Mortgage interest rates just dropped again. Here's what homebuyers should (and shouldn't) do next.

The latest mortgage interest rate drop should be approached strategically by homebuyers. sakchai vongsasiripat/Getty Images

The recent trend of mortgage rates dropping doesn't appear to be over.

Rates on a 30-year mortgage declined again this week, according to new data from FreddieMac . Averaging just 6.27% now, rates here are at their lowest level in around a month. While not quite as affordable as the 6.13% they hit before the Federal Reserve cut rates in September (a three-year low at the time), they're heading back in the right direction for buyers eager to re-enter the market.

But that doesn't mean buyers should rush into the process either, especially considering the unique climate they now find themselves in. While it's always important to be strategic in the homebuy