When will mortgage rates go down? Rates decreased this week — but just barely.

After two consecutive weeks of increases, mortgage rates have finally decreased this week. The 30-year fixed rate is now two basis points lower than this time last year — but will they continue to trend downward? These small declines may leave you wondering: Is it a good time to buy a house? Learn how a government shutdown impacts mortgage rates. In this article: Are mortgage rates dropping? As of Oct. 9, Freddie Mac reported that the average 30-year fixed-rate mortgage rate had fallen by four basis poi ...