Our experts answer readers' home-buying questions and write unbiased product reviews (here's how we assess mortgages). In some cases, we receive a commission from our partners; however, our opinions are our own.

Mortgage rates have steadied somewhat in recent weeks. Average 30-year mortgage rates increased just one basis point this week to 7.19%, according to Freddie Mac.

It's possible that rates have finally peaked and could start trending down soon. Housing affordability has been seriously strained thanks to rising rates and still-high home prices. As rates fall, more buyers should be able to enter the market.