 labor market to warrant interest rate cuts, saying she sees it as likely that policy adjustments will be warranted. Mortgage rates fell slightly this week, but are still hovering around 7%. Freddie Mac's latest primary mortgage market survey says the average rate on a benchmark 30-year fixed mortgage ticked down to 6.89% this week, still uncomfortably high for many would-be homebuyers. That's the Fox Business Report. I'm Jack Callahan. Invested in you.