The Federal Reserve cut interest rates again for the third time this year, sparking new conversations about whether now might finally be the right time to buy a home. After years of high borrowing costs, many potential buyers are watching the market closely to see if this is the start of a meaningful shift.
Mortgage rates have continued to trend lower in recent weeks, with the average 30-year fixed rate now sitting at 6.19% in December, according to Freddie Mac. At the start of 2025, that same rate was above 7%. Today, it’s nearly a full percentage point lower, offering some relief for buyers who have been waiting for conditions to improve.
