned increase to tariffs on the country’s exports to the US threatens to send its economy into turmoil. The Reserve Bank of India ’s decision to keep the repo rate at 5.

India's central bank maintained its key interest rate at 5.50 percent on Wednesday, as US President Donald Trump ramped up threats to raise tariffs on New Delhi because of Russian oil purchases.