Mortgage interest rates declined this week to their lowest point in three years. Here’s when they could fall again.
Homebuyers stuck on the sidelines may want to re-enter the market as mortgage interest rates are on the decline.
The average mortgage rate on a 30-year mortgage term declined to 6.13% on Wednesday, its lowest level in three years. That came right before the Federal Reserve announced a 25 basis point cut to its benchmark interest rate, bringing it to a range between 4% to 4.25% now. But with multiple influencing factors at play currently, the decline in mortgage rates can easily continue into the fall and perhaps into 2026, too.
Rates here have been declining for much of 2025. They fell for five consecutive weeks over the summer and dropped to 11-month and nearly one-year lows just in September, before Wednesday’s big decline. So rates can fall even further, perhaps even sooner than expected. But when, exactly, can they fall again? While timing the mortgage rate market is inherently difficult to do with precision, there are three upcoming dates on the calendar, which buyers may want to pay close attention to. Below, we’ll detail which ones to monitor, specifically.
Start by seeing how low your current mortgage rate offers are here.Here’s when mortgage rates could fall again
Mortgage rates are fluid, responsive to multiple factors, and they can change daily.
