Interest rates are going down — but aspiring homeowners waiting for lower mortgage rates aren’t feeling relief. For years, wannabe buyers have waited for the Federal Reserve to lower rates after the central bank pushed them to the highest level in decades.

These are today's mortgage and refinance rates. Each candidate could have a different impact on inflation, which has implications for mortgage rates.

The Federal Reserve is set to issue another rate cut this week. Here's what could then happen to mortgage rates.

You shouldn't rush into a home purchase (even if rates are falling) if it doesn't make sense for your budget or lifestyle. Taking extra time to build your credit score and put aside cash for a bigger down payment will help you in the long run, while also helping you save money on your future mortgage.

Rates on 30-year new purchase mortgages edged 2 basis points higher Friday, pushing the flagship average up to 6.90%. That matches the highest 30-year average since July 9 and is more than a full percentage point above the two-year low enjoyed in September, when the average sank to 5.89%.

More clarity could emerge this week for mortgage professionals who’ve been dealing with uncertainty due to rising rates.

Compare the current 15-year mortgage rates from select mortgage lenders. Many factors that determine your rate are out of your control, but there's one major factor you can control: your credit score.