Yes, rates dipped from the 7s into the low 6s. No, I don’t believe we’re heading back to 3–4% anytime soon. Here’s why: • Inflation is improving, but it’s not fully under control. • The Federal Reserve is cutting slowly and cautiously. • The 3% era was driven by emergency pandemic stimulus — that was historic and temporary. For perspective: the long-term historical average for mortgage rates is closer to 6–8%. So what does that mean for you? Waiting for 4% could cost you more in rising home pric