Published:September 24, 2025Updated:November 23, 2025Key fact: The average 30-year fixed mortgage rate dropped to 6.35%, the lowest in almost a year. Lower rates give buyers more purchasing power, but home prices are still historically high. How Mortgage Rates Affect Buyers Rate Effect on Buyers Notes 6.35% Better than earlier this year Still higher than pre-pandemic … Continue reading Mortgage Rates Hit Lowest in Nearly a Year — What It Means for Texas Homebuyers