Check out CNET Money's weekly mortgage rate forecast for a more in-depth look at what’s next for Fed rate cuts, labor data and inflation. Average 30-year fixed mortgage rates have remained close to 7% for the last seven months,

Mortgage rates are down and still under 7%. Today’s national average on a 30-year fixed-rate mortgage is 6.81%, according to Bankrate. If you choose a 15-year fixed-rate mortgage, the average rate is 6.

Right now buyers have less competition, more options, and more time to consider those options,” one pro tells us