How to get a mortgage rate under 6% this September

There are multiple ways in which qualified borrowers can find mortgage rates below 6% this September. Puttachat Kumkrong/Getty Images

There's finally some movement in the mortgage interest rate climate that benefits buyers.

After rising to their highest level in decades in 2023, mortgage rates temporarily plunged to a two-year low last September, timed to a big Fed rate cut. That decline, however, was quickly overcome by poor economic conditions, and rates subsequently ticked up again in the months that followed.

Now, however, with a new Fed rate cut looming, concerns over unemployment and the potential for not just one, but a series of cuts to be issued, the mortgage rate climate is cooling once again. Average rates fell over the summer and, last week, they drop