Mortgage rates have eased in recent months, hovering near levels not seen in roughly three years. Data from Freddie Mac’s Primary Mortgage Market Survey shows the average rate on a 30-year fixed mortgage has retreated from its recent highs, reopening the conversation for buyers who paused plans during last year’s higher rates and homeowners wondering whether refinancing finally makes sense.
Lower rates alone, however, have not resolved affordability challenges. For many households, the question is no longer whether rates are down, but whether they are low enough to make acting now financially worthwhile.
