The average rate on 30-year fixed home loans decreased to 6.67% for the week ending July 3, down from 6.77% last week.

Average mortgage rates for July 7 remain steady at 6.80% for 30-year loans. Here's how rates compare and tips to get the best deal.

Expectations of a Fed rate cut have pushed mortgage rates down to their lowest point in eight weeks, creating a potential opportunity for homebuyers and homeowners seeking lower borrowing costs. But here’s what this shift could mean for your wallet.