Mortgage rates hit one-year low: 30-Year mortgage rate falls to 6.19% - should you buy a home now?

: Americans struggling with high borrowing costs may finally be getting some relief as the average rate for a Freddie Mac: Mortgage rates fall nearly a full point lower than early 2025Sam Khater, Freddie Mac’s chief economist, said that, “At the start of 2025, the 30-year fixed-rate mortgage surpassed 7%, while today it hovers nearly a full percentage point lower,” as quoted by CNN.The decline comes as home prices soften in many major metro areas, prompting sidelined buyers to consider entering the market ...