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Mortgage rates today decline on December 1: Average 30-year fixed dips to 6.144% - is a bigger drop possible ahead of the Feds decision?

Mortgage rates today: Mortgage rates are experiencing a gradual decline, with the average 30-year fixed-rate conforming mortgage falling to 6.144%. This offers some relief to homebuyers and homeowners after months of elevated borrowing costs. While rates remain significantly higher than pandemic-era lows, recent easing is attributed to anticipated Fed rate cuts and moderating economic pressures.