U.S. mortgage rates hovered near three-year lows, inching up to 6.34% on 30-year fixed loans, according to Freddie Mac data. Analysts noted that mortgage movements mirror Treasury yields more closely than Fed policy, despite September’s 25-basis-point rate cut. With another cut likely, home loan costs remain influenced by inflation expectations and labor market signals. Economists advise prospective buyers to track evolving economic data as rates could fluctuate with upcoming Fed guidance and broader yield curve shifts.