Mortgage interest rates have declined steadily in recent months, giving buyers reason for cautious optimism. Phiwath Jittamas/Getty Images

The trend is an unmistakable one: Mortgage interest rates are consistently declining again.

After rising to their highest level in decades just two years ago, mortgage rates have been on a slow but gradual decline for much of 2025. And after falling for five consecutive weeks earlier this summer, the trend continued in September as rates here fell to an 11-month low and, then, to their lowest point in nearly a year . Those drops could continue, too, giving homebuyers reason to re-enter an improved market.

But could they drop again as soon as this week? With the first Federal Reserve meeting since July set to occur on Septemb

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