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

The average rate on a 30-year U.S. mortgage fell to its lowest level since early May, an encouraging trend for prospective homebuyers at a time when the U.S. housing market remains largely held back by elevated borrowing costs and rising prices.