According to St. Germain, the Fed is likely to prioritize its dual mandate of keeping inflation in check, even with the political pressure increasing. As a result, prospective homebuyers shouldn't expect August to usher in much change for mortgage rates.

Not all mortgages are created equal. Learn the pros, cons and ideal use cases for today’s most popular home loans, so you can shop with confidence.

Both HELOC and home equity loan interest rates fell again last week. Here's what potential borrowers should do next.

Here’s the monthly cost of purchasing a typical home today, according to the Realtor.com® mortgage calculator. The typical monthly payment on a median-priced $440,950 home at today’s 6.74% mortgage rate is roughly $2,286. (That’s assuming a 20% down payment and excluding tax and insurance.)

With the Fed likely to hold interest rates steady this week, don't expect a major drop in mortgage rates this summer.