In 2021, the average 30-year mortgage rate fell below 3%. Now, according to Freddie Mac, it’s over 6.25%. If you’re in the market for a mortgage loan, you may be wondering if now is a good time to buy a house or if you should wait until interest rates fall more significantly. When will mortgage rates finally drop back down near the 3% mark? Read more: Want to buy a house before the end of 2025? Here’s what to know. Will mortgage rates drop to 3% again? In 2020 and 2021, Americans witnessed record-low m ...