Mortgage rates have dropped since August, with a 19 basis point decrease in the 30-year fixed rate to 6.41% and a 21 basis point decrease in the 15-year fixed rate to 5.55%. This could be a good time to buy a house and lock in a relatively low rate. Refinance rates are slightly higher. Adjustable-rate mortgages may offer lower initial rates but could increase over time. Higher down payments, good credit scores, and low debt-to-income ratios can help secure lower rates. Consider buying down your interest rate with discount points at closing. Rates vary by location, and experts predict minor decreases before September.

Read more at Yahoo Finance: Rates have plunged over the last month