Mortgage interest rates today are more affordable than they were at the start of 2025. sakchai vongsasiripat/Getty Images

Homebuying can be a stressful and time-consuming process, and one of the less glamorous parts of the journey involves constant monitoring of the interest rate environment for timely opportunities to act. While these were scarce in the interest rate environment of 2023 and 2024, they've gradually improved in 2025 . The average mortgage interest rate is down by around one full percentage point from where it started in January. And depending on the fallout of the Federal Reserve's final 2025 meeting today, it can potentially fall even further in the weeks and months ahead.

At the same time, waiting for mortgage interest rates to decline further is inherently ri

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