When will mortgage rates go down? Rates are barely moving.

Mortgage rates increased last week, according to Freddie Mac, and they’re holding steady this week. So, when will mortgage rates go down significantly, and will they do so in time for you to buy a home before the end of 2025? Are mortgage rates dropping? Yes and no. Short-term mortgage rates aren’t moving much, but annual rates have dropped. As of Nov. 13, Freddie Mac reported that the average 30-year fixed-rate mortgage rate had risen by two basis points to 6.24%. However, the 30-year rate is now 54 b ...