In recent weeks, mortgage rates have fallen to their lowest levels since 2023, offering a glimmer of hope to prospective homebuyers and those looking to refinance their existing loans. This decline in rates comes after a period of volatility and high borrowing costs, prompting many to wonder whether now is the right time to secure a mortgage or wait for even better rates. If you’re considering a barndominium loan, understanding the current mortgage landscape and where rates might go from here can help you make an informed decision. This article will explore the recent trends in mortgage rates, factors influencing their future trajectory, and whether now is the right time to lock in your barndominium loan.