We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. MoneyWatch: Managing Your Money By Joshua Rodriguez Edited By Matt Richardson, Angelica Leicht December 14, 2023 / 10:59 AM EST / CBS News It seems like just yesterday when you couldn't turn on the news without hearing about sub-3% mortgage rates. But today, just a couple of years later, it's difficult to find a mortgage with under 6.5% interest. That means mortgage rates have more than doubled in a very short period of time.If you're in the market for a new home, it may be challenging to find affordable options with today's high rates. After all, higher rates equate to higher minimum payments. So, you may be wondering if, and when, mortgage rates might fall to 3% or lower again - and whether or not it's worth waiting to buy a home until they do.Although rates could fall to 3% again one day, it's not likely to happen any time soon. Moreover, it may not be a go...
