Most of 2025 has seen a pretty flat real estate market when compared to 2024.

Lack of inventory, rising home prices and high mortgage rates have all played a role in keeping the market from taking off. However, for the last few weeks, mortgage rates have seen a steady decline: from nearly 7% to about 6.25%.

“They've been uncomfortably high for most buyers most of this year,” said Holden Lewis, a home and mortgage expert for NerdWallet. “The difference is, in the last three or four weeks, mortgage rates have been falling. What you're seeing is, most mortgages a 30-year loan, you get between about six and a quarter percent and six and a half percent,” he said.

Another factor into those interest rates to keep an eye on is the Federal Reserve. While that body does not set the rates for mort

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