Mortgage interest rates were so high for so long that it would be understandable if many buyers missed the tangible decline the product experienced in 2025 . While not quite as significant a drop as was seen at the start of the decade, mortgage rates, on average, declined by more than a full percentage point last year. And at multiple points in recent months, they've been at or hovering near 3-year lows . With a variety of rates comfortably under 6% now , many buyers may feel compelled to take