Today's mortgage interest rates are markedly lower than they were at the start of 2025. J Studios/Getty Images

While it's often worth monitoring the mortgage interest rate climate daily for brief windows of opportunity to act, buyers would be forgiven if they skipped this approach in recent years. After all, rates here steadily increased after falling to near record lows during the height of the pandemic. By 2023, mortgage interest rates were at their highest level since 2000 , offering scarce options for buyers looking for an affordable way to purchase a home.

Slowly but steadily, however, the mortgage interest rate climate has softened. The Federal Reserve has issued five rate cuts over the past year, approximately, and mortgage rates in recent weeks have responded by dec

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