April, mortgage rates reversed course and held roughly steady last week. Here's how much rates and monthly payments have improved.

Could mortgage interest rates decline again after this week's Federal Reserve meeting? Here's what to consider.

Despite concerns over a potential recession and pressure from the White House to reduce interest rates, the Federal Reserve isn't planning to cut rates at its May 6-7 policy meeting this week. "The Fed appears inclined to maintain its cautious, wait-and-see stance," said Odeta Kushi, deputy chief economist at First American Financial Corporation.