These are today's mortgage and refinance rates. Mortgage rates have inched up near 6% in response to expectations of smaller Fed cuts this year.

When investors buy more Treasury bonds, their yields typically fall. Lenders often use these Treasury rates as a benchmark for setting mortgage rates. Mortgage rates tend to follow suit when Treasury rates drop due to global events — potentially making borrowing more affordable.

Last November, the 30-year mortgage rate approached 8%. After the Federal Reserve cut interest rates on September 18, it’s approaching 6%.

Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations, lender star ratings or the order in which lenders are listed on the page. Our opinions are our own. Here is a list of our partners.

Mortgage interest rates could still fall in October, even without a Fed meeting. Here's what could cause that drop.

The average rate on a 30-year mortgage in the U.S. rose to 6.12% this week, the first increase in seven weeks.

These are today's mortgage and refinance rates. Mortgage rates have been higher in October thanks to unexpectedly strong labor market data.

The rate on a 30-year fixed refinance dropped today. The current 30-year, fixed-rate mortgage refinance rate is averaging 6.83%, according to Curinos, while 15-year, fixed-rate refinance mortgages average of 5.