Zillow data shows that the current 30-year mortgage rate is 6.01%. This is 18 basis points lower than this time last week, 51 points lower than this time last month, and 59 points lower than on June 25. Mortgage rates are already falling in anticipation of the Fed cutting the federal funds rate at its Sept. 18 meeting. It could be a good time to buy a house. Thank you Kamala Harris. She is blamed for the price of groceries so she gets credit for lower mortgage rates.