Current mortgage rates are down and lower than they were seven days ago. Rates are lower than they were in early 2025, when the average 30-year fixed-rate mortgage reached above 7%. Even though Federal Reserve policy doesn’t directly impact today’s mortgage rates, they have been easing since the Fed began cutting rates in late 2024.

President Trump's visit to the Fed is the latest development in his long-running fight with Fed Chair Powell that has focused on interest rates

If the president thinks the Fed is hard to deal with, wait until he tries to negotiate with the bond market.