The mortgage rate drop provides little relief for prospective shoppers looking ahead to the spring homebuying season.

Mortgage rates are largely stuck at 7% for the time being. The Federal Reserve on Wednesday announced that it was holding its benchmark interest rate steady. The 30-year mortgage rate barely budged following the Fed’s announcement,

Federal Reserve officials are almost certain to leave benchmark rates unchanged on Wednesday, which would end a run of three straight cuts.

Mortgage rates fell slightly this week, remaining stubbornly high while would-be buyers and sellers continue to wait for steeper declines. Freddie Mac's latest Primary Mortgage Market Survey, released Thursday,

These are today's mortgage and refinance rates. The recent tech stock sell-off helped mortgage rates inch down this week.

As inflation and bank rates fall, some mortgage rates are actually going up. We take a look at why fixed rates aren’t following other interest rates and heading down.