Mortgage Rates Sink to an 11-Month Low—Will Fed Cuts Push Them Even Lower?

We're seeing 30-year mortgage rates dip to 6.48%—the lowest they've been since October 2024. This shift has caught the attention of many in Salem, Aumsville, and across the Willamette Valley. These rates are shaped by factors like inflation, supply, demand, and bond yields, making it important to keep a close watch. As someone who helps buyers and sellers navigate this ever-changing landscape, I always remind clients that timing the market is tricky. Rather than waiting for rates to fall even further, it's often wiser to act when you're truly ready, as opportunities can pass by quickly.