Mortgage interest rates have dropped significantly from where they were in January 2025. Grace Cary/Getty Images

If you find yourself more frequently visiting online real estate websites to see what new listings are being posted, you may also be contemplating your exact price range and budget. This is a critical part of the homebuying process and one that, unfortunately, has been problematic for buyers in recent years due to a combination of inflation and higher interest rates , the latter of which negatively impacted the mortgage rate climate specifically.

But mortgage interest rates are on the decline again following a series of Federal Reserve rate cuts issued over the past year or so. And, average rates here are down by around a full percentage point just from wh

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