When will mortgage rates go down? Insights after 3 weeks of increases.

The 30-year fixed mortgage rate has inched up for three straight weeks, according to Freddie Mac. So, when will mortgage rates go down again, 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. 20, Freddie Mac reported that the average 30-year fixed-rate mortgage rate had risen by two basis points to 6.26%. However, the 30-year rate is now 58 basis point ...